September 30, 2010 12:58AM

 

First City Monument Bank said on Wednesday it is on track to securing a $70 million loan package from the International Finance Corporation (IFC), the World Bank’s private-sector arm.

 

Chief Executive Ladi Balogun told an investor conference the loans — $50 million of straight debt and $20 million of convertible debt — should be confirmed within the next few days.

 

Source: NEXT