You are here

Banks still see silver lining in trade financing

Companies are focusing on intra-Asean trade as a way to grow in view of the protracted US-China trade war

It is not alone - HSBC is another bank that saw an improvement in its trade finance business in 2018. Its Global Trade and Receivables Finance division saw a 2 per cent increase in revenue in 2018 from a year ago.


ON THE surface, it might seem like a logical conclusion to make that trade financing volumes are shrinking in line with the global slowdown on the back of the US-China trade conflict.

But some banks are still seeing an uptick in their trade financing business, as...