While it has also helped the Soviet Union with foreign exchange, trade finance remained its primary mission until a few years ago.
Its products include business cash management, trade finance, and corporate trust.
Initially, the new branch will deal only with corporate customers, with a focus on cash management and trade finance.
American banks have withdrawn from the field of trade finance.
Foreign currency loans are used extensively in foreign trade finance.
Historically, the commercial parties, particularly banks, have developed the techniques and methods for handling letters of credit in international trade finance.
Corporate executives and consultants who wanted to talk international trade finance sometimes had to talk amongst themselves.
Paris, France controlled by his in-laws which specialized in trade finance between the two countries.
In Florence, prosperity was based on the wool trade, finance and general commerce.
The bank is also active in trade finance, asset management and treasury operations.