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Interview: Inwha Huh & Bjorn Bergabo, GE Capital
20 December 2011
Oliver O’Connell spoke with Inwha Huh, managing director for global syndication and emerging markets at GE Capital, and Bjorn Bergabo, CEO, working capital solutions about how the firm is responding to the challenges of the trade finance market.
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GE Capital
trade financeGE
global syndication
mid-market trade finance
Trade Finance Magazine (TFM): How is the crisis in Europe affecting GE Capital’s business?
Bjorn Bergabo (BB): GE Capital is well positioned to support customers and grow its business in Europe. We are a secured lender with a strong balance sheet and offer a range of lending and leasing products, such as accounts receivable financing, that are increasingly in demand by our mid-market business customers. We also have award winning banks in markets where the economy remains strong, such as Poland, Czech Republic, Switzerland, the Nordics and Hungary.
Inwha Huh (IH): Globally, the impact of the liquidity crisis on the European banks has changed the landscape of bank players in the trade finance market in the latter half of 2011 – which has had an impact both on our investor base and as competitors. We see the largest impact with the French, Spanish and Italian...
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