HSBC arranges the first client financing according to the economic support plan



HSBC Bank announced the arrangement of the first financing for customers, according to the targeted comprehensive economic support plan approved by the Emirates Central Bank, to support and stimulate economic activity, within the framework of the state policy to face the consequences of Corona.

The bank announced that the volume of trade supported by it since the beginning of the year until now amounted to about 9.2 billion dollars. In March alone, the volume of trade in food and medical commodities in the Emirates, which the bank supported, amounted to $ 181 million.

It is noteworthy that the economic support plan includes providing financing facilities worth 50 billion dirhams, parts of which were allocated to banks in the UAE, according to criteria approved by the Central Bank.


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