Mumbai: ICICI Bank Ltd on Thursday signed an agreement for a $200 million line of credit with the Export-Import Bank of Korea, taking the mutual credit line between the two banks to $1 billion.

ICICI Bank, thus, has the largest credit line with the Korean lender, the bank said in a press release.

“This new line of credit would be availed by ICICI Bank through its Hong Kong branch, and can be utilized to finance its corporate clients having business relationships with Korean companies globally as well as joint ventures or subsidiaries of Korean companies," ICICI said.

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