ICICI Bank has signed an agreement for a $200 million Line of Credit with The Export-Import Bank of Korea (Korea Eximbank). With this, the total volume of credit lines between the two institutions has reached $1 billion, making it Korea Eximbank’s single largest credit line relationship with any partner bank.
This new Line of Credit would be availed by ICICI Bank through its Hong Kong branch, and can be utilised to finance its corporate clients having business relationships with Korean companies globally as well as joint ventures or subsidiaries of Korean companies.
ICICI Bank is India's largest private sector bank and the second largest bank in the country, with consolidated total assets of $122 billion at December 31, 2012. The Bank’s presence currently spans 19 countries, including India.
This new Line of Credit would be availed by ICICI Bank through its Hong Kong branch, and can be utilised to finance its corporate clients having business relationships with Korean companies globally as well as joint ventures or subsidiaries of Korean companies.
ICICI Bank is India's largest private sector bank and the second largest bank in the country, with consolidated total assets of $122 billion at December 31, 2012. The Bank’s presence currently spans 19 countries, including India.
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