Trade Finance Survey: Despite geopolitical tensions, demand for trade finance is set to grow

More than 60% of respondents to Euromoney’s 2024 trade finance survey expect an increase in use of trade financing over the next three years.

Demand for trade finance can be expected to return this year on the back of renewed market optimism. Anticipated interest rate cuts in the second half of the year should bolster trade finance loan recovery as lower rates enhance the appeal of financing options, encouraging companies to leverage trade finance for their operational needs and to fund expansion, according to Sriram Muthukrishnan, group head of global transaction services product management at DBS.

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