Landesbank Hessen-Thüringen (Helaba) has started building a new digital platform to promote the savings banks' international business and which is expected to be launched in the first half of the year.
This is reported by the Bloomberg news agency.
In essence, it is a question of quickly distributing risks from trade finance to different institutions in the group.
This should make it possible to offer larger transactions so that large companies use the services of the savings banks more often for their foreign business, said project manager Reinhard Wüst of the agency.
In a survey, the regional associations reacted very positively to Helaba's proposal to build the platform, which is being worked on under the title "S Trade Finance Marketplace".
Savings banks are to place their customers’ trade financing on the platform.
Other partners such as other savings banks could then assume part of the risk.
Other state banks have also signaled an interest.
The platform should not only bring larger financing volumes, but also higher margins.
Such risk partnerships are currently agreed bilaterally and then remain limited to a narrower circle.
Within the first twelve months after the start, a volume of 100 million euros is to be processed on the platform, in the following years 500 to 800 million euros annually.