HSBC plans $100 million loan for Sri Lanka's Bank of Ceylon

COLOMBO (MarketWatch) -- The U.K.'s HSBC Holdings Plc. (HBC) Wednesday said it will extend a $100-million loan in December to Sri Lanka's Bank of Ceylon, the country's largest state banks in terms of assets.
"We are arranging the loan for Bank of Ceylon next month and are confident of business growth in Sri Lanka," HSBC's Global Chief Executive Michael Smith told a breakfast meeting Wednesday.

He didn't detail the terms of the loan.