On the trade finance side, the Euro Center provides a range of services in a timely manner including euro-denominated forfaiting, L/C opening, L/C notification, and usance L/C acceptance based on its ample liquidity and 43 years of experience in the European market."We revised the system so that remittance service is available on Korean business days, even if it is a holiday in Germany. So in terms of remittances, we are far more competitive than other banks," said Kang Sung-ki, head of the Euro Center and of KEB AG. "Through the Euro Center, we expect to bolster KEB''s status as a foreign exchange-specialized bank and upgrade the level of Korean banking services to that of global banks."Meanwhile, KEB''s Hong Kong Trade Finance and Remittance Center, which opened in May 2012, has been playing an increasingly important role in U.S. dollar remittance and usance L/C acquisition markets thanks to its competitiveness in real-time handling of U.S. dollar remittances and interest rates rivaling those of global banks, according to the Bank.
On the trade finance side, the Euro Center provides a range of services in a timely manner including euro-denominated forfaiting, L/C opening, L/C notification, and usance L/C acceptance based on its ample liquidity and 43 years of experience in the European market."We revised the system so that remittance service is available on Korean business days, even if it is a holiday in Germany. So in terms of remittances, we are far more competitive than other banks," said Kang Sung-ki, head of the Euro Center and of KEB AG. "Through the Euro Center, we expect to bolster KEB''s status as a foreign exchange-specialized bank and upgrade the level of Korean banking services to that of global banks."Meanwhile, KEB''s Hong Kong Trade Finance and Remittance Center, which opened in May 2012, has been playing an increasingly important role in U.S. dollar remittance and usance L/C acquisition markets thanks to its competitiveness in real-time handling of U.S. dollar remittances and interest rates rivaling those of global banks, according to the Bank.
On the trade finance side, the Euro Center provides a range of services in a timely manner including euro-denominated forfaiting, L/C opening, L/C notification, and usance L/C acceptance based on its ample liquidity and 43 years of experience in the European market."We revised the system so that remittance service is available on Korean business days, even if it is a holiday in Germany. So in terms of remittances, we are far more competitive than other banks," said Kang Sung-ki, head of the Euro Center and of KEB AG. "Through the Euro Center, we expect to bolster KEB''s status as a foreign exchange-specialized bank and upgrade the level of Korean banking services to that of global banks."Meanwhile, KEB''s Hong Kong Trade Finance and Remittance Center, which opened in May 2012, has been playing an increasingly important role in U.S. dollar remittance and usance L/C acquisition markets thanks to its competitiveness in real-time handling of U.S. dollar remittances and interest rates rivaling those of global banks, according to the Bank.