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Saudi Bank to lend $25-mln to Ukreximbank to stimulate Saudi exports
Journal Staff Report

KYIV, Oct 18 - Export-import bank SAUDI Exim Bank (Saudi Arabia) will provide state-owned Ukreximbank (Kyiv) with $25 million in financing as the first stage of support for importers of Saudi goods, services and products in the Ukrainian and neighboring markets.

The framework agreement signed on October 13 during the Berne Union's Annual General Meeting in Budapest (Hungary) is the first in the history of Ukreximbank to be signed with Saudi Arabian banks, the Ukrainian bank said.




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