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Emerio Banque is an innovative, reliable, and globally recognized financial institution serving thousands of client’s financial needs with a safe and secure range of Banking and Financial Services. From our Head Office in Bristol and Representative Offices in London, Dubai, Chennai, Bangkok, and Singapore, we cover every possible aspect of financial risk that a client finds it difficult to cope up with. We have a group of highly-experienced, certified, and trained financial professionals capable enough to find a suitable solution according to your needs. We are one of the most demanding and approaching global finance institutions specializing in safe investment options, cutting-edge financial planning strategies, and exceptional client service.

Whether you are required to finance new equipment, accounts receivables, or want to raise your working capital, Emerio Banque can do it all at the best rates. Our phenomenal services include:

● Offshore Banking (Currency Exchanges, Visa Debit Cards Or Prepaid Cards, etc.),
● International Trade Finance Solutions (Import And Export Services, Transferring Funds, etc),
● Bank Guarantee And Letter Of Credit,
● Escrow Services And Many Other Online Banking Services.

We are experts in providing customer-structured finance solutions in all Banking and finance areas as well as strive to be our client’s best financial advisor. Our primary agenda is to offer unbiased opinions especially designed to grow your business wealth and investment results.
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  • Trade Finance Services

    🌐 Unlock Global Trade Opportunities! 🌐

    Emerio Banque provides specialized trade finance solutions to help exporters and importers.

    💼 Letters of Credit (LCs) - Secure transactions

    💰 Export & Import Financing - Optimize cash flow

    🔒 Bank Guarantees - Strengthen contracts

    With Emerio Banque, experience frictionless international trade. We provide specialized trade finance solutions to help importers and exporters around the world. Secure payments are made possible by using irreversible Letters of Credit (LCs) to protect transactions.

    Improve cash flow by bridging payment gaps and quickening your trade cycle with export and import financing. Build trust with your partners by strengthening contractual responsibilities with our dependable Bank Guarantees. Don't let money problems stop you. To learn how our trade finance services can improve your international business endeavors, get in touch with us right now at tradefinance@emeriobanque.com.

    Trade Finance Experts You Can Trust. 💼 https://www.emeriobanque.com/trade-finance-services

    #TradeFinanceServices #GlobalTrade #LettersofCredit #BankGuarantees #TradeFinanceExperts
    Trade Finance Services 🌐 Unlock Global Trade Opportunities! 🌐 Emerio Banque provides specialized trade finance solutions to help exporters and importers. 💼 Letters of Credit (LCs) - Secure transactions 💰 Export & Import Financing - Optimize cash flow 🔒 Bank Guarantees - Strengthen contracts With Emerio Banque, experience frictionless international trade. We provide specialized trade finance solutions to help importers and exporters around the world. Secure payments are made possible by using irreversible Letters of Credit (LCs) to protect transactions. Improve cash flow by bridging payment gaps and quickening your trade cycle with export and import financing. Build trust with your partners by strengthening contractual responsibilities with our dependable Bank Guarantees. Don't let money problems stop you. To learn how our trade finance services can improve your international business endeavors, get in touch with us right now at tradefinance@emeriobanque.com. Trade Finance Experts You Can Trust. 💼 https://www.emeriobanque.com/trade-finance-services #TradeFinanceServices #GlobalTrade #LettersofCredit #BankGuarantees #TradeFinanceExperts
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  • How do specialised Trade Finance companies differ from Banks?

    Exporters are increasingly running into cash flow issues as payment cycles lengthen and more importers seek credit terms on payment. If your funds are held up, you won't be able to pay your vendors on time or stock up on materials for future orders. This could stifle expansion and potential, ultimately detrimental to your export business's success.

    Exporters often use bank loans to bridge this funding gap. However, bank lines are unsuitable for Trade Finance Service due to the following reasons:

    Collateralized:

    When you apply for a loan from a bank, they will want you to provide tangible collateral, such as a piece of property or some machinery. You won't be able to have access to bank lines if you don't have any collateral to put up.

    Limited:

    There is a direct correlation between the value of your fixed assets and the quantity of financing you may get from a bank. However, companies often have sales that are much beyond their fixed assets and need more capital to export their surplus through traditional banking channels. In addition, you'll need access to your locked-up working capital during peak seasons when you may be experiencing additional demand, but banks will only extend your facility.

    Read more: https://emeriobanque.medium.com/how-do-specialised-trade-finance-companies-differ-from-banks-69b096d48843

    #InternationalTradefinance #financialinstitutions #LetterofCredit #BankGuarantee #TradeFinanceService
    How do specialised Trade Finance companies differ from Banks? Exporters are increasingly running into cash flow issues as payment cycles lengthen and more importers seek credit terms on payment. If your funds are held up, you won't be able to pay your vendors on time or stock up on materials for future orders. This could stifle expansion and potential, ultimately detrimental to your export business's success. Exporters often use bank loans to bridge this funding gap. However, bank lines are unsuitable for Trade Finance Service due to the following reasons: Collateralized: When you apply for a loan from a bank, they will want you to provide tangible collateral, such as a piece of property or some machinery. You won't be able to have access to bank lines if you don't have any collateral to put up. Limited: There is a direct correlation between the value of your fixed assets and the quantity of financing you may get from a bank. However, companies often have sales that are much beyond their fixed assets and need more capital to export their surplus through traditional banking channels. In addition, you'll need access to your locked-up working capital during peak seasons when you may be experiencing additional demand, but banks will only extend your facility. Read more: https://emeriobanque.medium.com/how-do-specialised-trade-finance-companies-differ-from-banks-69b096d48843 #InternationalTradefinance #financialinstitutions #LetterofCredit #BankGuarantee #TradeFinanceService
    EMERIOBANQUE.MEDIUM.COM
    How do specialised Trade Finance companies differ from Banks?
    Exporters are increasingly running into cash flow issues as payment cycles lengthen and more importers seek credit terms on payment. If…
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  • 3 Common Types of Trade Finance Products Explained

    There are several definitions of trade finance available online, and the terminology employed is intriguing. It is characterised as a "science" and "an imprecise term covering a variety of different activities." Both are correct, as is the nature of these things. Managing the money required for international trade is a precise science. However, within this science, Trade Finance Service has access to a vast range of tools that affect how cash, credit, investments, and other assets can be used for trade.

    Common Types of Trade Finance Products:

    1. Letter of Credit

    A letter of credit is a payment pledge provided by a bank on behalf of the importing client. It's a common trade finance document that you should be familiar with. Essentially, it is a commitment by the bank to pay the exporter the money within a specified time frame and under the terms and circumstances agreed upon.

    It enables sellers and buyers to mitigate some of the inherent hazards of international trade, including currency fluctuations, non-payment, and economic instability.

    2. Purchase Order (PO) Finance

    Purchase Order (PO) financing is intended for SMEs that are experiencing inefficiency in their cash flow. To put it simply, it gives funds to pay suppliers with the validated purchase order in order to ensure seamless cash flow. It enables firms to accept a huge volume of orders while adjusting the lending basis to match their specific requirements.

    This is especially true for SMEs, who frequently get a significant amount of orders but lack the necessary working capital to process them. That is exactly what it does. Even if the volume of orders reduces, there are no ties, so you can quit using it whenever you want.

    Read more: https://www.emeriobanque.com/blogs/3-common-types-of-trade-finance-products-explained

    #Tradefinance #letterofcredit #BankGuarantee #supplychainfinance #SMEs #internationaltrade
    3 Common Types of Trade Finance Products Explained There are several definitions of trade finance available online, and the terminology employed is intriguing. It is characterised as a "science" and "an imprecise term covering a variety of different activities." Both are correct, as is the nature of these things. Managing the money required for international trade is a precise science. However, within this science, Trade Finance Service has access to a vast range of tools that affect how cash, credit, investments, and other assets can be used for trade. Common Types of Trade Finance Products: 1. Letter of Credit A letter of credit is a payment pledge provided by a bank on behalf of the importing client. It's a common trade finance document that you should be familiar with. Essentially, it is a commitment by the bank to pay the exporter the money within a specified time frame and under the terms and circumstances agreed upon. It enables sellers and buyers to mitigate some of the inherent hazards of international trade, including currency fluctuations, non-payment, and economic instability. 2. Purchase Order (PO) Finance Purchase Order (PO) financing is intended for SMEs that are experiencing inefficiency in their cash flow. To put it simply, it gives funds to pay suppliers with the validated purchase order in order to ensure seamless cash flow. It enables firms to accept a huge volume of orders while adjusting the lending basis to match their specific requirements. This is especially true for SMEs, who frequently get a significant amount of orders but lack the necessary working capital to process them. That is exactly what it does. Even if the volume of orders reduces, there are no ties, so you can quit using it whenever you want. Read more: https://www.emeriobanque.com/blogs/3-common-types-of-trade-finance-products-explained #Tradefinance #letterofcredit #BankGuarantee #supplychainfinance #SMEs #internationaltrade
    WWW.EMERIOBANQUE.COM
    3 Common Types of Trade Finance Products Explained
    Trade finance products can help businesses manage the cost of their imports and exports. Learn about the three most common types of trade finance products.
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  • UK Cities Plans to Lay Out Fintech Hubs To Drive Innovation

    According to the latest reports, various financial innovation hubs will be laid out in cities across the UK and placements on offer at driving fintech firms to students at leading universities as a part of government-sponsored plans.

    The foremost purpose behind establishing these fintechs is to promote financial innovation which will be administered through a new Center for Finance, Innovation, and Technology (CFIT). One of its other agendas will be to operate with the government, regulators and the Bank of England on upgrading rulemaking in the sector.

    City minister Andrew Griffith stated that this initiative would further fuel government efforts to enhance productivity by upgrading skills, and make the UK “a technology and science superpower”. It would be suitable with the “framework of pursuing development in the financial service sector, a genuinely essential sector for growth in the UK economy,” he added.

    Read more: https://www.emeriobanque.com/news/uk-cities-plans-to-lay-out-fintech-hubs-to-drive-innovation

    #FintechHubs #financialinnovation #UKCities #UKeconomy #financialservice
    UK Cities Plans to Lay Out Fintech Hubs To Drive Innovation According to the latest reports, various financial innovation hubs will be laid out in cities across the UK and placements on offer at driving fintech firms to students at leading universities as a part of government-sponsored plans. The foremost purpose behind establishing these fintechs is to promote financial innovation which will be administered through a new Center for Finance, Innovation, and Technology (CFIT). One of its other agendas will be to operate with the government, regulators and the Bank of England on upgrading rulemaking in the sector. City minister Andrew Griffith stated that this initiative would further fuel government efforts to enhance productivity by upgrading skills, and make the UK “a technology and science superpower”. It would be suitable with the “framework of pursuing development in the financial service sector, a genuinely essential sector for growth in the UK economy,” he added. Read more: https://www.emeriobanque.com/news/uk-cities-plans-to-lay-out-fintech-hubs-to-drive-innovation #FintechHubs #financialinnovation #UKCities #UKeconomy #financialservice
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    UK Cities Plans to Lay Out Fintech Hubs To Drive Innovation
    Government-backed financial innovation hubs will be laid out in cities across the UK and will be administered by the new Centre for Finance, Innovation, and Technology.
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  • With the debt of €5.2m Marco Polo Network Operations declared as insolvent!

    Marco Polo Network Operations is the Irish company and appointed administrators as per the declaration of court ruling that declared the company to be insolvent on 22nd Feb 2023. Marco Polo Network proposed to close the strategic deal of $12 million with Bank of America.

    The court heard that Marco Polo Network possesses a debt of €5.2 million and their current liabilities are more than €2.5 million. It is also claimed by Marco Polo Network that the significant investment for making a product to replace the internal account automation of Bank of America. It is a crucial step for investment in Bank of America, as heard by a court ruling.

    After the collapse of we.trade after 9 months, along with Serai, HSBC is also backing the trade platform which is blockchain-based, serious questions are also raised around commercial viability.

    Read more: https://www.emeriobanque.com/news/marco-polo-declared-insolvent-52m-debts

    #BankofAmerica #MarcoPolo #HSBC #investment #tradeplatform #internationaltradefinance #blockchaintechnology
    With the debt of €5.2m Marco Polo Network Operations declared as insolvent! Marco Polo Network Operations is the Irish company and appointed administrators as per the declaration of court ruling that declared the company to be insolvent on 22nd Feb 2023. Marco Polo Network proposed to close the strategic deal of $12 million with Bank of America. The court heard that Marco Polo Network possesses a debt of €5.2 million and their current liabilities are more than €2.5 million. It is also claimed by Marco Polo Network that the significant investment for making a product to replace the internal account automation of Bank of America. It is a crucial step for investment in Bank of America, as heard by a court ruling. After the collapse of we.trade after 9 months, along with Serai, HSBC is also backing the trade platform which is blockchain-based, serious questions are also raised around commercial viability. Read more: https://www.emeriobanque.com/news/marco-polo-declared-insolvent-52m-debts #BankofAmerica #MarcoPolo #HSBC #investment #tradeplatform #internationaltradefinance #blockchaintechnology
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    With the debt of €5.2m Marco Polo Network Operations declared as insolvent!
    With the debt of €5.2m Marco Polo Network Operations declared as insolvent! Marco Polo Network proposed to close the strategic deal of $12 million with Bank of America.
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  • Get Trade Finance Services As A Short Term Working Capital

    A type of financing known as trade finance is created especially to support transactions involving international trade. It gives companies that import and export products and services access to short-term working capital, assisting them in managing the risks involved in international trade. Short-term working cash can be obtained through a variety of trade finance services, including:

    1. Letters of Credit: A letter of credit is a document that, under certain circumstances, a bank issues to a seller of products or services to guarantee payment. This can lessen the seller's risk of not getting paid and give them the working capital they require to complete the transaction.

    2. Documentary Collections: A documentary collection is a payment strategy in which the buyer and seller trade documents and money through the help of banks. Given that the seller can get paid after presenting the required paperwork, this can be a helpful way to get short-term operating capital.

    3. Invoice Financing: Getting short-term working cash through invoice financing entails using invoices as collateral. Businesses that have unpaid invoices that are approaching their due date but require cash sooner to meet their own financial responsibilities may find this to be a useful option.

    4. Supply Chain Finance: Financing the complete supply chain, from raw materials to finished goods, is known as supply chain finance. Given that it offers financing throughout the entire production cycle, this can be a helpful way to acquire short-term working capital.

    In general, trade finance services can be a helpful way for companies involved in international trade to get short-term operating capital. Trade finance enables companies to manage their cash flow and lower the risks involved in cross-border transactions by giving them access to financing that is particularly suited for such transactions.

    Visit us: https://www.emeriobanque.com/trade-finance-services

    #TradeFinanceServices #FinanceServices #SupplyChainFinance #LettersofCredit #DocumentaryCollections
    Get Trade Finance Services As A Short Term Working Capital A type of financing known as trade finance is created especially to support transactions involving international trade. It gives companies that import and export products and services access to short-term working capital, assisting them in managing the risks involved in international trade. Short-term working cash can be obtained through a variety of trade finance services, including: 1. Letters of Credit: A letter of credit is a document that, under certain circumstances, a bank issues to a seller of products or services to guarantee payment. This can lessen the seller's risk of not getting paid and give them the working capital they require to complete the transaction. 2. Documentary Collections: A documentary collection is a payment strategy in which the buyer and seller trade documents and money through the help of banks. Given that the seller can get paid after presenting the required paperwork, this can be a helpful way to get short-term operating capital. 3. Invoice Financing: Getting short-term working cash through invoice financing entails using invoices as collateral. Businesses that have unpaid invoices that are approaching their due date but require cash sooner to meet their own financial responsibilities may find this to be a useful option. 4. Supply Chain Finance: Financing the complete supply chain, from raw materials to finished goods, is known as supply chain finance. Given that it offers financing throughout the entire production cycle, this can be a helpful way to acquire short-term working capital. In general, trade finance services can be a helpful way for companies involved in international trade to get short-term operating capital. Trade finance enables companies to manage their cash flow and lower the risks involved in cross-border transactions by giving them access to financing that is particularly suited for such transactions. Visit us: https://www.emeriobanque.com/trade-finance-services #TradeFinanceServices #FinanceServices #SupplyChainFinance #LettersofCredit #DocumentaryCollections
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  • Global Survey On Digital And Sustainable Trade 2023 By UN

    As per the latest news, the fifth UN Global Survey on Digital and Sustainable Trade Facilitation 2023 has been introduced by the five United Nations Regional Commissions and the United Nations Conference on Trade and Development (UNCTAD).

    This 2023 edition comprises 60 measures, including two new sets of measures on “Trade Facilitation for e-commerce” and “Wildlife Trade Facilitation”, on international e-commerce and the use of electronic CITES grants and certificates.

    It keeps on including measures associated with the arrangements of the World Trade Organization’s Trade Facilitation Agreement covering the agricultural area, small and medium enterprises (SMEs), women traders, and trade finance, as well as crisis measures during times of emergencies.

    The preliminary consequences of the 2023 Survey will be released in July, followed by the final consequences as a Global Report and five Local reports.

    The above-mentioned survey aims to deliver an overview of the development of the execution of measures on digital and sustainable trade facilitation and intuitive data to help nations in growing their national trade facilitation strategies, such as the National Trade Facilitation Roadmap of the Kyrgyz Republic 2021–2025.

    Read more: https://www.emeriobanque.com/news/global-survey-on-digital-and-sustainable-trade-2023-by-un

    #SMEs #UNGlobalSurvey #DigitalAndSustainableTrade2023 #tradefinance #globalsupplychains
    Global Survey On Digital And Sustainable Trade 2023 By UN As per the latest news, the fifth UN Global Survey on Digital and Sustainable Trade Facilitation 2023 has been introduced by the five United Nations Regional Commissions and the United Nations Conference on Trade and Development (UNCTAD). This 2023 edition comprises 60 measures, including two new sets of measures on “Trade Facilitation for e-commerce” and “Wildlife Trade Facilitation”, on international e-commerce and the use of electronic CITES grants and certificates. It keeps on including measures associated with the arrangements of the World Trade Organization’s Trade Facilitation Agreement covering the agricultural area, small and medium enterprises (SMEs), women traders, and trade finance, as well as crisis measures during times of emergencies. The preliminary consequences of the 2023 Survey will be released in July, followed by the final consequences as a Global Report and five Local reports. The above-mentioned survey aims to deliver an overview of the development of the execution of measures on digital and sustainable trade facilitation and intuitive data to help nations in growing their national trade facilitation strategies, such as the National Trade Facilitation Roadmap of the Kyrgyz Republic 2021–2025. Read more: https://www.emeriobanque.com/news/global-survey-on-digital-and-sustainable-trade-2023-by-un #SMEs #UNGlobalSurvey #DigitalAndSustainableTrade2023 #tradefinance #globalsupplychains
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    Global Survey on Digital and Sustainable Trade 2023 by UN
    The five United Nations Regional Commissions and UNCTAD launched a fifth UN Global Survey on Digital and Sustainable Trade Facilitation 2023. Know more.
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  • Supply Chain Finance to Reach USD 13.4 billion by 2031 at 8.8% CAGR

    The supply chain finance market was estimated at $6 billion in 2021 and is forecast to reach $13.4 billion by 2031, developing at a CAGR of 8.8% from 2022 to 2031, as per the latest reports released by Allied Market Research.

    Additionally, the reports contain a comprehensive evaluation of the most favorable strategies, extending market requirements, market size, and estimations, value chain, key investors, leaders & opportunities, competitive scenario, and local landscape. The report will provide vital information to new contestants, shareholders, leaders and investors in presenting important techniques for the future and initiating major steps to reinforce and uplift their position in the market.

    COVID-19 Scenario

    The sudden outbreak of the Covid-19 pandemic had adverse effects on the development of the global supply chain finance market, leading to an increase in remote working activities building an overwhelming task of receiving data from multiple locations & sources for the supply chain finance firms.

    Read more: https://www.emeriobanque.com/news/supply-chain-finance-to-reach-usd-13-4-billion-by-2031-at-8-8-present-cagr

    #supplychainfinance #CAGR #blockchain #tradefinancedivision #globalmarket #LetterofCredit
    Supply Chain Finance to Reach USD 13.4 billion by 2031 at 8.8% CAGR The supply chain finance market was estimated at $6 billion in 2021 and is forecast to reach $13.4 billion by 2031, developing at a CAGR of 8.8% from 2022 to 2031, as per the latest reports released by Allied Market Research. Additionally, the reports contain a comprehensive evaluation of the most favorable strategies, extending market requirements, market size, and estimations, value chain, key investors, leaders & opportunities, competitive scenario, and local landscape. The report will provide vital information to new contestants, shareholders, leaders and investors in presenting important techniques for the future and initiating major steps to reinforce and uplift their position in the market. COVID-19 Scenario The sudden outbreak of the Covid-19 pandemic had adverse effects on the development of the global supply chain finance market, leading to an increase in remote working activities building an overwhelming task of receiving data from multiple locations & sources for the supply chain finance firms. Read more: https://www.emeriobanque.com/news/supply-chain-finance-to-reach-usd-13-4-billion-by-2031-at-8-8-present-cagr #supplychainfinance #CAGR #blockchain #tradefinancedivision #globalmarket #LetterofCredit
    WWW.EMERIOBANQUE.COM
    Supply Chain Finance to Reach USD 13.4 billion by 2031 at 8.8% CAGR
    The supply chain finance market was predicted at $6 billion in 2021, and is now estimated to reach $13.4 billion by 2031, at a CAGR of 8.8% from 2022 to 2031. Read more.
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  • ICC UK Introduces Initiative To Cope Duplicate Finance Fraud

    Recently, the ICC United Kingdom has reported launching a new drive to enhance the UK finance industry against the adverse effects of duplicate financing fraud.

    The Centre for Digital Trade and Innovation (C4DTI)operated initiative will use ICC United Kingdom’s convening abilities to convey this leading project under the C4DTI’s “Shutting Fraudsters out of Trade” workstream in association with MonetaGo.

    Duplicate Financing is defined as a fraudulent act where fraudsters avail multiple funds for the same transaction several times. In the present scenario, a fraudster can visit various banks and get the same transaction financed, without letting the other banks know or having them cross-check with the same.

    Guidelines related to confidentiality inhibit the banks from disclosing or sharing information on deals they have financed with other banks, creating a hopeless situation that fraudsters take advantage of to get funds for the same transaction multiple times.

    Read more: https://www.emeriobanque.com/news/icc-uk-introduces-initiative-to-cope-duplicate-finance

    #DigitalTradeandInnovation #UKfinance #ICCUnitedKingdom #financialservicesglobally #globaltradefinance
    ICC UK Introduces Initiative To Cope Duplicate Finance Fraud Recently, the ICC United Kingdom has reported launching a new drive to enhance the UK finance industry against the adverse effects of duplicate financing fraud. The Centre for Digital Trade and Innovation (C4DTI)operated initiative will use ICC United Kingdom’s convening abilities to convey this leading project under the C4DTI’s “Shutting Fraudsters out of Trade” workstream in association with MonetaGo. Duplicate Financing is defined as a fraudulent act where fraudsters avail multiple funds for the same transaction several times. In the present scenario, a fraudster can visit various banks and get the same transaction financed, without letting the other banks know or having them cross-check with the same. Guidelines related to confidentiality inhibit the banks from disclosing or sharing information on deals they have financed with other banks, creating a hopeless situation that fraudsters take advantage of to get funds for the same transaction multiple times. Read more: https://www.emeriobanque.com/news/icc-uk-introduces-initiative-to-cope-duplicate-finance #DigitalTradeandInnovation #UKfinance #ICCUnitedKingdom #financialservicesglobally #globaltradefinance
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    ICC UK Introduces Initiative To Cope Duplicate Finance Fraud
    The ICC United Kingdom has declared an initiative to curb duplicate financing fraud and boost the UK finance industry against its negative impacts. Know more.
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  • EBID Secures $130m Funding To Curb Trade Financing Gap in Africa

    As per the latest news, the ECOWAS Bank for Investment and Development (EBID) has revealed a dual-currency trade finance credit line worth around $ 130 million.

    The funding will be utilized critically to upgrade food security and build up agricultural value chains across West Africa, the AfDB stated in the declaration issued.

    The granted funds acknowledge the first time it has secured financial support from the African Development Bank (AfDB) which was honored with “Best Multilateral Financial Institution 2021” by Global Finance.

    The AfDB is facilitating $ 50 million and €50 million to the three-and-a-half-year facility, while the People’s Bank of China is giving a further US$ 30 million through Africa Growing Together Fund - a solution provided by the Chinese central bank yet managed by the AFDB.

    According to the AfDB’s head of trade finance, Lamin Drammeh, “Working with the EBID should assist with further developing its access to trade finance in the Ecowas area, which consists of 15 West African nations.”

    Read more: https://www.emeriobanque.com/news/ebid-secures-130-m-dollar-funding-to-curb-trade-financing-gap-in-africa

    #ECOWASBank #AfDB #tradefinance #tradefinancegap #SMEs #EBID #GlobalFinance
    EBID Secures $130m Funding To Curb Trade Financing Gap in Africa As per the latest news, the ECOWAS Bank for Investment and Development (EBID) has revealed a dual-currency trade finance credit line worth around $ 130 million. The funding will be utilized critically to upgrade food security and build up agricultural value chains across West Africa, the AfDB stated in the declaration issued. The granted funds acknowledge the first time it has secured financial support from the African Development Bank (AfDB) which was honored with “Best Multilateral Financial Institution 2021” by Global Finance. The AfDB is facilitating $ 50 million and €50 million to the three-and-a-half-year facility, while the People’s Bank of China is giving a further US$ 30 million through Africa Growing Together Fund - a solution provided by the Chinese central bank yet managed by the AFDB. According to the AfDB’s head of trade finance, Lamin Drammeh, “Working with the EBID should assist with further developing its access to trade finance in the Ecowas area, which consists of 15 West African nations.” Read more: https://www.emeriobanque.com/news/ebid-secures-130-m-dollar-funding-to-curb-trade-financing-gap-in-africa #ECOWASBank #AfDB #tradefinance #tradefinancegap #SMEs #EBID #GlobalFinance
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    EBID Secures $130m Funding To Curb Trade Financing Gap in Africa
    The EBID has announced a $130 million trade finance facility to curb the trade finance gap & improve agricultural value chains across West Africa. Read to know more.
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