The new opening will allow Barclays to deliver transaction banking services locally for its corporate clients on a new market
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.
Barclays has been functioning in Luxembourg for more than a decade, supporting financial growth, collateral management and funding the bank’s operations.