[Infostock Daily= Reporter Park Hyo-sun] Shinhan Bank and Hana Bank signed a financial agreement to participate in the $1 billion African Export-Import Bank syndicated loan.

The African Export-Import Bank is a UN' multinational financial institution established for the purpose of revitalizing trade finance in the African continent. 51 of 54 African countries are participating as member countries or shareholders.

It is a financial institution that operates a trade promotion program for the central Bank of Member States or state commercial bank and supports foreign currency liquidity related to trade finance.

Reporter Park hyo-sun hs1351@infostock.co.kr