Yes Bank, the country’s fourth largest private sector bank, has entered into a strategic agreement with The International Finance Corporation (IFC), a member of the World Bank Group, for participating in its flagship Global Trade Finance Program (GTFP). Through this programme, Yes Bank will be extended credit guarantees by IFC to cover its payment risks under trade instruments issued by the bank in favour of participating correspondent banks.
Moreover with a wider access to a global network, the program will enable Yes Bank to facilitate transactions in challenging markets, promoting competitive financing and building correspondent bank relationships with new institutions.
Yes Bank, the private sector lender offers a full-range of client-focused corporate banking services, including working capital finance, specialized corporate finance, trade and transactional services, treasury risk management services, investment banking solutions and liquidity management solutions among others to a highly focused client base.
