Etihad Credit Insurance (ECI) has signed a Memorandum of Understanding (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.
The MoU was signed by Massimo Falcioni, CEO of Etihad Credit Insurance, and Abdulfattah Sharaf, CEO, UAE and Head of International, HSBC, in the presence of senior officials from the two institutions.
The collaboration between ECI and HSBC underlines ECI'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. This partnership will bring focus on areas that include trade credit insurance tools; corporate financing; a broad range of financing solutions; bond support; exchange of industry trends and market insight; Letters of Credit Confirmations; and insightful workshops and forums, among others.
Massimo Falcioni, 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...