I-Banks Expand Microlending Efforts

Terzo, Gerelyn
October 2006
Investment Dealers' Digest;10/23/2006, Vol. 72 Issue 40, p12
Trade Publication
The article focuses on how the 2006 Nobel Peace Prize of professor Muhammad Yunus and Grameen Bank inspired the microlending operations of Citigroup Inc., Deutsche Bank AG and HSBC in the U.S. Citigroup announced at the Clinton Global Initiative that it was starting an additional $100 million local currency financing program. Deutsche Bank also announced its plans to finance the expansion of eye-care hospitals in developing nations.


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