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TunisiaThe European Union fosters small businesses and trade in Lebanon
September 20, 2018
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The European Bank for Reconstruction and Development (EBRD) is supporting the Lebanese private sector by providing a financial package of US$ 100 million to Société Générale de Banque au Liban (SGBL), a leading bank in Lebanon, for on-lending to small and medium-sized enterprises (SMEs) and to support export and import activity.
A US$ 50 million credit line will help provide medium-term funding for SMEs in Lebanon and will focus on regional outreach.
The Bank will support Lebanese exporters and importers with a US$ 50 million trade facility to SGBL under the EBRD’s Trade Facilitation Programme (TFP). SGBL is the second issuing bank in Lebanon to join the Programme.
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Countries covered:
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Lebanon
