(MENAFN) Lebanese-based Byblos Bank and the European Bank for Reconstruction and Development (EBRD) penned a USD75 million fund agreement.
Byblos Bank assured that through the agreement, it will enjoy enhanced capacity to offer trade financing products to importing and exporting customers under competitive levels.
The agreement comes in line with the Trade Facilitation Program of which the EBRD commenced.
EBRD director for financial institutions of the southern and eastern Mediterranean region, Mike Taylor stated "we are delighted to welcome Byblos Bank to our Trade Facilitation Program to help strengthen international and regional trade in Lebanon and further support the country's economic growth."
Chairman and General Manager of Byblos Bank noted that the deal "falls within Byblos Bank's overall strategy to support growth and development in Lebanon."
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