Financial And Banking News
LOANS AND ISSUES
NCB Wins Major Concession on Philippines Debt Package
The National Commercial Bank (NCB)of Jiddah agreed at the end of April to go along with some 400 other creditor banks in providing a $925mn new money package for the Philip- pines, which in turn opens the way for a $630mn loan from the International Monetary Fund. Under the terms of the new money facility which had been negotiated on behalf of all the creditor banks by a 12-member...
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