Belgian Investment Company for Developing Countries

The Belgian Investment Company for Developing Countries (BIO) is an economic development agency located in Brussels, Belgium, founded in 2001. Its primary goal is to foster a robust private sector in developing and emerging countries, facilitating access to sustainable growth and development. BIO directly invests in private sector projects, contributing significantly to the socio-economic development of the host countries. The agency's mandate emphasizes specific geographical targets, diverse financing tools, and a strong focus on the impact of its investments on development, aligning with international development goals. The management of BIO's assets is overseen by its executive management team, ensuring that its initiatives effectively support sustainable economic progress in the regions it serves.

Carole Maman

Chief Investment Officer

Past deals in Sri Lanka

Sanasa Development Bank

Venture Round in 2021
Sanasa Development Bank is a financial institution based in Colombo, Sri Lanka, founded in 1997. The bank offers a range of ethical financial products and services aimed at enhancing financial security and stability within the economy. Its offerings include various savings accounts, leasing options, and loan schemes tailored for individual customers, particularly targeting low-income families. The bank serves a diverse clientele, including farmers, fishermen, vendors, laborers, and small business owners. Its commitment to microfinance activities underscores its mission to improve the living standards of underserved communities. Sanasa Development Bank operates through multiple business segments, including Banking, Leasing, Treasury, and Pawning, ensuring that it meets the varied financial needs of its customers.

Sanasa Development Bank

Debt Financing in 2019
Sanasa Development Bank is a financial institution based in Colombo, Sri Lanka, founded in 1997. The bank offers a range of ethical financial products and services aimed at enhancing financial security and stability within the economy. Its offerings include various savings accounts, leasing options, and loan schemes tailored for individual customers, particularly targeting low-income families. The bank serves a diverse clientele, including farmers, fishermen, vendors, laborers, and small business owners. Its commitment to microfinance activities underscores its mission to improve the living standards of underserved communities. Sanasa Development Bank operates through multiple business segments, including Banking, Leasing, Treasury, and Pawning, ensuring that it meets the varied financial needs of its customers.

Citizens Development Business Finance

Post in 2018
Citizens Development Business Finance PLC, established in 1995 and headquartered in Colombo, Sri Lanka, is a diversified financial services provider operating through segments such as Leasing and Stock Out on Hire, Loans and Advances, and Others. The company offers a wide range of products including term deposits, savings accounts, auto loans, personal loans, gold loans, home loans, debit/credit cards, margin trading, corporate finance, money exchange services, Islamic finance, leasing, hire purchase, foreign exchange and remittance services, pawning, and other financial services.

Commercial Leasing & Finance

Post in 2015
Commercial Leasing & Finance PLC is a non-banking financial service provider based in Colombo, Sri Lanka, established in 1988. It offers a wide range of financial products and services, including fixed deposits, savings accounts, various types of loans such as revolving, property mortgage, education, and gold loans, as well as leasing, factoring, Islamic financing, and micro-financing services. The company caters to diverse sectors including agriculture, manufacturing, services, trading, transport, construction, and micro-enterprises. It is a subsidiary of LOLC Holdings PLC and is committed to customer satisfaction and stakeholder dedication through its internet banking services.
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