The German economy thrives on exports. What German companies with the quality seal "Made in Germany" have to offer is in demand worldwide. This ultimately gives rise to job security and prosperity in Germany. The Federation of German Industries says: "Foreign trade is the primary engine of economic growth." It is LBBW who ensures that this engine does not start sputtering by hedging the financial risks of German exporters.
Unfortunately, there is no shortage of risks involved. Free trade between countries is under threat in many places, with protective tariffs and other barriers and walls making it more difficult to exchange goods and services. And then there is the ever-present risk of payment defaults. Exporters are wise to play it safe, especially when dealing with new business partners, deliveries to exotic countries and high order values. This is where a financial partner comes in handy. LBBW offers companies a wide range of instruments for hedging their international business exposure. We grant export finance facilities in the form of buyer's credit and forfaiting, supply letters of credit and bank guarantees, handle payment transactions and perform foreign currency transactions.
Foreign trade is the primary engine of economic growth.