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TunisiaThe European Bank for Reconstruction and Development supports trade in Lebanon
December 13, 2018
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Strengthening trade from and within Lebanon, the European Bank for Reconstruction and Development (EBRD) is providing a US$ 75 million trade finance line to Bank Audi, the largest commercial bank in Lebanon and one of the leading regional banks. By joining the EBRD’s Trade Facilitation Programme (TFP), Bank Audi will become the third issuing bank in Lebanon.
The accord will allow Bank Audi to benefit from EBRD trade finance guarantees which cover the political and commercial payment risk of trade transactions. The facility will support regional integration through trade and increased access to finance for importing and exporting firms in Lebanon, especially small and medium-sized enterprises.
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Countries covered:
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Lebanon
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