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City Bank signs US$30M term loan agreement with FMO

City Bank Ltd. signed a term loan facility agreement with Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden NV, or FMO, for US$30 million.

The loan is meant to support the import and export requirements of local customers.

City Bank said Dec. 8 that the two banks signed the agreement Nov. 29.