Content-type: text/html CMB supports Italian exports - GTR International trade and export finance
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CMB supports Italian exports

Last Updated June 14, 2012

China Merchants Bank (CMB) has launched an Rmb2bn facility to support ECA-covered Italian exporters.

The deal was signed by CMB and Italy’s export credit agency (ECA), Sace, making a range of trade finance products available to Italian companies wanting to export to China.

The agreement marks the two banks’ collaboration in Rmb and foreign currency financing, project loans, factoring, credit assignment, discounting, letters of credit, guarantees and fundraising for renewable energy projects.

Half of the facility (Rmb1bn) will be reserved for small and medium-sized enterprises (SMEs).



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