EBRD agrees trade finance loan to Credit Libanais

The European Bank for Reconstruction and Development has signed an agreement with Credit Libanais for the provision of a loan of up to $50 million and a trade finance limit of the same amount. 

The loan will be used for on-lending to small businesses in Lebanon to fund investments which will strengthen their competitiveness.

The trade finance limit will support companies’ efforts to enhance their integration into international and intra-regional trade. 

By joining the EBRD Trade Facilitation Programme, Credit Libanais will gain access to a community of over 100 issuing and 800 confirming banks worldwide, the EBRD says.