TEL AVIV, May 23 (Reuters) - Citibank (C) will provide El Al Israel Airlines [ELAL.UL] with a loan of $118 million to finance the purchase of a fourth Boeing 777-200 jet, the Globes financial daily reported on its Web site on Thursday. The loan, which El Al will receive on Friday, will be for 12 years and bear interest of Libor plus 0.7 percent annual expenses, Globes reported. ©2002 Reuters Limited.