"Czech Republic is planning to allocate a credit line
of e1/4100 million to support Iran's infrastructure projects," Cumba said on Sunday.
Rami Nemer, the chairman and general manager of First National Bank, also hailed the credit line
agreement with EIB.
350 million euros have already been provided from the European Investment Bank, which is the largest credit line
ever approved to the country.
New credit lines
to "deep subprime'' owners -- those with the worst credit histories -- topped out above $30,000 in the second quarter.
vary in amount, ranging from thousands to hundreds of thousands of dollars.
Meanwhile, Rostelecom will open a three-year credit line
worth RUB8.5bn at Nordea Bank at a rate of 3.25% over one-month MosPrime.
Bank of America Corp (NYSE: BAC) (BoFA) has announced that it has cut off Countrywide Financial customers' home equity credit lines
firms to utilize their productivity advantages, but they can't get the credit lines
to do just that.
"If it were not available, they would have to use their bank credit lines
, which they use for normal business operation.
Fundamental business problems, like undercharging, poor job cost accounting, or overdue receivables, are not good reasons to tap into a credit line
. "It's easy money--like a credit card--and can sometimes be used as a crutch," Halt says.
To take one recent example, Leader assisted a small Brazilian company in increasing its trading volume from $5 million to $80 million and raising its international credit lines
from $100,000 to $8 million in just five years.