The Export-import Bank of China and Saudi National Bank issue the first cooperative loan
Wooden blocks with the word loan and businessman

China’s state-owned Export-import Bank (“EXIM”) and Saudi National Bank (“SNB”), the largest bank in Saudi Arabia, have issued the first cooperative RMB loan, which will be prioritized to meet the capital needs involving Sino-Saudi trade. This is the first cooperation between EXIM and a Saudi financial institution, which will promote trade and capital flows among the BRI countries.