EBRD and Quds Bank expand trade finance cooperation with new revolving credit facility - Trade Treasury Payments

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EBRD and Quds Bank expand trade finance cooperation with new revolving credit facility

The European Bank for Reconstruction and Development (EBRD) has expanded its partnership with Quds Bank through the introduction of a revolving credit facility under the Bank’s Trade Facilitation Programme (TFP). The arrangement builds on an existing $15 million guarantee line and aims to unlock new short-term lending opportunities for Palestinian importers and exporters.

Under the updated framework, Quds Bank will be able to provide revolving trade loans, extending working capital support to local firms engaged in cross-border commerce. The facility is designed to address both pre- and post-shipment financing needs, offering greater flexibility to businesses operating in the West Bank.

Francis Malige, the EBRD’s Managing Director for Financial Institutions, said, “We are proud of our strong partnership with Quds Bank. This revolving credit agreement will give Quds Bank greater capacity to provide short-term trade financing solutions, helping Palestinian businesses to navigate the challenges of international trade and contribute to economic development.”

Dureid Jerab, Deputy Chairman of Quds Bank, said, “We are pleased to see our partnership with the EBRD deepen further. This agreement will enable us to offer even more flexible and competitive financing solutions to our clients, support the growth of Palestinian businesses and enhance their participation in regional trade.”

Quds Bank joined the TFP network in 2019 and has since become a key regional participant. Through the programme, the bank has gained access to an international community of over 100 issuing banks and more than 800 confirming banks worldwide. Staff have also benefited from EBRD-supported training on trade finance risk and compliance.

The revolving facility adds a new dimension to the existing cooperation and is consistent with the EBRD’s broader objectives in the West Bank and Gaza, where the institution has invested over €163 million across 32 projects since launching operations in 2017. The majority of this capital has been directed toward private sector development and resilience-building.

The TFP itself, established in 1999, provides guarantees and short-term funding via local financial institutions to facilitate trade in the economies where it operates.