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Garanti Bank to expand its trade finance operations

2012-05-04 13:42:13

Garanti Bank is expanding its trade finance operations, especially on agriculture, energy and metallurgy segments, as a result of contracting a credit line worth USD15 million from International Finance Corporation (IFC), in the Global Trade Finance program. Through this partnership, Garanti Bank and IFC aim to support the development of Romanian companies, offering full or partial guarantees  in international trade. In the last two years, trade finance activity of Garanti Bank has increased  vigorously with both corporate business and one for SMEs. In this respect, the bank's portfolio comprises mainly Romanian companies in various sectors such as manufacturing machinery,  equipment and electrical, textiles and metallurgy.



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