Dutch Banks Leap to Fill Commodity-Trade-Finance Gap
- Biggest Dutch lender now Geneva’s leading trade-finance bank
- Turbulent markets create opportunities for trading firms
This article is for subscribers only.
The largest Dutch banks are grabbing a bigger share of lending to commodity traders, undeterred by turbulent markets as competitors retreat.
ING Groep NV has grown into the leading trade-finance bank in Geneva, the global center of commodities dealing, after once-dominant BNP Paribas SA scaled back. ABN Amro Group NV and Rabobank Groep are taking on greater roles in arranging the largest loans, including energy-trader Vitol Group’s record $8 billion credit line.