UK Export Finance (UKEF) has added Bank of Ireland to its panel of affiliated lenders for its trade finance support.
Thus, Bank of Ireland customers will now be able to access government-backed finance to support their export activities. UKEF’s support will take the form of guarantees on working capital loans and contract bonds issued by the Bank, meaning that exporters can access the funds they need to fulfil export contracts.
In the past five years, UKEF says it has supported export contracts worth over £3 billion through its trade finance products, which are designed to help small and medium-sized enterprises grow their overseas sales.