Fourteen partner banks to become signatories of the initial founder

The digital platform is expected to host more than a million businesses worldwide by 2022

Financial leaders from banks around the world will convene in London today (1 October 2019) to mark the official launch of the Trade Club Alliance. The gathering of fourteen partner banks that make up the alliance marks the official launch of an all-new digital platform - the first of its kind - that will help businesses bolster global trade.

The new platform will help identify businesses that are looking to trade goods internationally and will provide insight on regulations and trade tariffs for the relevant countries. It will provide members with market information on more than 180 countries including currency analysis, market trends and shipping requirements, serving as a conduit for trusted buyers and suppliers to connect with counterparts in markets around the world.  

The initiative was created by Santander in 2015, to connect businesses in Europe with Latin America. Following its success, the programme was rolled out worldwide and saw the formation of the Trade Club Alliance. The partner banks that make up the alliance cover some of the world’s most established and fast-growing markets, such as Africa, Latin America and South East Asia. By 2022 more than 90% of global trade corridors, helping more than a million companies worldwide. 

Jon Barañano, Chairman of the Trade Club Alliance, commented: “The launch of the Trade Club Alliance marks the start of a relationship for businesses with their banks that is more than simply as a finance provider – but as a strategic business partner who guides them through the labyrinth of international trade. This transformative trade platform will strengthen existing ties and revolutionise the way businesses seek opportunities in new markets.”

Krishnakumar Duraiswamy-Head of Trade Finance, ADCB added: “The Trade Club Alliance offers a unique opportunity to partner banks offering an exclusive by- invite-only platform to valued clients. 

ADCB Trade booster platform enables our valued client to access a global network of trustworthy businesses not just by connecting them locally and globally with each other but also by identifying opportunities of cooperation while maintaining the highest industry standards.”

Key benefits of the Trade Club Alliance platform:

  • State-of-the-art technologies: uses machine learning and cloud-based services with the best of breed social networking capabilities, comprehensive content and corporate banking advisory;
  • Efficiency: helps accelerate the exchange of goods and services by uncovering ideal trade partnership opportunities and then simplifies the transaction process;
  • Local support: Alliance banks’ dedicated “Experts & Community managers” teams are available to offer advice at all stages of exporting and importing activity and financing alternatives;
  • Market analysis: over 25,000 market reports from 186 countries;
  • Commercial partners: 2,000 directories from 150 countries, 40,000 commercial fairs, 1,000,000 international tenders;
  • Manage shipments: databases for over 120 countries;
  • Analyse currencies: conversions of 147 currencies and weekly and monthly reports; and
  • Set up abroad: information on over 182 countries with over 2,500 pages.

This digital platform is available to trusted businesses of all sizes and will fully cover sectors including agriculture, machinery, textiles, chemicals, woods plastics and metals. Each Alliance bank is responsible for vetting businesses before they become a member, and will help oversee the admission process, actively identify and facilitate business opportunities and coordinate trade missions on the ground.

Members of the Trade Club Alliance will be assigned a Business Card, where they can provide details of their business proposition, industry and overarching goals. In addition to the digital platform offering market insight, companies can seek advice on financial products that would suit their needs from any one of the Alliance banks.

The full list of partner banks are: Abu Dhabi Commercial Bank, Attiijariwafa Group, Banco BPM, Banco Santander, Royal Bank of Canada, CIMB, Crédit Agricole Group, Eurobank, KBC Group, Industrial Bank of Korea, MUFG, Nordea Group, Siam Commercial Bank, and Standard Bank.

-Ends-

About Us: 

ADCB Group is a leading UAE banking group that provides a full suite of award-winning products and services, spanning Consumer Banking, Wholesale Banking, Treasury & Investments and Property Management.

On 1 May 2019, ADCB and Union National Bank merged and the combined entity acquired Al Hilal Bank, which operates as a separate Islamic banking entity under its own brand within the Group. The transaction reinforced ADCB’s position as the third largest bank in the UAE, with assets of AED 417 billion based on pro-forma financial information as at 30 June 2019.

The Group serves over 1 million customers. ADCB Group, which is 60.2% owned by the Government of Abu Dhabi through the Abu Dhabi Investment Council, trades on the Abu Dhabi Securities Exchange (ADX) under the ticker of ADCB. As at 30 June 2019, ADCB’s market capitalisation was AED 58 billion.

Further information on ADCB can be found at adcb.com and information on the transaction between ADCB, UNB and Al Hilal Bank can be found at beyondambition.com

Media Enquiries

Dr. Majdi Abd El Muhdi    T: +971(2)6962889   E: Corporate.Communication@adcb.com

Trade Club Alliance is a unique global network of banks aiming to make international trade simpler and better. We offer an innovative digital platform, giving SMEs and corporate clients a wealth of relevant international trade expertise, tools and services, as well as the opportunity to connect with trusted partners in new markets. This technology is matched by the human expertise we’re all individually known for. We use our knowledge of our clients’ businesses and local markets to give them the bespoke advice they need. Our partner banks currently cover over 65% of global trade corridors, representing a community of exclusive companies set to reach one million in the coming few years. And we’re still expanding – our goal is to be everywhere our clients’ businesses should be. The Trade Club Alliance’s value comes from its combination of technology, unparalleled reach and trusted relationships. It means, together, we can all play a vital strategic role in our clients’ sustainable business growth overseas.

© Press Release 2019

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