Kbc bank nv, london branch joins ukef financing scheme
- Select a language for the TTS:
- UK English Female
- UK English Male
- US English Female
- US English Male
- Australian Female
- Australian Male
- Language selected: (auto detect) - EN
Play all audios:
Press release KBC BANK NV, LONDON BRANCH JOINS UKEF FINANCING SCHEME KBC Bank NV, London Branch becomes 10th bank to offer working capital loans accredited by the UK government. KBC Bank NV,
London Branch is the latest lender to join a government scheme supporting UK exporters. The London-based branch of KBC Bank – the largest Belgian bank in its core markets of Belgium, Czech
Republic, Slovakia, Hungary and Bulgaria – is now participating in the General Export Facility (GEF) scheme offered by UK Export Finance (UKEF). Last year alone, UKEF helped businesses to
access over £575 million in working capital loans through this product. This development allows the UK government – working through UKEF – to support with a partial guarantee of those loan
facilities extended by KBC Bank NV, London Branch to UK exporters who are physically present in the bank’s core markets. This creates new financing opportunities for small and medium-sized
UK exporters which are physically present in KBC’s core markets. KBC Bank NV, London Branch is a sector-agnostic lender supporting deals across all industries, with clients ranging from
SMEs to large corporations. It is expected that UKEF will support transactions for debts ranging between £0.5 million - £50 million with a 5-year tenor. Amy Clarke, Head of Short-Term
Business, UK Export Finance, said: > I am very proud of the support we at UKEF, of behalf of the > government, are able to provide for British SMEs through The General > Export
Facility (GEF). In the last year, it has offered over £575 > million in financial support to hundreds of small businesses. “We > want more businesses to have access to this support
from UKEF which > is why I am delighted to announce that KBC Bank NV, London Branch > can now use the scheme towards its existing and future clients. Jason Pratt, Head of Corporate
Banking at KBC Bank NV, London Branch, said: > We are excited to have been accredited by UKEF to offer the General > Export Facility (GEF). It will enable KBC Bank to offer access to
> UKEF supported products to its customer base and thereby open up > further working capital financing options available to our customers > to help them grow their businesses. We
look forward to working with > UKEF and our customers through the GEF scheme. CONTACT Media enquiries: Email [email protected] SHARE THIS PAGE The following links open in a
new tab * Share on Facebook (opens in new tab) * Share on Twitter (opens in new tab) UPDATES TO THIS PAGE Published 25 July 2024