Tools: Save | Print | E-mail | Most Read
Exim Bank Borrows US$500 Mln
Adjust font size:

The Import and Export Bank of China, known as Exim Bank, borrowed US$500 million from a domestic banking group on Tuesday.

 

Eight financial institutions such as Bank of China (Hong Kong), Canada's Bank of Montreal and Standard Chartered Bank provided the foreign currency loan, with Bank of China acting as the paying agent.

 

This is the Exim Bank's first large-scale foreign currency loan this year.

 

Established in 1994 and solely owned by the central government, the Exim Bank is a state export credit agency and an important element in China's foreign trade system.

 

(Xinhua News Agency April 25, 2007)

 

Tools: Save | Print | E-mail | Most Read

Related Stories
EXIM Bank to Issue 10 Bln Yuan of Financial Bonds
Exim Bank Reports 79% Surge in Profits
Exim Bank to Sign Financing Loan

Product Directory
China Search
Country Search
Hot Buys
SiteMap | About Us | RSS | Newsletter | Feedback
SEARCH THIS SITE
Copyright © China.org.cn. All Rights Reserved     E-mail: webmaster@china.org.cn Tel: 86-10-88828000 京ICP证 040089号