FRANKFURT AM
MAIN, Germany and SINGAPORE/PRNewswire/
-- Today, Helaba Landesbank Hessen Thueringen
opened a representative office in Singapore.
This new Helaba business location is in one of the world's
strongest growth regions and constitutes the next step to a
comprehensive strategic realignment in the business field of
foreign trade financing. "The opening of the representative office
in the Singapore financial
centre," states Hans-Dieter
Brenner, Helaba CEO, "is a further milestone in the
positioning of our bank as the leading foreign trade financing
institution in the savings banks organization."
Since
the beginning of 2014, Helaba has been implementing a new strategic
orientation in foreign trade financing. The aim is to significantly
improve the offer for its own direct customers and also for the
customers of the savings banks. In addition to buyer's credits and
forfaiting, the product range comprises all the trade finance
products that assist the German economy in its trading activities
with the region. In this, Helaba concentrates on the most important
foreign trade markets of German companies. In addition to Central
and Eastern
Europe, this includes the GUS and Turkey,
as well as Southeast
Asia, India, South
Korea and China.
The bank already has correspondent bank connections in 120
countries. In order to further improve its cover
of Asia,
last August Helaba had already entered into a cooperation agreement
with Germany's largest
25 savings banks and BNY Mellon on working together in documentary
credit business in the region of Southeast
Asia, India and China.
Head
of the representative office is Christopher
Winnat. He has already been professionally engaged in the
region for twenty years, seven of them directly
in Singapore.
During this time, he was also working for other German institutions
in customer-related management functions.
Contact:
Helaba
Landesbank Hessen-Thueringen Girozentrale
Singapore Representative
Office
One
Temasek Avenue,
#05-04 Millenia
Tower
Singapore 039192
Tel: +65-6238-0400
Fax: +65-6238-9978
http://www.helaba.com