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Sberbank gets JBIC credit line
23 December 2004
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Sberbank, the Savings Bank of the Russian Federation has signed
an agreement with Japan Bank for International Cooperation (JBIC)
for a bank-to-bank loan valued at $70 million.
Sberbank, the largest commercial bank in Russia, says it will
use the credit line to meet the medium and long-term financial
needs of Russian companies with their orders of machinery and
equipment from Japan.
The loan was co-financed by Sumitomo Mitsui Banking Corporation
and primarily...
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