Increasing demand for foreign exchange loans
We asked Citibank how the economic crisis affected their lending practices on the SME market. From their answer we learned that Citibank’s conservative risk management approach made it possible to avoid imposing significant restrictions. Demand for foreign exchange loans increased; since their competitors retreated from this field, Citibank started strengthening these products. However, they only offer these products to those companies which realise substantial export or import turnover in foreign exchange. With their CitiFxPulse service they give an online foreign exchange risk management tool to customers. At the moment Citibank focuses on cutting red tape and bureaucracy, and they also think that enterprises’ tax burden should be lowered.
Related news
Related news
Does food become more expensive because it passes through too many hands? – Tamás Éder spoke about supply chains and the illusion of “shortening”
Many people believe that food prices could be cut if…
Read more >“This is a political product” – The Secretary General of the Hungarian National Confederation of Trade Unions spoke about the margin freeze and the retail crisis
It cannot be justified professionally, but it can remain –…
Read more >Record number of returns: Kifli.hu customers return half a million bottles per month
More than 2.6 million bottles returned in a few months…
Read more >