Global Trade Alert
Global Trade Alert

Republic of Korea: Eximbank provides interbank export credit line to the Brazilian bank to support Korean exports

Announcement

10 Jul 2012

On 10 July 2012, the Export-Import Bank of Korea (Korea Eximbank) announced approving an interbank export credit line to the Brazilian bank Banco Itau BBA to finance the purchase of semi-submersible offshore drilling rig from a Korean manufacturer.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

07 Jun 2012

Revocation date:

No revocation date

Updated: 10 Jul 2012
Trade finance In force

The interbank export credit line approved by the Korean Eximbank to Banco Itau BBA has a total volume of USD 165 million. Apart from direct funds, the Korean Eximbank also provided a USD ...

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