Leading trade finance company, IIG Capital, has announced that it is rebranding its trade finance division as IIG Trade Finance.

This change reflects the company’s long-standing strategic commitment to trade finance activities, a statement said.

It has a well-established reputation as a leader within the trade finance industry, especially in Latin America. Since its launch in 1996, IIG Capital has facilitated financings for over $7.5 billion of trade transactions.

“The establishment of IIG Trade Finance is a natural part of both the evolution of our business and our specialisation in providing innovative trade finance products to emerging market-based SMEs,” said partner and co-founder Martin Silver.

“There is an ever-increasing demand for trade financing around the world, but a dearth of funding available to satisfy this growing need, particularly for small- and medium-sized companies. IIG Trade Finance is well positioned to fill that gap,” he said.

David Hu, partner and co-founder, said: “Simply put, the growing volume of global trade - especially among emerging market economies - combined with the decrease in available financing from banks, generated this unique and historical opportunity. Clearly banks have not been able to fully satisfy the growing demand, resulting in a need for alternative sources of trade financing, such as IIG Trade Finance."

IIG Trade Finance is dedicated to meeting the special working capital needs of small- to medium-sized merchants, traders and processors in both the international and domestic markets.

It offers a unique range of financing solutions that covers the entire supply chain and trade cycle, from the purchase of raw materials to the sale of processed goods. – TradeArabia News Service