MoU signing between Massimo Falcioni (front, left), Chief Executive Officer of Etihad Credit Insurance, and Rola Abu Manneh (front, right), Chief Executive Officer of Standard Chartered Bank, UAE, alongwith the officials from both the organisations
The duo will collaborate in supporting UAE-based exporters through various financing and funding solutions.
Tuesday 19, February 2019 BY KUDAKWASHE MUZORIWA
UAE’s Etihad Credit Insurance (ECI) has partnered with Standard Chartered Bank to provide seamless funding for UAE businesses.
In a statement, Etihad Credit Insurance stated that the partnership will also boost the overall development of the UAE economy.
Massimo Falcioni, the CEO of ECI, said that this partnership will not only assist UAE companies to play vital roles in the continuous development of the UAE economy but also to enter new markets.
The collaboration will provide seamless access to trade credit solutions and funding for UAE businesses which are aiming to establish their presence locally and globally.
“By working closely with ECI, we believe that our unique range of financial solutions and seamless,” added Rola Abu Manneh, the CEO of Standard Chartered Bank UAE.
Additionally, the alliance’s areas of focus include credit risk management solutions, export financial tools as well as surety bonds, export financing and aircraft financing.
ECI and StanChart also said their areas of focus include corporate financing, bond support and letters of credit confirmation.