DenizBank AG expands commodity trade finance network with strategic partnership with Komgo

December 2024

DenizBank AG expands commodity trade finance network with strategic partnership with Komgo

DenizBank AG is pleased to announce its strategic commodity trade finance partnership with Komgo, a leading software development and technology services company revolutionizing the trade finance industry.

This partnership enhances DenizBank AG’s operational capabilities, allowing the bank to deliver innovative offerings that streamline processes, improve transparency, and ensure compliance.

“Pivotal step in reinforcing our role in international trade”

CEO of DenizBank AG, Hayri Cansever remarked, “Our expansion into commodity trade finance and our partnership with Komgo is a pivotal step in reinforcing our role as a trusted partner in international trade. With Komgo's support, we can offer enhanced security and efficiency, catering to over 10,000 enterprise users worldwide. This important step not only broadens our service portfolio but also positions us strategically within the market. Our focus on tailored solutions ensures that we meet the unique needs of each client while enhancing operational excellence through digitalization. By leveraging our expertise and Komgo’s innovative technology, we are committed to supporting our clients in navigating the complexities of global markets.”

A new benchmark in trade finance

CEO of Komgo, Souleïma Baddi: "We are delighted to partner with DenizBank AG in their journey to enhance commodity trade finance capabilities. Together, we are combining cutting-edge technology with DenizBank AG’s deep expertise to set a new benchmark for efficiency, transparency, and scalability in trade finance."

With its dedicated Commodity Trade Finance division, DenizBank AG aims to empower businesses with tailored financial products that mitigate risks associated with these challenges.
DenizBank AG’s offerings include:

Transactional Commodity Trade Finance: Enabling businesses to manage their cash flow effectively through short-term lending options.

Borrowing Base Commodity Finance: Utilizing inventory as collateral to secure working capital.

Structured Commodity Trade Finance: Customizing financing solutions that align with specific trade requirements.

For further information about our services, please contact us directly.

More info & Contact:
Commodity Trade Finance

About DenizBank AG

DenizBank AG was founded in 1996 and is an Austrian universal bank. It is subject to the Austrian Banking Act and is a member of the statutory uniform deposit protection scheme AUSTRIA GmbH. DenizBank AG is part of the DenizBank Financial Services Group, which has been owned by the Emirates NBD Group since 2019. The Emirates NBD Group's network includes locations in 13 countries, currently serving more than 20 million customers.

Press Contact:

Armand Feka
Head of Corporate Communications & Marketing

DenizBank AG
Thomas-Klestil-Platz 1 A-1030 Wien
Tel: +43 664 8556630
E-Mail

Legal notice:
This is a marketing communication prepared for non-binding information purposes. It is not a financial analysis and does not constitute investment advice or an offer or recommendation or an invitation to make an offer to buy or sell financial instruments, investments or other banking services. This information is not a substitute for personal advice and risk disclosure. It is expressly pointed out that financial instruments and investments sometimes involve considerable risks. The information contained in this document is of a general nature and does not take into account the individual needs of investors and customers, for example with regard to income, financial or tax situation, risk tolerance or individual suitability of banking services. This information has been carefully prepared by DenizBank AG to the best of its knowledge and belief. However, it has not been checked and verified by an independent third party; therefore, no guarantee is given with regard to the accuracy, completeness or correctness of the information and opinions contained herein. Errors and misprints excepted.

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