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Add to Preferred SourcesThe Asian Development Bank (ADB) helped launch Timor-Leste’s first locally-owned commercial bank that provides loans to individuals and businesses. The National Commercial Bank of Timor-Leste, known as NCBTL, now has branches in towns and rural areas across the country.
Access to credit is helping Timor-Leste diversify the economy beyond petroleum, making it more inclusive and resilient to external shocks.
Original source: ADB
Published on 11 February 2019