Trade Finance Survey: Trade-bank credit is critical at a risky time

There was a big rise in the number of respondents to Euromoney’s Trade Finance Survey 2024 who received an increase in credit from their trade banks last year – 45.7%, up from 41.8% in 2023.

Francesca Nenci, global head of trade and correspondent banking at UniCredit, suggests 2022 should not be viewed as a ‘normal’ year because corporates were still strongly impacted by the pandemic.

“Naturally it took a little bit of time to understand the final impact of the pandemic on credit deterioration for corporates, so the increase seen in 2023 is more a return to previous levels,” she says.

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