Joseph Giarraputo, Founder and Editorial Director of Global Finance, speaks with Sabine Zucker, RBI’s Head of Group Transaction Banking, about the products and services required to support cross-border growth with smooth transactions and operational continuity in CEE markets.
Based on RBI’s over three decades of experience operating in these economies with 12 full-service banks, Zucker believes corporates have a lot to be excited about when looking at the region’s future. From Serbia, to Albania, to Croatia, for example, GDP growth is outpacing many Western European counterparts.
Yet companies need to be flexible in the face of the inevitable challenges stemming from uncertainty in today’s market environment as well as fluctuating geopolitical and compliance landscapes.
A case in point is the need for risk mitigating products like guarantees and letters of credit. At the same time, local transaction banking and trade finance expertise is vital to interpret and overcome requirements that differ from country to country.
More specifically, companies expanding into the CEE region need robust and comprehensive cash management and payment solutions. In response, RBI developed CMIplus, a flagship cash management platform designed from the ground up to support real-time, omnichannel treasury operations
Effective trade finance solutions are also essential to managing supply chains.These are particularly important for those international corporates that need longer guarantees for different types of business, in turn calling for local staff with on-the-ground expertise.
Watch this video to get further insights into what it takes for international businesses to succeed in CEE markets, and how an experienced banking partner can help.
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