Seminar in Beirut

ITFA has conducted a successful education seminar in Beirut in cooperation with the Bank of Beirut.

The training event, which took place at the Radisson Blu Hotel in central Beirut on Thursday 27th May, was sponsored by the Bank of Beirut, one of Lebanon’s largest and most rapidly growing financial institutions. It was attended by 23 delegates drawn from several local banks in Lebanon as well from banks based in Bahrain, Jordan, Syria and Yemen.

Those present were interested to learn as much as possible about forfaiting and how their banks might become involved in the forfaiting market. Some perceived their role as investors in transactions while others saw forfaiting as a logical extension of their letter of credit trade finance business.

ITFA thanks Bank of Beirut for the opportunity to deliver this seminar, for their support and their efficient administration of the event. We look forward to assisting with the further development of forfaiting in the Lebanese market and throughout the region as a whole.