Bank Mizrahi-Tefahot Providing Credit to Exporters to China

Israeli entrepreneurs in China or exporters to the Asian superpower will be able to receive credit for whole deals signed for 5-15 years with state guarantees from the state foreign trade risk insurance company.

The banks – Mizrahi-Tefahot and China’s Eximbank – will enable Israeli entrepreneurs in China or exporters to country, to receive credit for whole deals signed for 5-15 years with state guarantees from the state foreign trade risk insurance company, according to the Money magazine of Yedioth Ahronoth.

The agreement is part of a financial protocol between the governments of Israel and China designed to stimulate trade between the two countries.

Mizrahi Bank CEO Eldad Fresher said: "The agreement will complement the measures we provide for the finance of trade."