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Nigeria's Ecobank is partnering with Brazailian Development Bank in order to develop a fianancial facility that will help Nigerians importing goods from Brazil, The NATION reports.
Ecobank Nigeria has signed a $20 million line of credit with Brazilian Development Bank BNDES.
The facility will address special funding needs of customers and non-customers of Ecobank that import goods from Brazil.
BNDES, also known as National Bank for Economic and Social Development, is one of the largest development banks in the world, with financial net worth of $27.40 billion and total assets of $353.37 billion in 2013.
Executive Director, Corporate Banking, Ecobank Nigeria, Ms Foluke Aboderin, said the partnership was driven by demands from customers and importers requiring competitive financing to purchase products from the international markets, particularly Brazil.
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#Brazil #Nigeria #Ecobank #BNDES
Ecobank Nigeria has signed a $20 million line of credit with Brazilian Development Bank BNDES.
The facility will address special funding needs of customers and non-customers of Ecobank that import goods from Brazil.
BNDES, also known as National Bank for Economic and Social Development, is one of the largest development banks in the world, with financial net worth of $27.40 billion and total assets of $353.37 billion in 2013.
Executive Director, Corporate Banking, Ecobank Nigeria, Ms Foluke Aboderin, said the partnership was driven by demands from customers and importers requiring competitive financing to purchase products from the international markets, particularly Brazil.
click here to read more
#Brazil #Nigeria #Ecobank #BNDES
