Tuesday, 10 December 2024

Kingdom of Saudi Arabia mitigates customer risk and enhance access to financing

5 min read

By The Asian Banker

Amid efforts to diversify from oil, BSF  expanded its non-oil export customer base through targeted client management and structured financial solutions. Partnering with sovereign and multilateral financial institutions, the bank improved access to funding and offered favourable credit terms for high-risk and emerging regional markets. It introduced alternative currency structures to help clients manage trade flows effectively in non-sanctioned regimes. These initiatives led to an 18% increase in new trade finance customers and over 10% revenue growth. For mitigating customer risk and enhancing access to financing, the award for Best Trade Finance Bank in the Kingdom of Saudi Arabia is BSF. 



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