Tag: Germany

Delivering a Digital Future: conclusions from BNY Mellon’s latest roundtable are published in Treasury Management International

The finance industry is undergoing significant change, with technology creating opportunities to transform the payments space. Following a BNY Mellon-hosted roundtable in Frankfurt, TMI writes on how banking experts from Europe’s largest economy are adapting to an increasingly digital landscape, and how collaboration is crucial if banks are to meet the evolving client needs Conclusions …

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Austria’s first BPO: Commerzbank’s landmark transaction covered by the specialist press

Commerzbank has reached a milestone in the digitalisation of the trade finance industry, having processed the first Bank Payment Obligation (BPO) deal in Austria. A BPO allows the automatic release of funds between banks based on the matching of electronic data. Companies are increasingly recognising the benefits of the trade instrument, which include faster communication …

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Commerzbank “Best Bank in Germany” and “Best Bank for Western Europe’s SMEs” for Euromoney

Euromoney’s 2017 Awards for Excellence have recognised Commerzbank as the best financial institution serving SMEs in Western Europe. As the defending champion from last year’s awards, Commerzbank also retains the title of top German bank.

Specialist press covers BNY Mellon’s hire of Güngör Taner as Vice President of Sales and Relationship Management

BNY Mellon has expanded its sales and client support team in Germany, a core growth market, appointing Güngör Taner as the new Vice President of Sales and Relationship Management. Taner brings over 15 years’ of banking experience to his new role. He joins BNY Mellon from the Royal Bank of Scotland, where, for the past …

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Commerzbank recognised as Germany’s top commercial bank in International Banker magazine

Specialist finance publication International Banker has acknowledged Commerzbank as 2016’s “Commercial Bank of the Year, Germany”. The magazine notes that for the best part of a decade, banks in Western Europe have been facing challenges on several fronts: lending rates and earnings remain under pressure, nonperforming loans are mounting, and several countries continue to suffer slow …

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UniCredit bankers explore the rise of Germany’s Schuldschein market in Investment Europe

Both investor interest and corporate issue sizes in Germany’s famous private debt market – the Schuldschein market – are escalating at historic rates, say Jörg Stührwohldt and Rudolf Bayer, managing directors at UniCredit, writing in Investment Europe. Indeed, in the first 10 months of 2016, volumes have soared to more than €20bn, already touching record …

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Commerzbank’s first BPO transaction between China and Germany makes its mark on the specialist press

The Bank Payment Obligation (BPO) transaction covered the export of chemicals from China to Germany. The buyer, and Commerzbank’s client, was chemicals company TRIGON Chemie GmbH, based in Schlüchtern, near Frankfurt. The seller’s bank was the Industrial and Commercial Bank of China (ICBC) in Beijing. Transactions between the two were previously handled by documentary collection. …

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Kai-Otto Landwehr of Siemens Financial Services explains why digital manufacturing will change the game of German industry

When it comes to manufacturing, few phrases conjure up more ideas of reliability, precision and efficiency than ‘Made in Germany’. In a new article, ‘Digital manufacturing: Taking Germany to a whole new level’, Kai-Otto Landwehr, CEO of Siemens Finance & Leasing GmbH, explains that digital manufacturing – as part of the wider application of data …

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BNY Mellon’s Daniela Eder says inter-bank collaboration will help SMEs thrive in TFR

Accounting for 68% of the country’s exports, Germany’s 3.7m SMEs (or Mittelstand) are the backbone of the world’s fourth largest economy and have long been viewed as a blueprint for sterling business strategy and practice. But as the export landscape evolves at an astonishing rate – driven by advances in technology and globalisation – the …

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World Finance names Commerzbank ‘Best Commercial Bank in Germany’

Recognising the years spent assisting German companies engage in international trade, leading magazine, World Finance, names Commerzbank ‘Best Commercial Bank, Germany’ in  yet another award for 2016. The magazine notes Commerzbank’s comprehensive range of products and services to over 100,000 German clients, its role as the country’s leading financer of SMEs, as well as its …

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