Triodos Investment Management loan has tenure of five years Capital infusion aims to support business growthCitizens Development Business Finance PLC (CDB) raised €5 Mn in Tier II qualifying capital, strengthening its capital ratios aimed at supporting its business growth. The Tier II qualified subordinated loan which has a tenure of five years, has been extended by Triodos Microfinance Fund and Triodos Fair Share Fund which are two financial inclusion funds managed by Triodos Investment Management. “In strengthening CDB’s future aspirations and in our quest to grow strategic sustainable partnerships, CDB now adds Triodos Investment Management into our portfolio of foreign funding partners,” states CDB’s Director Corporate Finance Roshan Abeygoonewardena. “CDB has always been incisively focused on a sustainability triad that encompasses environmental, social and governance (ESG) pivots which form the framework for infusing investment into sustainable business activities. The fundamental role of financial inclusion that supports economic growth therefore must reduce environmental impacts and have positive social influences.

Source: The Nation March 12, 2021 21:11 UTC