EBRD agrees $75m trade finance limit with Byblos Bank

Trade activities of Lebanese businesses will receive a boost from a trade finance limit of up to $75 million to the country’s third-largest lender, Byblos Bank, by the European Bank for Reconstruction and Development.

The facility will help Byblos to diversify its trade finance business, increase available limits and offer longer-term maturities to its customers. 

By joining the EBRD Trade Facilitation Programme, Byblos Bank will gain access to a community of over 100 issuing and 800 confirming banks worldwide, expanding its corresponding banking network and international business opportunities.