Absa granted a $75 million trade finance facility from CDC

Absa granted a $75 million trade finance facility from CDC

The UK development finance institution has selected the South African bank for a new risk sharing facility.

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            ▪ Absa granted a $75 million trade finance facility from CDC

▪ The UK development finance institution has selected the South African bank for a new risk sharing facility.

https://www.africabusinessplus.com/en/799653/absa-granted-a-75-million-trade-finance-facility-from-cdc/

After lending its support to FirstRand, Standard Chartered and Sumitomo Mitsui Banking Corporation, CDC Group has committed a $75m credit line to Absa Group Limited as the banking sector in Africa continues to suffer from the aftershocks of the 2008 financial crisis.

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