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FRANSABANK signed a loan agreement with DEG (German Investment & Development Company) for Euro 10 million, for five years with one year grace period, and with a floating interest rate of 3.125% above Euribor for 6 months. The Bank intend to use this loan, as in the case of previous loans which it received from both DEG and IFC, in financing private-sector investment projects, especially the small and medium sized enterprises.
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