UBA opens in Zambia

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19 January 2010

Nigeria’s United Bank for Africa has commenced operations in Zambia with trade finance a focus area.

NIGERIA’S United Bank for Africa (UBA) has officially opened its operations in Zambia – the group’s first Southern African...

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Poll

Credit insurers have withstood the crisis admirably settling a high number of claims during 2009. If you are actively involved in trade transactions what percentage of your deal book now enjoys some political or credit risk cover from private insurers?

75% to 100%

33%

50% to 75%

30%

25% to 50%

25% or less

10%

I don’t use private credit insurers

18%

Quote

For those customers that were already dealing on open account we saw very little, if any, return to letters of credit.

Lawrence Webb, HSBC - Banks examine the bigger trade picture - April 2010