VOL. XLV
No 12
25-March-2002
IRAN
JBIC Signs 2Bn Bank-To-Bank Loan ForBank Mellat
TheJapan Bank for International Cooperation (JBIC) announced on 19 March that ithad signed a loan agreement worth around 2,067.8mn with Bank Mellat, an Iranian state-owned bank. (The facility is inthe form of a bank-to-bank loan a form of export financing whereby credit isextended to the importer through a financial institution in the country wherethe importer resides.) The finance will be used to offer export...
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