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Deutsche Bank sees trade finance at pre-COVID levels by mid-2021

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Deutsche Bank forecasts trade financing will rebound to pre-COVID levels by the middle of next year, an executive said on Friday.

FILE PHOTO: The headquarters of Germany's Deutsche Bank are pictured in Frankfurt, Germany, September 21, 2020.

Ralph Orlowski/File Photo"Since the news that a COVID-19 vaccine might be broadly available in the New Year, our global trade finance outlook has improved," said Daniel Schmand, Deutsche Bank's Head of Trade Finance and Lending.

 

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