Hibret Bank has renewed a $50 million trade finance transaction guarantee facility with the African Export-Import Bank (Afreximbank), a move set to bolster its trade finance operations and liquidity position..

The facility, provided under Afreximbank’s Trade Facilitation Programme (AFTRAF), offers Letter of Credit (L/C) confirmations and other export-import related financial services. This support helps Hibret Bank meet the rigorous standards of international banking, enhancing trust among its clients and global financial partners.

Through this renewed agreement, Hibret Bank aims to unlock new liquidity sources and ease transactional pressures, allowing it to better respond to the growing demand for trade finance services. The partnership also signals confidence in Hibret Bank’s role as a significant player in Ethiopia’s economic development and trade facilitation efforts.

This partnership signals a strategic boost to Hibret Bank’s commercial operations, expanding its capacity to support Ethiopia’s trade sector amid evolving market conditions.