KARACHI: NIB Bank Limited and Asian Development Bank signed a “Trade Finance Guarantee Facility agreement on Thursday at NIB, Head Office, Karachi. Under the agreement, ADB will provide guarantees on international trade finance that NIB conducts with foreign partner banks. Consequently NIB’s customers will enjoy greater access to trade finance through ADB’s Trade Finance Program, allowing them to conduct more overseas trade.
ADB is an international development financial institution, committed to facilitating international trade in Pakistan and ADB’s other developing member countries. Its mission is to end poverty in Asia and the Pacific. ADB’s Trade Finance Program works with over 200 partner banks to provide guarantees and loans to support international trade transactions.
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