The Himalayan Bank Ltd. has signed an agreement with the International Finance Corporation (IFC) a member of the World Bank Group, for the security of the international trade under the World Business Finance Program.
The agreement paper was signed by the Chief Executive Officer of HBL Mr. Ashok S. Rana and the Regional Manager of the IFC Washington, Perles Rouge, on Tuesday.
As per the agreement, the IFC will provide HBL with the grant assistance for the Business Finance Securities. Under this program, the IFC will be supporting and providing security for the payment against the liabilities of the Import and Export Business and HBL customers involved in the International Trade.
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Wednesday, June 3, 2009
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