GarantiBank International NV (GB) has reassigned the mandates of its two core business lines, Trade Finance and Treasury.

In addition to Transactional Commodity Finance, Structured Trade Finance and Forfaiting activities, the new mandate for the Trade Finance Division adds all asset origination activity incoming from correspondent banks, which were previously conducted by GBI’s Financial Institution Division.

As a result, Trade Finance will holistically cover trade finance markets under one roof. The said asset origination mandate will be incorporated within the Forfaiting department.

Next to Treasury activities, the division will also be responsible for the activities of the former Financial Institutions Division with the exclusion of the asset origination activities as mandated to Trade Finance.

This will include institutional fund raising, the operational side of correspondent banking, relationship with banks, investors and rating agencies, and cross-selling of treasury products to correspondent banks.