Algeria 
Egypt 
Jordan 
Lebanon 
Libya 
Morocco 
Palestine * 
Syria * 
Tunisia EBRD and Quds Bank sign revolving credit agreement under TFP
The European Bank for Reconstruction and Development (EBRD) is expanding its partnership with Quds Bank through a revolving credit agreement under its Trade Facilitation Programme (TFP). The new arrangement will allow Quds Bank to utilise the existing trade finance framework to issue revolving trade loans which can be lent on to sub-borrowers. The new facility is part of the existing US$ 15 million (circa €13.2 million) TFP guarantee line, enabling Quds Bank to provide short-term loans to local importers and exporters based in the West Bank. This enhanced flexibility will enable Quds Bank to better meet the financing needs of local businesses by supporting pre-shipment and post-shipment finance, as well as providing other working capital finance necessary for foreign trade, thereby helping Palestinian businesses to integrate into regional trade and strengthening their resilience. Quds Bank has been an EBRD client since 2019 and is one of the most active banks in the region when it comes to utilising the EBRD’s trade finance lines.
Countries covered:
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Palestine *
