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.