ODDO BHF, a Franco-German financial group, has joined Proparco’s Trade Finance Guarantee Program as a confirming bank, strengthening its role in international trade finance, especially in Africa. 

This partnership enhances ODDO BHF’s confirmation capabilities through Proparco’s network of issuing banks.

Florian Witt, Divisional Head International & Corporate Banking, Member of Group Business Executive Committee at ODDO BHF, adds: “By joining the program ODDO BHF will expand its financing capacity to the benefit of our clients. This will increase trade finance volumes supporting importers and exporters, even in challenging times, and contribute to stability and growth in global trade.”

This collaboration builds on Proparco and ODDO BHF’s efforts to support international trade, particularly by reducing the trade finance gap. 

By joining the program, ODDO BHF will expand its financing capacity and increase trade finance volumes. 

The partnership aims to support importers and exporters, even in challenging times and emerging markets, contributing to stability and growth in global trade.

ODDO BHF is active in more than 40 countries across Africa. Through its partnership with ODDO BHF, Proparco will continue to expand its presence in East and Southern Africa, leveraging their shared network to strengthen its operations in these regions. 

The partnership will also allow new issuing banks seeking to establish relationships with ODDO BHF to do so, further broadening its network and enhancing its trade finance offering.

Emmanuel Haye, Head of Proparco’s Financial Institutions for Africa and Middle East, said: "Proparco is proud to strengthen its partnership with Oddo BHF by supporting its trade finance activities across Africa. This initiative aligns with Proparco’s strategy to contribute to reduce inequalities and to help bridging the trade finance gap.”