Hibret Bank Secures $50 Million Trade Finance Transaction Guarantee Facility renewing its contract with Afreximbank
Hibret Bank Secures $50 Million Trade Finance Transaction Guarantee Facility renewing its contract with Afreximbank
The trade finance transaction guarantee facility will offer new business opportunities for Hibret Bank and its clients and will strengthen the competitiveness of the bank.
The Trade Facilitation Programme (AFTRAF), Afreximbank approved, is structured to provide L/C Confirmations and other export and import related financial document Services to Hibret Bank.
The trade finance transaction agreement between Hibret Bank and Afreximbank enhances Hibret Banks capability in dealing with the stringent guidelines of International Banks and helps win the trust of clients and international financial partners. Moreover, it will enhance the banks capability in trade finance services.
The agreement, a significant partnership between Hibret Bank and Afreximbank, helps to strengthen access to trade finance and reduce pressure on financial transactions. In addition, it will create a new source of liquidity to Hibret Bank thereby supporting its commercial activities and meet the growing demand of its clients.
The trade finance facility agreement with Afreximbank not only represents substantial injection into Hibret Banks trade finance capabilities but also a testament to the trust placed in Hibret Bank as a major player in economic development and trade facilitation.
Hibret Bank
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