5 trillion, hugely impacting
trade finance to emerging markets and small and medium enterprises (SMEs).
Expected losses have fallen or remained flat, with already low default rates dropping across most products - in line with an uptick in global GDP improving the overall credit profile of
trade finance, it says.
The report confirmed that
trade finance products continue to present banks with low levels of credit risk.
Commenting on the wins, Francois de Maricourt, chief executive officer, HSBC Bangladesh said, 'We are pleased to be recognised by our clients as the country's number one
trade finance bank.
The program consists of 37 participants who undergo extensive training for 6 months to cover various topics including: fundamentals of
trade finance, collection, letters of credit, letters of guarantee, standby credit, structuring trade products, compliance in letters of credit and guarantees, in addition to other aspects and details related to
trade finance operations as well as other technical and professional tools.
Now in its fifth year, the Summit enjoys a reputation for being the most influential
trade finance event in the Kingdom.
Without our partner banks, ADB's
Trade Finance Programme would not close over $3 billion a year in
trade finance market gaps,' said Steven Beck, Head of
Trade Finance at ADB.
It will also serve as a platform to channel more private capital into
trade finance.
Nigeria-based Interswitch Transnational has reached a new deal with Misys to offer
trade finance software to financial institutions.
When crops are purchased from farmers by a middleman the bank loan given to him is often in the shape of
trade finance.
HabibMetro Bank was presented with 'Leading Partner Bank in Pakistan' and 'Leading SME Trade Bank' awards by the Asian Development Bank at the
Trade Finance Program (TFP) 2016 awards ceremony held at Singapore.
Summary: The Islamic
Trade Finance Corporation (ITFC) signed a Memorandum of Understanding (MoU) with Morocco's Attijariwafa Bank.
