Barclays expands its corporate banking in Europe

The new opening will allow Barclays to deliver transaction banking services locally for its corporate clients on a new market

The banking branch

Barclays expands its corporate banking in Europe. Source: shutterstock.com

Barclays announced the opening of a new branch in Luxembourg to provide multinational clients with transaction banking services. Corporates and financial institutions will be provided with a range of banking products, including cash management, debt, foreign exchange, and trade finance facilities.

Barclays launched its banking branch in Luxembourg as a part of the bank’s digital Corporate Banking platform expansion.

The digital platform features with streamlined Know Your Customer (KYC) policy and account opening, digital on-boarding, improved self-help capabilities, and multilingual servicing.

Luxembourg is home to a well-established private equity community, as well as being an important insurance centre, emerging fintech hub and a location of choice for multinational corporates. In our International Corporate Banking unit, we’ve got specialists who understand each of these sectors. By drawing on the experience and knowledge of our client management and product experts, coupled with our increased investment in technology, we’re striving to make a real difference for businesses in Luxembourg and across Western Europe
David Farrow, Head of International Corporate Banking at Barclays

Barclays has been functioning in Luxembourg for more than a decade, supporting financial growth, collateral management and funding the bank’s operations.

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