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ABN Amro may expand commodity loans where BNP sees 30pct drop

Posted on 09 December 2011

Harris AntoniouABN Amro Group NV, the Dutch lender nationalized in 2008, is expanding its commodity-trade financing as other European banks cut back lending and sell assets to contend with the region’s sovereign-debt crisis.
Commodity-trade loans may have declined 16 percent this year as European banks that provide most of the funds face difficulties getting U.S. dollars, said Harris Antoniou, ABN Amro’s global head of energy, commodities and transportation………………………………………..Full Article: Source


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