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Kenya: PTA Bank gets Sh3.8bn funding
[Daily Nation: 2010-03-10]
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PTA Bank has received a loan facility of $50 million (Sh3.8 billion) from a consortium of international financiers for on-lending to small and medium sized corporate clients.They include FMO the International Development Bank of Netherlands which is the lead arranger of the long term loan carrying $20 million of the total and organising another $30 million from the European finance partners. Economic crisisDr Michael Gondwe, the president of PTA Bank and FMO"s Jurgen Rigterink. . . |
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