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

FRANKFURT (Reuters) – Deutsche Bank (DE:DBKGn) forecasts trade financing will rebound to pre-COVID levels by the middle of next year, an executive said on Friday.

“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.