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Commerzbank Joins Komgo Network: Powering Digital Trade Finance Solutions

Date: 05/10/2023

We are thrilled to announce that Commerzbank, Germany's leading trade finance bank, has officially joined the Komgo Network.

With a strong reputation for servicing some of the nation's largest exporters and handling daily trade settlements exceeding €50bn, Commerzbank's participation adds significant value to the ecosystem on Komgo.

Clients and partners can now use Komgo to manage daily communication and instructions with Commerzbank in London and Singapore, leveraging its services in import and export letters of credit, SBLCs, guarantees, confirmation and discounting.

"We are committed to driving our digital agenda forward and providing the highest quality of service for our clients. Joining the Komgo network is a strategic step towards achieving these goals and advancing innovation within the trade finance industry."
Brigitte Réthier, Divisional Board Member Institutional Clients & Transaction Banking Sales

"At Komgo, we are transforming the way trade finance operates, and Commerzbank’s participation strengthens our mission of creating a more efficient and transparent global trade landscape. We look forward to the opportunities this collaboration will bring to our clients and the wider trade community."
Souleïma Baddi, CEO

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