The Asian Banker

Are global banks dead or just refocusing on home markets?
Juultje van der Wijk, global head of trade finance services at ING Group, feels that banks will focus on their home markets and areas where they have a strong foothold.

Nov 12, 2012 | Baron Laudermilk

Recently, we have been seeing banks step back and rethink their offshore strategies as the world's economy continues to struggle and new regulations bring new challenges. This has clearly caused global banks to spend more time on their home markets where they have a strong foothold in, and forced a rethink of future expansions and areas where they are vulnerable. Juultje van der Wijk, global head of trade finance services at ING Group, said that ING and other international banks are going to choose the markets that they invest in more cautiously and abandon those that they are weaker…

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Categories: Islamic Banking, Retail Banking, SME Banking, Trade Finance, Transaction Banking, Wealth Management
Keywords: ING Group, Juultje van der Wijk, HSBC, Bank of Beijing, Hiromasa Nagamine, SMBC, Vagner Vichiesi, Banco Do Brazil, Albert Yu, BMO, BofA
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