EBRD issues first trade finance line in Lebanon

The European Bank for Reconstruction and Development is supporting the expansion of international trade in Lebanon for the first time with a $50 million trade finance line to Fransabank.

Fransabank, the country's third-largest lender, will become the first issuing bank in Lebanon under the EBRD's Trade Facilitation Programme. It will provide guarantees and cash advances for the import, export, and local distribution of imported goods.