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New Delhi [India], April 15 (ANI/PNN): Exim Credit Bank, a UAE-based financial institution, is leading the charge in revolutionizing trade finance for small and medium-sized enterprises (SMEs), importers, and exporters across the world. Joseph R Waryoba, the Senior Portfolio Manager at Exim Credit Bank, is passionate about the bank's mission to provide simple and powerful solutions to overcome the complexities of global trade. The bank's primary objective is to bridge the trade finance gap and offer innovative solutions to customers facing cash flow shortages, compliance issues, and security problems. In collaboration with major financial institutions and investors, Exim Credit Bank aims to provide fresh solutions to the challenges SME customers face. Exim Credit Bank has partnered with governmental and public entities, along with a diverse private sector of Trading, Contracting, Real Estate, Energy-related pursuits, Transportation services, and other Manufacturing activities.
Honeywell Nigeria Plc has been in the news lately over its indebtedness to First Bank Plc. The Central Bank issued a query to the bank last week asking that it recover the loans within 48 hours while also divesting from its equity interest in the company.
Honeywell in turn issued a press release claiming that its First Bank loans are being serviced and that it has paid down the loans by 30% over a two-year period.
“Honeywell Group has continued to meet all its obligations on its facilities with the Bank according to agreed terms and has reduced its exposure by nearly 30% in 2.5 years. The facilities were charged at market rates and the Bank continues to earn significant interest therefrom.”
CLC Islamic Finance expands its reach through new Service Centers
December, 17, 2020
CLC Islamic Finance, the Islamic Banking Division (IBD) of Commercial Leasing and Finance, continuously recognized as an award winning institution at local and South Asian regional levels, has rolled out its island-wide customer outreach initiative with 06 new dedicated customer service centers, called ‘Dedicated Islamic Finance Super Dealer Points (SDPs)’.
Established at strategic locations across the island, SDPs are dedicated one-stop destinations that serve the Islamic financing needs of customers. SDPs will also engage as customer touch points in towns where branches are not located to serve the customers.
The new dedicated Islamic Finance service centers are located at Katuwanwila (Polonnaruwa district), Madurankuliya (Puttalam district) and Madawala (Kandy district). In addition, CLC Islamic Finance has established 04 more SDPs at Akkarapaththu (Ampara), Oddamavady (Batticaloa), Kinniy
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