Absa Bank Limited and China Development Bank Conclude a $100 million Agreement
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By Lerato Matsaneng Absa Group Media Relations 064 757 4716 Lerato.Matsaneng@Absa.co.za PRmedia@Absa.co.za This is the first major transaction between the two lenders and is geared towards providing funding to Small and Medium Enterprises (SME) JOHANNESBURG, South Africa, August 18, 2017/ — Absa Bank Limited (www.Absa.co.za), a subsidiary of the Barclays Africa Group (BAGL) (www.BarclaysAfrica.com), has successfully concluded a five year $100 million Special Facility Agreement with the China Development Bank (CDB). This is the first major transaction between the two lenders and is geared towards providing funding to Small and Medium Enterprises (SME). This will also benefit BAGL’s existing...