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BBK confirms participation in $515m loan

BBK confirms participation in $515m loan
Photo Credit: Arabianeye-Reuters
BBK
BBK
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Mubasher: Bank of Bahrain and Kuwait (BBK) confirmed providing a credit facility included in a loan worth a total of $515 million, according to a bourse statement issued on Monday.

Last week, a website said that Bahrain National Gas Expansion Company, a fully owned by the National Oil and Gas Authority (NOGA), obtained a loan worth $515 million from a consortium of local and regional banks, including BBK.