EBRD partners with QNB ALAHLI to accelerate trade finance digitalisation in Egypt

EGYPT – The European Bank for Reconstruction and Development (EBRD) has partnered with QNB ALAHLI to accelerate the digital transition of trade finance. EBRD achieved the transformation by facilitating three test letters of credit on the digital trade finance network Contour The trial took place with QNB ALAHLI, one of Egypt’s largest commercial banks, acting as issuing bank and the CargoX Platform…

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QNB ALAHLI secures US$50m loan from EBRD for SMEs

EGYPT – The European Bank for Reconstruction and Development (EBRD) is boosting small businesses and green investments in Egypt with a US$50 million loan to QNB ALAHLI, one of Egypt’s largest commercial banks. The loan, which includes US$7.5 million of concessional finance from the Green Climate Fund, will be used for on-lending to households and local small and medium-sized enterprises…

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