Commodity trade finance lures Arab banks
Without causing much noise, liquidity-rich Arab banks have been taking part in commodity trade finance - an area which, until recently, was dominated by a small number of French banks. While the market share of eurozone banks has decreased from 80% two years ago to 50% today, banks from the Gulf region become more and more present. The lending limitations of the eurozone banks is caused by constrained US dollar liquidity.
Read more on: http://www.ft.com/intl/cms/s/0/d775f476-144a-11e2-8cf2-00144feabdc0.html...
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