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19 December 2019
BUSINESS

ECI, HSBC partner to support UAE businesses

The partnership will focus on trade credit insurance tools, corporate financing as well as a broad range of financing solutions, bond support and exchange of industry trends and market insight.

iStock/whitemay

by Kudakwashe Muzoriwa

UAE’s Etihad Credit Insurance (ECI), has signed an MoU with HSBC to help UAE businesses and exporters access global markets, which will give them a platform for sustainable growth and development over the long-term.

Massimo Falcioni, the CEO of ECI, said, “ECI has a well-defined objective to contribute to the sustainable growth and development of the country’s non-oil sectors and enhance the export reach of UAE goods and services.”

ECI stated that the collaboration between underlines the UAE Federal Export Credit company’s mandate to manage risks associated with trade expansions regionally and internationally by offering a broad range of trade export finance and insurance solutions to UAE businesses in exploring new marketplaces.

“We have supported the UAE’s economic development ever since and, as the world’s leading international bank, we look forward to working closely with ECI to help UAE exporters reach more customers around the world,” said Abdulfattah Sharaf, the Group General Manager, Chief Executive Officer, UAE and Head of International, HSBC Bank Middle East.


RELATED STORIES: Etihad Credit Insurance HSBC

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