Cooperation with Development Banks Cooperation with Development Banks

search

karte_welt

Aiming to support international trade in certain countries, mainly in emerging markets, supranational development banks – such as the European Bank for Reconstruction and Development (EBRD, London), the Asian Development Bank (ADB, Manila), the Inter-American Development Bank (IADB, Washington) and the International Finance Cooperation (IFC, Washington) – have set up special Trade Facilitation Programs.

Commerzbank is cooperating with all important development banks in the Financial Institutions area for many years. The Trade Facilitation Program primarily supports small and medium businesses in their worldwide trading activities.

The programs usually follow the subsequent pattern: First, in a thorough examination, the development banks choose banks from the participating countries, which are considered as eligible. Afterwards, these banks are provided with credit lines by the development banks corresponding to their support programs. Additionally, on the export side, there have been appointed so called affirmative banks, that receive guaranties concerning the Trade Facilitation Programs from the development banks. These guaranties serve as securities for risk relief in case of confirmed letters of credit. Commerzbank has the position of such an affirmative bank.

Support for the Sustainable Development Goals

Top