BIAT Announces $50 Million Trade Finance Guarantee with African Development Bank
As part of its strategy to develop external trade and support Tunisian businesses, BIAT is pleased to announce a $50 million trade finance guarantee agreement with the African Development Bank (AfDB).
This guarantee line aims to consolidate BIAT's counterparty lines with its banking correspondents, enhancing support for clients operating internationally and facilitating the issuance of trade finance instruments on a larger scale and geographic coverage. Specifically, it targets the importation of equipment and technology goods, such as agro-industry, light industry, telecommunications, and renewable energy.
Through this initiative, BIAT reaffirms its role as a reference actor in financing the national economy. It enables clients, including SMEs, large enterprises, and women-led businesses, to access international financing solutions under optimized conditions.
This strategic partnership is fully in line with BIAT's approach, which makes international trade development one of its major intervention axes. On this occasion, Elyes Jebir, BIAT's General Manager, highlighted that "this guarantee will consolidate BIAT's role as a trusted intermediary for its international clients, providing them with expanded access to global markets and supporting them in securing their transactions."
Thanks to this partnership, BIAT confirms its commitment to accompany its clients in their development projects, offering innovative, secure, and adapted financial solutions to support their international growth.
About the African Development Bank's Trade Finance Guarantee:
The trade finance guarantee is one of the financing instruments implemented by the African Development Bank to support commercial banks in Africa. Launched in 2021, it covers a variety of trade finance instruments, including confirmed letters of credit, commercial loans, irrevocable reimbursement commitments, avalized bills, and promissory notes, among others. The facility is available to all registered and operating banks in Africa that have undergone the bank's due diligence process.
