Trade finance: Ade Ayeyemi (Ecobank) tasks Turkish billionaire Hüsnü Özyeğin’s Credit Europe Bank with loan arrangement
The pan-African banking conglomerate is looking to obtain a $125m loan for its trade finance business.
11/06/2020 at 15h55, by Aurelie Benoit
Over the past few months, a Dutch registered bank has been contacting various development institutions to find funds for Ecobank. Its name: Credit Europe Bank (CEB). Based in Amsterdam, CEB operates in nine European countries and its equity stood at €4.9bn at 31 December 2019, a far cry from the performance of European behemoths like BNP, Santander and Deutsche Bank.
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