pakistans-habib-bank-gets-trade-finance-funding

Pakistan's Habib Bank gets trade finance funding

The Pakistani bank is the first to benefit from a joint funding initiative set up by JPMorgan and IFC to boost trade activities and ease the liquidity strain in the region.
PakistanÆs Habib Bank is the first to benefit from a joint funding initiative by JPMorgan and the International Finance Corp, set up to help boost trade activities across Asia-Pacific.

Habib Bank is PakistanÆs largest privately owned bank with a balance sheet of over $10 billion. It has raised a $55 million trade advance to support its corporate clientsÆ international trade activities. The bank was able to refinance a portfolio of trade assets it was holding on its books through JPMorgan. JPMorgan took part of the risk $5 million, while the IFC guaranteed the remaining $50 million.

The funded trade advance forms part of a global trade finance programme GTFP launched by...
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