Banks still see silver lining in trade financing

Singapore

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 companies focus on intra-Asean trade as a way to grow in spite of the protracted US-China trade war. Businesses are turning to banks for more trade financing solutions to either build alternative production lines or to expand their supply and distribution networks in the region.