Barclays Beefs up Support for Multi-lateral Agencies and Development Banks
Barclays is increasing its support for multi-lateral agencies (MLA) and development banks with the strategic alignment of its product sets and the introduction of a dedicated relationship team for each continent across the globe.
The bank added that the launch of a committed relationship coverage model across the group provides MLAs and development banks with a consistent relationship touch point and a holistic multi-product offering to meet their global business needs, and the needs of those they service. It also demonstrates Barclays’ continued commitment to supporting its financial institution clients.
“Barclays will leverage its expertise and knowledge, especially in Africa, to work in close partnership with MLAs and development banks, utilising their formal programmes and exploring bespoke bilateral opportunities,” it added.
“MLAs and development banks play an important role in aiding developing countries, and we are committed to supporting their business needs by providing a holistic multi-product solution that optimises value and experience for our clients,” said David Scola, global head of banks, financial institutions group, corporate banking at Barclays.
“We have been in Africa since 1860. The continent is in our DNA, and the launch of a committed relationship model with MLAs and development banks is a logical next step for us. We recognise the importance of Africa to our MLA and development bank clients, and our Africa footprint allows us to provide unique connectivity to the continent, ensuring the vital circulation of funds and the proliferation of global trade and economic growth.”