이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
IBK forms committed credit lines with two Japanese banks
- Collected
- 2018.03.02
- Distributed
- 2018.03.05
- Source
- Go Direct
The one-year pact extendable to another year will allow the state lender to borrow up to a limit of 20 billion yen ($188.7 million) preferentially each from the two Japanese banks and also offer similar amount to the Japanese partners in case of emergency.
IBK has become the only Korean bank to sign a committed loan agreement with Japanese banks. Committed credit lines offer greater security than typical loan arrangements as they legally bind the contracting parties to provide the funds and disallow cancellation before the maturity.
By Lee Seung-yoon and Choi Mira
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]