EBRD agrees $75m trade finance line to Lebanon's Bank Audi
The European Bank for Reconstruction and Development is providing a US$75 million trade finance line to Bank Audi, the largest commercial bank in Lebanon.
By joining the EBRD's Trade Facilitation Programme, 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.