AfDB and U.B.A.F jointly organized in Abidjan a seminar dedicated to international trade finance

A Risk Participation Agreement has been signed between the African Development Bank - AfDB and Union de Banques Arabes et Françaises – U.B.A.F. on the 17th of August 2017.

This agreement is allowing the African Development Bank to participate in selected trade finance transactions originated by U.B.A.F. and related to some African countries.

In the wake of this agreement, a three-day seminar was organized in Abidjan in October 2017 in order to share the experience of U.B.A.F in terms of international trade finance rules and practices as well as the risks associated to this activity.

Participants were coming from around 20 banks representing 10 countries: Benin, Burkina Faso, Chad, Ivory Coast, Gabon, Guinea-Conakry, Mali, Niger, Senegal and Togo.

U.B.A.F. is determined to foster and strengthen its activities in Africa where the bank is already in business relationship with around 120 financial institutions of 30 countries.

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U.B.A.F. S.A. is a French registered bank established in 1970. Its shareholders originate from 19 Arab countries along with Crédit Agricole Corporate & Investment Bank.

With its international network in Asia, in the Arab world and in Europe, U.B.A.F. has become a key player in the area of Trade Finance with Arab countries.

U.B.A.F. is able to meet with the needs of both importers and exporters and to secure the flows of payments and goods from industrial or trade commodity companies.

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