ATFP brochure - Arab Trade Financing Program

ARAB TRADE FINANCING PROGRAM
ARAB TRADE FINANCING PROGRAM
SYNOPSIS
The Arab Trade Financing Program (ATFP) is a
specialized regional Arab financial institution with a
mission to contribute to the development of Arab trade,
and to the increase of the competitive capabilities of the
Arab producers and exporters.
ESTABLISHMENT
ATFP was established in 1989, the
authorized capital amounts to US$ 1 billion.
The program’s 53 Shareholders include Arab Monetary
Fund, multilateral Arab financing institutions, public
and private financial and banking institutions in member
countries, as well as joint Arab-foreign financial and
banking institutions.
DOMICILE
ATFP is domiciled in Abu Dhabi - United Arab Emirates, where it has been granted privileges and
immunities pursuant to a special protocol.
OBJECTIVES & MEANS
ATFP aims at contributing to the promotion of trade exchanges of commodities of Arab origin
through the provision of a financial facility. Concurrently, ATFP extends services tailored to
meet the requirements of the Arab exporters and to increase their competitiveness in existing
and potential markets. Through its National Agencies located in the Arab region, the Program
provides refinancing facilities at convenient costs and suitable tenors for eligible trade
transactions. Additionally, ATFP provides a wide range of information on Arab trade to all parties
engaged in this activity through the Intra Arab Trade Information Network (IATIN). ATFP also
attempts to promote Arab trade through the execution of an ongoing program of Buyers & Sellers
Meetings in key economic sectors that demonstrate a potential for growth in trade for Arab
countries.
TRADE FINANCE
Eligible Trade Transactions
ATFP provides financing facilities for eligible trade transactions of goods of Arab origin and
associated services. Goods shall be considered eligible for ATFP financing if produced or
manufactured in an Arab country from primary resources and other domestic components of
production originating in that country, or in any other Arab country, or where the value added
in an Arab country is at least 40% of the value of the goods. ATFP can also finance imports
of capital goods essential for production from non-Arab countries.
National Agencies
ATFP provides its financing
services through its network
of National Agencies which
are primarily banking and
financial institutions spread
throughout the Arab region
and appointed by arrangement
with the indigenous monetary
authorities.
Financing Method
Through lines of credit extended by the Program to its
National Agencies, ATFP refinances Arab exports to Arab
or non-Arab countries. Refinancing of credits for imports
is presently extended to imports from Arab countries, and
imports of capital goods essential for production from nonArab countries. The program has also introduced Islamic financing through Murabaha and
Mudaraba facilities, and provides guarantees for eligible trade transactions. ATFP will also
consider participating in forfaiting transactions meeting its eligibility criteria.
Types of Credit
ATFP refinances various types of credits extended by the National Agency to the exporter or
importer in an eligible transaction, and this may include pre-export credits, post-shipment
credits, buyers’ credits and import credits.
Pricing & Tenors
While ATFP provides its refinancing facilities at competitive pricing, the tenors of the refinancing
are convenient and are guided by the type of commodity involved. The maximum tenor for
transactions involving consumer goods is 12 months, while for raw materials it is 18 months,
24 months for intermediary goods and 60 months for capital goods.
TRADE FINANCE (continued)
Applying for ATFP Credit
The exporters or importers eligible for ATFP refinancing may
utilize the facilities of ATFP by contacting any of the National
Agencies of the Program which would in turn apply to ATFP
for the refinancing of the credit allocated to the customer.
TRADE INFORMATION
Intra Arab Trade Information Network
(IATIN)
Cognizant of the fact that the
availability of reliable and
updated information could
be a decisive factor in the
successful completion of trade
deals, ATFP has, through a joint project with the UNDP, and in technical cooperation
with the International Trade Center (ITC) in Geneva, set up the Intra Arab Trade Information
Network (IATIN) with the goal of providing relevant information on Arab trade to all parties
concerned.
IATIN has its central core at ATFP’s headquarters in Abu Dhabi. The core is connected to reliable
global data banks, in addition to regional focal points including Chambers of Commerce and
Industry and Export Promotion Centers in Arab countries. The focal points feed the necessary
updated information on Arab trade and market in the relevant country to IATIN’s central core
which processes the information and disseminates it to interested parties on an online basis.
Information Services
A wide array of services are made available by IATIN with the goal of providing comprehensive
information on Arab trade. This includes key contacts of manufacturers, exporters, importers
and goods traded. Market profiles on the individual Arab countries are available, and comprise
of entry regulations, free trade areas, foreign exchange systems, storage, shipping and
transportation facilities as well as other logistical information. Foreign and Inter-Arab trade
statistics for the various Arab countries are also available through the network. Additionally, the
Arab trader can make use of an online business opportunities database to post or retrieve Arab
business opportunities (trade leads) in order to initiate trade among interested parties.
IATIN’s Web Site
The services of IATIN are made available through ATFP’s Internet Site at www.atfp.org.ae.
Furthermore, IATIN also handles queries received from interested parties through the various
communication channels.
TRADE PROMOTION
Studies on trade flow analysis related to the
Arab region have identified a number
of key sectors with a potential
for growth in trade between
Arab countries. The sectors
include
food
industries,
agricultural products, metal
industries,
chemical
&
petrochemical industries,
pharmaceutical industries,
plastic
industries and
building & construction
materials. ATFP focuses its
efforts in the field of trade
promotion on such sectors.
ATFP organizes buyers & sellers
meetings between parties involved
in Arab trade based on a specific
methodology in selecting the targeted sector and
the location of the meeting. In collaboration with the Chambers of Commerce & Industry, the
Export Promotion Centers, and the related business associations in Arab countries, the relevant
participating parties in the planned meetings are identified and invited to the event.
The selection of the participating companies is followed by a match-making process whereby
a schedule of bilateral meetings is prepared for each participant for the duration of the event.
Chambers of Commerce & Industry, Export Promotion Centers, ATFP’s National Agencies,
transportation & insurance firms, as well as relevant regional and international organizations are
also represented in the meeting. The aim is to provide an environment conducive to promoting
trade exchanges and ATFP, would also consider any resulting trade transaction that is eligible
for financing.
CONTACT ADDRESS
For further information, please contact ATFP Headquarters in Abu Dhabi - UAE or any of ATFP’s
National Agencies in your country.
P. O. BOX : 26799 - ABU DHABI, UNITED ARAB EMIRATES
TEL.
: +971 2 6316999
FAX
: +971 2 6316299 / 6316793
E-MAIL
: [email protected]
WEBSITE
: www.atfp.org.ae
NATIONAL AGENCIES
COUNTRY
NATIONAL AGENCY
JORDAN
Jordan Dubai Islamic Bank
Arab Bank P.L.C.
Arab Banking Corporation (Jordan)
Central Bank of Jordan
The Housing Bank for Trade & Finance
Bank of Jordan
Capital Bank of Jordan
Investbank
Jordan Ahli Bank
Jordan Kuwait Bank
Egyptian Arab Land Bank
Jordan Commercial Bank
Cairo Amman Bank
Ministry of Finance
Jordan Islamic Bank
Emirates NBD Bank
UNITED ARAB EMIRATES
First Gulf Bank
El-Nilein Bank – Abu Dhabi
Banque Misr
(Gulf Branches Regional Office)
Mashreq Bank
Union National Bank
Arab Bank – Abu Dhabi
Abu Dhabi Commercial Bank
Citibank – Dubai
Al Ahli Bank of Kuwait KSC - Dubai
National Bank of Abu Dhabi
Abu Dhabi Islamic Bank
National Bank of Fujairah P.S.C.
Bank of Baroda
Bank of Sharjah
Commercial Bank of Dubai
June/2016
COUNTRY
NATIONAL AGENCY
Noor Islamic Bank
Standard Chartered Bank
National Bank of Kuwait S.A.K. - Dubai Branch
BAHRAIN
National Bank of Bahrain BSC
Bahrain Development Bank B.S.C.
Arab Banking Corporation (B.S.C.)
The Arab Investment Company (S.A.A.)
(Wholesale Bank)
Bank of Bahrain And Kuwait (B.S.C.)
Al-Ahli United Bank (B.S.C.)
Gulf International Bank (B.S.C.)
United Gulf Bank B.S.C.
Al Baraka Banking Group
Bahrain Islamic Bank
ICICI Bank Limited (Bahrain Branch)
Al-Baraka Islamic Bank
Al Salam Bank Bahrain B.S.C.
TUNISIA
Banque Centrale de Tunisie
Societe Tunisienne de Banque
Banque Internationale Arabe de Tunisie
Banque Nationale Agricole
Arab Tunisian Bank
Amen Bank
Attijari Bank
Arab Banking Corporation (Tunisie)
Al Baraka Bank - Tunisia
Banque de l’Agriculture et du Developpment Rural
ALGERIA
Banque Nationale d’Algerie
June/2016
COUNTRY
NATIONAL AGENCY
Banque Exterieure d’Algerie
Credit Populaire d’Algerie
Banque de Developpment Local
Arab Banking Corporation (Algeria)
The Saudi Investment Bank
SAUDI ARABIA
Riyad Bank
The National Commercial Bank
Arab Petroleum Investment Corporation (APICORP)
Bank Al-Jazira
International Islamic Trade Finance Corporation (ITFC)
SUDAN
El Nilein Bank
Omdurman National Bank
Animal Resources Bank
Sudanese French Bank
Saving & Social Development Bank
Financial Investment Bank
Workers National Bank
Islamic Co-operative Development Bank
Al Baraka Bank Sudan
Byblos Bank Africa
Arab Authority for Agriculture Investment
and Development
United Capital Bank
National Agency for Insurance & Finance of Exports
Al Salam Bank – Sudan
Al Jazeera Sudanese Jordanian Bank
Bank of Khartoum
The Central Bank of Sudan
Al Shamal Islamic Bank
Saudi Sudanese Bank
Arab Sudanese Bank
June/2016
COUNTRY
NATIONAL AGENCY
Export Development Bank (Sudan)
Ministry of Finance & Economic Planning
Arab Bank for Economic Development in Africa (BADEA)
SYRIA
Commercial Bank of Syria
The International Bank for Trade and Finance
Byblos Bank Syria S.A.
Arab Bank Syria S.A.
Audi Bank – Syria S.A.
IRAQ
Rafidain Bank
Rasheed Bank
Trade Bank of Iraq
Commercial Bank of Iraq
Kurdistan International Bank for Investment
and Development
National Bank of Iraq
OMAN
National Bank of Oman (S.A.O.G.)
Oman Development Bank (S.A.O.G.)
Bank Muscat (S.A.O.G.)
Bank Dhofar (S.A.O.G.)
Oman International Bank (S.A.O.G.)
Oman Arab Bank (S.A.O.G.)
Bank Sohar (S.A.O.G.)
Ahli Bank (S.A.O.G.)
QATAR
Al Ahli Bank Q.S.C.
The Commercial Bank of Qatar Q.S.C.
Doha Bank Q.S.C.
June/2016
COUNTRY
NATIONAL AGENCY
Qatar Development Bank Q.S.C.
Qatar National Bank Q.S.C.
Qatar Islamic Bank
Qatar International Islamic Bank
Masraf Al Rayan
Barwa Bank
KUWAIT
The Gulf Bank
National Bank of Kuwait
Commercial Bank of Kuwait
Al-Ahli United Bank - Kuwait
Burgan Bank
Al Ahli Bank of Kuwait
Boubyan Bank
Kuwait International Bank
The Arab Investment and Export Credit Guarantee Corporation (Dhaman)
LEBANON
Credit Libanais S.A.L.
BLOM Bank S.A.L.
Byblos Bank S.A.L.
Fransabank S.A.L.
Bank of Beirut S.A.L.
Banque Libano-Francaise S.A.L.
Banque Audi S.A.L. Audi Saradar Group
Lebanon & Gulf Bank S.A.L.
First National Bank S.A.L.
Jamal Trust Bank S.A.L.
Syrian Lebanese Commercial Bank S.A.L.
Banque du Liban
June/2016
COUNTRY
NATIONAL AGENCY
Ministry of Finance
IBL Bank S.A.L.
Bank Bemo S.A.L.
Societe Generale de Banque au Liban
Bank of Beirut & the Arab Countries S.A.L.
BLC Bank S.A.L.
Credit Bank S.A.L.
Bank Med S.A.L.
Arab Finance House S.A.L.
Lebanese Islamic Bank S.A.L.
Emirates Lebanon Bank S.A.L.
Middle East & Africa Bank S.A.L.
Citibank, N.A. Lebanon
Banque de Credit National S.A.L.
Al-Baraka Bank S.A.L.
LIBYA
Libyan Foreign Bank
Bank of Commerce & Development
The Agricultural Bank
Gumhouria Bank
EGYPT
Export Development Bank of Egypt
Banque Misr
National Bank of Egypt
Bank of Alexandria
Misr Iran Development Bank
Commercial International Bank (Egypt)
Arab Banking Corporation – Egypt
Qatar National Bank Al Ahli - Egypt
(Formerly National Societe Generale Bank)
Arab Investment Bank
June/2016
COUNTRY
NATIONAL AGENCY
Ahli United Bank (Egypt)
Abu Dhabi Islamic Bank - Egypt
(Formerly National Bank for Development)
Suez Canal Bank
Banque du Caire
Societe Arabe International de Banque
Arab African International Bank
National Bank of Kuwait - Egypt
(Formerly Al Watany Bank of Egypt)
Central Bank of Egypt
Al Baraka Bank - Egypt
(Formerly Egyptian Saudi Finance Bank)
Banque Audi S.A.E.
Union National Bank Egypt
Arab International Bank
BLOM Bank Egypt S.A.E.
MOROCCO
Banque Marocaine du Commerce Exterieur
Banque Centrale Populaire
Attijariwafa Bank
Ministry of Economy and Finance
Societe Generale Marocaine de Banques
MAURITANIA
Banque Mauritanienne pour le Commerce International
Bank Nationale de Mauritanie
Generale de Banque de Mauritanie
(Investment & Commerce)
Banque pour le Commerce et I’Industrie
Banque Al-Wava Mauritanienne Isalamique
Banque Al Amana pour le Developpement et
le Logement
Banque Centrale de Mauritanie
June/2016
COUNTRY
NATIONAL AGENCY
YEMEN
The Yemen Bank for Reconstruction And Development
Yemen Commercial Bank
International Bank of Yemen
Arab Bank P.L.C.
National Bank of Yemen
The Yemen Kuwait Bank for Trade & Investment
Tadhamon International Islamic Bank
Cooperative & Agricultural Credit Bank
PALESTINE
Palestine Investment Bank
Al-Quds Bank for Investment & Development
The Arab Bank P.L.C.
Palestinian Banking Corporation
FRANCE
Union de Banques Arabes et Francaises – U.B.A.F.
MALTA
First International Merchant Bank P.L.C.
British Arab Commercial Bank
UNITED KINGDOM
Jordan International Bank P.L.C.
National Bank of Egypt (UK) Limited
BRAZIL
Banco ABC Brasil S.A.
BELGIUM
Byblos Bank Europe S.A.
June/2016