Exim Credit Bank (ECB), one of UAE’s leading financial entities has financed a USD 10 million fiber project, through a Canadian-based company multi-Services BCA Inc. Canada.
The transaction which took place last week has seen the bank being endorsed as one of the most reliable and efficient financial institutions capable of handling high-volume trade for its clients and business partners.
Confirming the transaction to Daily Times, the company acknowledged that ECB financed their telecoms passive products (optical fiber cables, etc) to the tune of USD10 million.
‘We Multi-Services BCA Inc. Canada confirm that we’ve received (LC Number given) since 31st January for our two orders of telecoms passive products precisely fiber cables, fiber accessories, civil work for optical fiber implementation, and others with one of our suppliers in China.
‘We appreciate for ECB to keep financing Multi-Service BCA Inc Canada by providing a line of credit of precisely Ten Million dollars’, said George Poiret Angahi, the company’s president.
Apart from this transaction, the bank which offers various financial services that include lines of credit for both imports and exports has been described as the epitome of professionalism and excellence by its clients who are based locally and abroad.
Multi-Services BCA Inc Canada’s Fiber optic cables
Some of the telecoms passive products financed by ECB: Pic By Daily Times
Meanwhile, the Bank has continued to be on an upward trajectory by providing various financial services to companies, individuals, and governments.
Part of the consignment financed by the ECB: Pic Daily Times
ECB CEO, Mr. Robert Joseph reiterated that apart from financing companies’ cargo to reach their markets, and promoting high-volume trade between governments and the UAE, it also has a range of services counter-made to give the best financial services to its clients.
Over the years, ECB bank has gone on a campaign of fulfilling its corporate social responsibility by donating to African nations.
By Desmond Nleya, Daily Times
