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NEWS HIGHLIGHTS
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PTA Bank And China Development Bank Sign A Line Of Credit Agreement
The PTA Bank has signed a US $ 50 million Line of Credit with China Development Bank. The funding will go towards supporting projects in the telecommunication, mining, infrastructure and other key sectors in the member states of PTA Bank. Dr. Michael Gondwe, President of PTA Bank, mentioned that the Line of Credit will support PTA Bank's regional business support strategy, especially in sectors that require a large amount of funding such as mining, telecommunications and infrastructure. Speaking on the occasion, Mr. Shu Qingdong, China Development Bank's Commissioner, mentioned that the cooperation between the two institutions will do a lot in contributing to the social and economic development of China and Africa.
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