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SMBC and ADB sign trade risk pact

23 October 2008

ADB agreement with SMBC will support the continued flow of Asian trade.

Read more: SMBC sumitomo mitsui trade finance facilitation services asian development bank pakistan vietnam

Sumitomo Mitsui Banking Corporation (SMBC) has signed a risk mitigation pact with the Asian Development Bank (ADB) to help strengthen support for trade involving developing countries in Asia.

Under the agreement the ADB will cover 50% of possible losses...

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