The collaboration will enable businesses to access customised and structured financial solutions combined with global expertise to meet their evolving needs.
Sunday 07, July 2019 BY KUDAKWASHE MUZORIWA
Etihad Credit Insurance (ECI) has signed an MoU with Emirates NBD’s Corporate Banking division to provide export insurance services to UAE companies, enabling them to advance their global business reach.
Massimo Falcioni, the Chief Executive Officer of ECI, said, “Given our national mandate and Emirates NBD’s expertise, we are confident that we will empower UAE-based exporters and local businesses to expand their footprint regionally and globally.”
In a joint statement, the duo said that the partnership takes a crucial step that will empower UAE-based firms to strengthen their presence regionally and internationally by providing them access to ECI’s comprehensive range of trade credit insurance solutions as well as Emirates NBD’s corporate banking products.
ECI and Emirates NBD’s collaboration will focus on trade credit risk management solutions, export financial tools as well as surety bonds, export financing, SME financing and aircraft financing.
Similarly, the partnership also focuses on corporate financing, bond support and letters of credit confirmation.