BancABC secures Eurobank millions for local companies

Wednesday, December 03, 2014

Pim Van Balleckom, European Investment Bank vice President and BancABC MD, Jitto Kurian during the signing of the multi- million Pula deal in Gaborone. PIC KEBOFHE MATHE

BancABC has secured a 25 million Euros (P290 million) deal with the European Investment Bank (EIB) to fund local companies.

The money will be used as loans that will finance the banks’ corporate banking and SME operations.

Speaking during the signing ceremony yesterday, BancABC managing director, Jito Kurian said the loans are meant to assist businesses to expand their operations.

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