Tuesday 01, December 2009 by

ICIEC pays $1.5 million as indemnity to two banks in Lebanon

ICIEC has paid the claim due to the default of payment by the Egyptian buyer. The two banks benefited from the indemnity as financiers for the export transaction since they were the designated "Loss Payee's" entitled to receive any compensation in case of default in the transaction.

Features & Analyses

Commercial Banking Ready, set, grow

KCB has set its sights on continental growth and innovative avenues of business, says Group CEO Joshua Oigara. read more