In his new role, he will set the strategy for soaring revenues across the commodity trade finance
business in the region, and will similarly deliver the commodity trade finance
platform to Deutsche Bank s commodity traders.
Presenting the project to the Board, the Bank's Financial Sector Development Director, Stefan Nalletamby, said, "We consider SMBCE to be a natural strategic partner for supporting the AfDB's development mandate, initially starting with this intervention within the trade finance
By contrast, 79 per cent of the trade finance
transactions for larger corporates are accepted.
The Arab Bank's 600 branches around the world allows it to provide banking solutions to local exporters and importers, and regional and international companies that require trade finance
services, Al-Sadek said.
The full list of winning deals is disclosed below and with more detailed information and stories on the deals being released in the next issue of Trade Finance
The bank's diverse geographical distribution in 30 countries and over 600 branches allows it to provide financial solutions for local importers and exporters, as well as multi-national companies that require trade finance
facilities that span jurisdictions," Arab Bank's senior vice-president and head of cash management and trade finance
Nadya Talhouni said.
Our error-sensitive trade finance
e-form has been a year in the making and we are pleased to see it being rolled out today.
In MENA and OIC in general, the Islamic trade finance
sector has been supported by Islamic Development Bank (IDB), a leading multilateral development agency.
Krishnakumar Duraiswamy - Head of Trade Finance
, at ADCB said, "The Awards for Excellence by Trade Finance
is one of the most prestigious awards in the industry.
Now more than ever, the availability of trade finance
at reasonable prices is crucial to the health of the global economy.
In the survey, conducted in the fourth quarter of 2012, 138 companies said that a 5% increase in trade finance
support would result in an increase of production levels by 2%, and staffing by another 2%, underscoring the strong links between trade finance
, economic growth, and job creation.
Under the trade finance
services agreement, JP Morgan will provide APICORP with trade finance
processing support, including internet-based technology, and access to trade finance
services from a global network of branches.