Ngulminthang Lhanghal - Financial Expert

National Bank of Kuwait (NBK) was named “Best Trade Finance Bank in Kuwait for 2022” in the annual survey of Global Trade Review (GTR), a magazine specializing in global emerging markets and trade, commodity finance and transaction banking. GTR selected NBK as one of the leading banks in the Middle East and North Africa (MENA) region in the trade finance sector, based on customer and market-specialized institution surveys conducted around the world. The GTR Leaders in Trade awards recognize excellence in the trade, commodity, supply chain and export financing, and well as FinTech markets. By receiving this award, NBK demonstrates its leadership in financing mega deals and projects, benefiting from its strong balance sheet, extensive experience, in addition to the exceptional and sustainable relations with its clients both locally and internationally. Read more: https://ngulminthanglhanghal.mystrikingly.com/blog/nbk-named-best-trade-finance-bank-in-kuwait-for-2022

The European Bank for Reconstruction and Development (EBRD) has unveiled fresh trade finance support for businesses affected by Russia’s invasion of Ukraine, both in the war-ravaged country and neighbouring nations. As the conflict approaches its fourth week, the EBRD has announced a €2bn resilience package and says various forms of financial aid will be made “rapidly available” to Ukrainian businesses. These include payment deferrals, emergency liquidity finance, trade finance, and potentially even help for companies looking to relocate. An EBRD spokesperson tells GTR there is no specific amount earmarked for trade finance purposes, but the lender will weigh up demand from partner banks and the “obviously the level of risk of each proposed transaction”. They add the new trade finance lines will boost imports of fuel, medicine and other important goods, with financing disbursed through Ukrainian commercial banks who will on-lend to their clients. The move follows a proposal by the EBRD...