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Asian trade finance navigates choppy waters
28 July 2009
The trade finance market in Asia has been volatile, yet Deutsche Bank’s operations in the region are proving resilient to the downturn, says Shivkumar Seerapu, Head of Trade Product Management Asia at Deutsche Bank, Singapore.
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Asia trade finance
Deutsche Bank supply chain
Shivkumar Seerapu
Trade product management
Deutsche Bank Singapore
Despite the crisis in financial markets and the subsequent economic downturn, Deutsche Bank’s trade finance business in Asia has been largely undisrupted. The Bank’s trade finance revenues in Asia grew by 70% in 2008 and growth momentum in 2009 looks equally encouraging. Our trade finance strategy in Asia is focused on top-tier corporates and financial institutions.
The impact on these segments has been less severe – despite the slight dip in transaction volumes due to reductions in imports and exports in most key Asian economies. In terms of outlook, we expect to see trade stabilise in the near term with recovery beginning in late 2009 or early 2010.
While the Asian trade finance market has not been as badly impacted by the current economic climate as other regions, steps have been taken to boost trade finance in Asia. One set of initiatives that have helped are the stimulus packages...
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