Friday, September 21, 2018

SGBL obtains $100 million financing package from EBRD. Funds aim to support SMEs and foreign trade

Société Générale de Banque au Liban (SGBL) said it has signed a deal for a $100 million financing package from the European Bank for Reconstruction and Development (EBRD).

The package consists of a $50 million credit line which will allow SGBL to provide medium-term funding to small and medium-sized enterprises (SMEs). The package also includes a $50 million trade facility that SGBL will use to support the export and import activity of local businesses as part ...

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