Barwa Bank has hosted an interactive trade finance workshop for clients and employees on “Global trade trends and challenges” as part of the bank’s proactive approach to keep customers aware of global trade improvements.

The workshop hosted industry expert and trade trainer Vincent O’Brien for a seminar where he shared insights on the current developments in the international trade finance environment and provided the audience with practical suggestions on managing challenges fronting the field while guiding them on maximising their business opportunities.

“Barwa Bank services extend beyond finance to touch various aspects of our customers’ interests. The bank is committed to helping its valued customers not only by providing financial and transactional services but also through sharing information and knowledge about the latest updates in the market, thus converting challenges into opportunities,” said Barwa Bank’s chief business officer Khalid al-Ahbabi.

Barwa Bank is committed to its central role in organising informed training for its staff and for keeping customers updated about the latest trends of the market. The panel was part of discussions on trends in international trade and products that customers can use to grow their business.

The workshop explored the merits of instruments like letters of credit, confirmations, as well as standby letters of credit and guarantees. It also highlighted the newly-revised International Standard Banking Practice for the Examination of Documents (ISBP) and went through Bank Payment Obligations (BPOs).

This initiative was part of the many trainings and workshops hosted by Barwa Bank to empower and train both staff and customers with an advanced insight on the global market and to ensure that the bank will continue to be a major contributor to the financial services sector in Qatar and the region.

 

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