Treasury Strategies' Transaction Banking Index! reached 115 in the second quarter 2011 – a record high. This new level represents an 8% year-over-year growth in the business.
Primary drivers of this record growth include the fees resulting from a 24% increase in global trade, as well as modest GDP growth, and the continued expansion of product offerings from regional banks.
“Global trade growth was strongest in Asian and emerging markets,” says Dave Robertson, Partner and head of the Financial Services practice at Treasury Strategies. “Heading into 2012, Transaction Banking groups will be challenged to sustain growth in the face of spread compression arising from lower interest rates.”
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