BRAC Lanka Finance PLC has obtained a three year loan of USD 02 million from its ultimate holding company BRAC International Holdings BV at an interest rate of 07 percent to expand its micro finance business operations.

Following this the company obtained a loan of Rs. 100 million from Seylan Bank PLC at an interest rate of 9.5 percent against the foreign currency received, which has been placed with Seylan Bank at a fixed deposit bearing an interest of 04 percent to the company.

BRAC Lanka Finance has engaged in this transaction as a hedging mechanism against foreign currency exposure.