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Sumitomo Mitsui Banking signs cooperation MOU with Argentina's Banco Galicia

Sumitomo Mitsui Banking Corp. signed a memorandum of understanding with Banco de Galicia y Buenos Aires SA on cooperation and collaboration.

Under the agreement, Sumitomo Mitsui Banking will introduce Japanese corporates in Argentina's market, while Banco Galicia will offer the corporates relevant information and financial support with local currency, according to a March 26 release.

In addition, the two banks will also work together on project finance, trade finance and other financial services.