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OTP Bank signs $20m import credit agreement with Taiwan's eximbank

Hungary's OTP Bank has signed an agreement on a $20 million refinancing credit line with the Export-Import Bank of the Republic of China (Taiwan) to provide financing for the import of products made in Taiwan to Hungary, OTP informed MTI on Tuesday.

OTP Bank will grant import financing at a preferential interest rate from the credit line with a maximum maturity period of five years for the Hungarian imports of Taiwanese products.

The preferential-rate credit will be available to companies registered in Hungary that import consumer and investment goods from Taiwan. (MTI-Econews)