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Euromoney sits down with a top executive of one of the leading emerging market banks. Africa is on his mind. “Did you know,” he asks, “that at the start of this decade something like 50% of trade finance across Africa was provided by international banks? Guess how much they provide today.”
Probably a lot less than 50%, ventures Euromoney. “It’s essentially zero,” he says. “Partly that’s down to regulatory capital treatment of trade finance assets and a hangover from the pull back of banks to home markets that followed the financial crisis.
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