Proshare - Facebook Proshare - Twitter Proshare - Google+ Proshare - Linked In Proshare - RSS Feed

FCMB says $70m IFC loan on track

Proshare

September 30, 2010 12:58AM



First City Monument Bank said on Wednesday it is on track to securing a $70 million loan package from the International Finance Corporation (IFC), the World Bank’s private-sector arm.


Chief Executive Ladi Balogun told an investor conference the loans -- $50 million of straight debt and $20 million of convertible debt -- should be confirmed within the next few days.


http://proshareng.com/investors/company.php?ref=FCMB


Source: NEXT

READ MORE:
Related News