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Fransabank represented by its Deputy Chairman Mr. Adel Al-Kassar signed a new revolving credit line agreement worth USD 15 million with Arab Trade Finance Program (ATFP) represented by its Chairman Dr. Jassem Al-Mannai. The Agreement was signed during a press conference held at Fransabank’ headquarters. The new credit line aims at encouraging trade exchange between Lebanon and the Arab World.
It is worth mentioning that the amount of credit lines used by Fransabank from ATFP amount to USD 105 million and have been used to support the export and import sectors in Lebanon in the context of inter-Arab trade relations. This closely aligns with the mission and strategy of Fransabank which continuously opts at the development of the Lebanese national economy on balanced and sustainable grounds, and help achieve a regional development while having a valid input towards the creation of a unified Arab market.
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