Media ININ Economy We Trust
Media IN Dubai, 7th-07-2019
Etihad Credit Insurance (ECI), the UAE federal credit insurance company has signed a Memorandum of Understanding (MoU) with the Corporate Banking division of Emirates NBD, a leading bank in the region to provide export insurance services to UAE companies, enabling them to expedite their global business reach.
This partnership 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 and Emirates NBD Corporate Banking’s customised products such as trade finance solutions while including but not limited to trade receivables, discounting, pre-shipment, export funding, surety bonding as well as advisory services.
This cooperation underlines ECI and Emirates NBD’s shared commitment to achieving UAE’s non-oil diversification strategy embodied in the country’s 2021 vision and goals.
The collaboration between ECI and Emirates NBD will focus on areas that include trade credit risk management solutions, export financial tools, surety bonds, export financing, SME financing, aircraft financing, corporate financing, bond support and Letters of Credit Confirmation.
The partnership will enable businesses to access customised and structured financial solutions combined with global expertise to meet their evolving needs.
This allows ECI to leverage Emirates NBD’s institutional relationships, on-ground expertise, strong experience in capital investments and impressive track record in wholesale banking to support the regional and global expansion of local businesses.
