Realising the potential of Central Asia, Mongolia and ... · PDF file... 5,654,051 km2 = 2...
-
Upload
vuongkhanh -
Category
Documents
-
view
218 -
download
0
Transcript of Realising the potential of Central Asia, Mongolia and ... · PDF file... 5,654,051 km2 = 2...
Realising the potential of Central Asia, Mongolia and Azerbaijan
Axel Nikolaus Bommersheim
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015
› Increased importance of the region for global trade› Advantages of the region› Managing trading relationships: international and intraregional› Achieving economic diversification› Countries
KazakhstanKyrgyzstan TajikistanTurkmenistanUzbekistanMongoliaAzerbaijan
› Summary
Realising the potential of Central Asia, Mongolia and Azerbaijan
1
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015 2
Ancient Silk Road
Source: Eurasia Travel
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015 3
Increased importance: 21st century Silk Roads
Source: NRP, the Wall Street Journal
Increased importance: The core bridge between Europe and Asia
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015 4
Region: 5,654,051 km2 = 2 times bigger than India1.3 times bigger than Europe and 0.6 times the area of China
Total population: ca. 80mln The region stretches from west to east around 6,400 km, from north to south ca. 3,000 km
Source: Commerzbank
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015 5
Increased importance: Central Asia, Mongolia and Azerbaijan
Source: EBRD, World Bank
Country Population (mn)
GDP-growth 2014 (%)
GDP-growth 2015 (%)
Estimate(2016 estimate)
GDP nominal
2014 (bln. $)
GDP per capita2014 ($)
Ranking World Bank 2014Doing Business
Survey
Kazakhstan 17 4.3 2.0 (3.1) 212 13,600 77
Kyrgyzstan 6 3.6 1.7 (3.4) 7 1,300 102
Tajikistan 8 6.7 3.0 (4.1) 9 1,000 166
Turkmenistan 6 10.3 9.0 (9.2) 48 8,000 Not ranked
Uzbekistan 31 8.1 6.2 (6.5) 62 2,100 141
Mongolia 3 7.8 4.4 (4.2) 13 4,000 76
Azerbaijan 9.6 2.8 0.6 (2.5) 75 7,800 80
Increased importance: CCA´s Share in the Global Economy
GDP growth in %
2014 2015 2016
CCA 5.3 3.2 4.2
World 3.4 3.3 3.8
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015 6
Source: World Economic Outlook, IMF
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015 7
Increased importance: intraregional vs. extraregional foreign trade
Intraregional trade dropped ... Russia lost ground … China, European Union gained …
Source: IMF / World Bank
Trade composition change 2000 -2013
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015 8
Increased importance: …. But ! GDP growth lower
› Few years CCA has been among the fastest-growing regions worldwide
› Countries that are richer in commodities grow faster
› Supercycle of commodities is over. Commodity driven Central Asian republics face major challenges
› … however…. lower prices promote diversification
2011 2012 2013 2014 2015 2016
8
6
4
2
0
-2-4
-6
160
140120100
806040200
(real GDP growth, annual percent change) (average petroleum spot price)
Source: IMF
Natural resources: Oil exporters and oil importers
Source: IMF
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015 9
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015 10
Natural resources: abundant!
›Kazakhstan – oil, uranium, coal ›Turkmenistan - natural gas – 4th largest worldwide›Mongolia – coal›Azerbaijan - oil and natural gas›Kyrgyz Republic and Tajikistan - water for hydropower›Uzbekistan – oil, coal, natural gas
› Vast arable land areas with about 5% of the world´s wheat production:› Kazakhstan – grain, wheat› Uzbekistan - amongst ten largest cotton producers. Wheat, fruits› Kyrgyzstan – cotton, fruits, wool, vegetables› Mongolia – 2nd largest cashmere producer (15-20%), cattle› Azerbaijan – cotton, fruits, tea, vegetables
Kazakhstan - iron ore, copper, molybdenumUzbekistan - gold. Mongolia – copper, gold, molybdenum, rare metals Turkmenistan - potashKyrgyzstan – gold, rare metalsTajikistan – aluminiumAzerbaijan – iron ore, bauxite
Energy
Natural resources: … more about agriculture
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015 11
Source: World Bank, Ministry of foreign economic relations Uzbekistan
››
Kazakhstan is the main producer and exporter of high quality wheat
74 % of the territory - suitable for agricultural production, representing 5.5 % of GDP and employing over 20 percent of the labour force, with 43% of the population living in rural areas
Uzbekistan More than 99 percent of the value of agriculturalproduction comes from irrigated land - challenge
Mongolian agriculture sector is dominated bylivestock
Geographical location: Proximity to key markets and „Great game“
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015 12
China Security and stability
Increase influenceEnergy
Agricultural productsRaw materials
Transit integrationNew Silk Road
EU Security and stabilityEnergyProductionTradeTransitRule of law, human rights Democratic governanceEconomic integrationSocio economic development
Russia Security and stabilityInvestmentsTradeTransitEnergyRaw materials
USA Security and stability
Increase of economic integrationNew Silk Road initiative
Human rightsDemocratic governance
EnergyTrade
Geographical Location: Transit
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015 13
› Kazakhstan and Uzbekistan maintain developed railroad and highway systems› Kazakhstan has app. 100,000 kilometers of roads and 20,000 kilometers of railways› Kazakhstan-Turkmenistan-Iran railway opened in December 2014 › Since 2011 the cost of moving goods across regional borders has decreased by 15 percent
Source: UNO
Geographical location: Oil and Gas pipelines
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015
Source: Strategic International Studies, ERI
14
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015 15
Managing Trading relationships
CIS: Commonwealth of Independent States: Regional loose association for coordinating in trade, finance, lawmaking, security
Members: Armenia, Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, Russia, Belarus, Moldova. Associate states: Ukraine, Turkmenistan
Eurasian Economic Union (EEU) Regional trading bloc: Envisages the free movement of goods, services, capital, and labour among the member countries. 183m people
Members: Kazakhstan, Kyrgyzstan, Russia, Armenia, Belarus
Central Asia Regional Economic Cooperation (CAREC): Regionalcooperation in infrastructure i.e. transport and energy corridors; trade
Local members: Azerbaijan, Kazakhstan, Kyrgyzstan, Mongolia, Tajikistan, Turkmenistan, Uzbekistan
Shanghai Cooperation Organization (SCO):Regional security and economic development / cooperation
Members: Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, China, Russia. Observers: Mongolia; Dialogue partners Azerbaijan, Armenia
WTO: Global international trade relations
Local members: Kyrgyzstan, Tajikistan, Mongolia. Kazakhstan.Observers: Uzbekistan, Azerbaijan
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015 16
Achieving economic diversification
Kazakhstan - strategic partnerships with China, Canada and South Korea, modernization of new nuclear power plants, multi-modal transportation infrastructure, EXPO 2017
Turkmenistan – development of agriculture i.e. cotton and fertilizer and gas-processing industry
Mongolia - start of copper production Oyu Tolgoi, Integrated Mineral Resource Initiative, strategic raw material partnerships, construction material industry, textile industry, recycling
Uzbekistan - investments in automobile industry and textile production and free economic zone - Navoiy
Tajikistan - construction of the Tajikistan Afghanistan Turkmenistan (TAT) Railway, diversification to livestock and poultry farms, agro-processing, storage of fruit and vegetables
Azerbaijan - development of the non-oil sector, support of energy sector, infrastructure projects, 2015 the "Year of Agriculture”, tourism, events (European Games, Formula 1)
Cooperation with Germany
Project „Mineral resources for the development of Central Asia“ with the aim to modernize coal mining sector as a driver for a sustainable improvement in Kyrgyzstan, Kazakhstan,TajikistanRare earths Agreement between Germany and Kazakhstan and Germany and Mongolia respectively.
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015 17
What is required to realize region´s further potential?
Further development of intraregional cooperation initiatives Strengthening the global cooperation with international partners Diversify the economy i.e. support for local processing of resources Diversify investor base Explore additional import and export flows Improve infrastructure for transit, housing, electricity, irrigation … Seek for new domestic and foreign investments Explore further natural resources Private sector should more promoted - SME Invest in education … also in training for financial institutions Invest in recycling and green energy Implement structural reforms to attract investors especially law certainty and anti-corruption Image building by public relations i.e. showing good track record and doing road shows Support stronger financial systems and tight control Strenghten domestic financial institutions for enabling them financing projects
….. A lot has still to be done. But a lot of institutions globally are keen to support.
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015 18
Realising the potential
The new silk road – the way for further economic integration!
Opportunities› Raw material processing - creating value› Growing middle class› Infrastructure development› „Bridge“ between Europe and Asia
Threats› High transportation costs› Limited access to world markets› Possible ethnic and water conflicts › Affected by volatile commodity prices › Slowdown of important export markets
Strengths› Huge areas of arable land › Abundant natural resources› Geographical location› Transit› Human resources› Growing population
Weaknesses› Slow pace of structural reforms › Weak regional cooperation › Lagging market transformation› Financial integration into global markets› Limited financial ressources› Landlocked
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015 19
Kazakhstan
› Area 2,724,900 km²› Population 17.4 mln› Capital Astana – Financial center Almaty› Borders Russia, China, Kyrgyzstan, Uzbekistan, Turkmenistan, Caspian
See› Climate continental› Political system presidential republic – politically stable› Currency Tenge (KZT) , Rate 1 EUR = Tenge 270,--› Ratings S&P BBB+ / Moody’s Baa2 / Fitch BBB+ › WTO-Member since 2015› EEC member of European Economic Community
Source: (German Trade Invest) GTAI
Principal exports 2014 (share %) Principal imports 2014 (share %)
Mineral products 72 Machinery & equipment 17Raw materials 5 Chemicals 11Base metals 5 Vehicles and spare parts 10Natural gas 4 Food products 9
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015 20
Trade relations
Source: (German Trade Invest) GTAI
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015 21
SWOT-Analysis
Strengths• Abundant natural resources (new
exploitation in Kashagan)
• Huge agricultural potential
• Top performer in the region
• Wealthy National Fund
• Stable political situation
• Foreign investors welcomed
Weaknesses› Dependence on exports of raw materials› Legal uncertainty› Bureaucracy› Lack of skilled workers in technology sector› Exchange rate vulnerability› High transportation costs
Opportunities• Strong demand for machinery, equipment
• Increasing diversification in transport, food, pharmaceutical and service sectors
• Growing middle class boosts consumption
• Expansion of the export sector
• EXPO 2017
Threats• Still too low diversification of economy
• Introduction of Tenge´s free float and the influence on the banking system
• Influence from sanctions on Russia via the Eurasian Economic Union
• Slow recovery of commodity prices
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015 22
Kyrgyzstan
› Area 199,951 km²› Population 6 mln› Capital Bishkek› Borders China, Kazakhstan, Tajikistan, Uzbekistan› Climate continental› Political system parlamentary republic – political unrests in 2005 and 2010› Currency K. Som, Rate 1 EUR = K. Som 73› WTO-Member since 1998 › EEC since August 2015
Principal exports 2014 (share %) Principal imports 2014 (share %)
Precious metals, mainly Gold 44 Refined mineral goods 21
Refined mineral goods 11 Cars spare parts 16
Textiles 8 Machinery and equipment 10
Cars and spare parts 8 Chemicals 9
Source: (German Trade Invest) GTAI
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015 23
Trade relations
Source: (German Trade Invest) GTAI
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015 24
SWOT-Analysis
Strengths• Hydroelectric potential
• Gold resources
• Potential for touristic activities, visa- free regime for many foreign citizens
• Relatively low customs duties
Weaknesses• Increased vulnerability for external
shocks
• Affected by economic crisis in Russia Poor diversification of economy
• Lack of highly qualified specialists
• Dependence on external energy supply
• Underdeveloped transport infrastructure
Opportunities• Cooperation opportunities in mining and in
agricultural sector
• Chances in projects, financed by international organizations
• The construction of a gas pipeline (Central Asia–China) between Turkmenistan and China via Kyrgyzstan could create transit fees
Threats• Political instability and ethnic conflicts
• Continious migration of skilled workers
• Slow implementation of structural reforms
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015 25
Tajikistan
› Area 143,100 km²
› Population 8 mln› Hauptstadt Dushanbe› Grenzen Uzbekistan, Kyrgyzstan, China, Afghanistan› Climate dry subtropical› Political system presidential republic› Currency Somoni TJS, 1 EUR = TJS 7› WTO-Member since 2013
Principal exports 2014 (share %) Principal imports 2014 (share %)
Aluminium 32 Petroleum products 10
Cotton fibre 16 Wheat 5
Electricity 3 Flour 3
Other 49 Other 78
Source: (German Trade Invest) GTAI
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015 26
Trade relations
Source: (German Trade Invest) GTAI
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015 27
SWOT-Analysis
Strengths• Willingness for reforms
• Export of aluminium, electricity, cotton
• Positive track record of government support
Weaknesses• Poverty and slow development
• Weak infrastructure
• Banking system relatively small
• Dependence on transfers from migrant workers in Russia
• Foreign exchange reserves
Opportunities• Cooperation in foreign aid development
projects
• Potential to become a gas exporter
• Potential to benefit from transit charges by a gas pipeline
Threats• Tensions regarding use of water resources with
neighbours
• Proximity to areas of tension
• Civil war during the 90s still affects political situation locally
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015 28
Turkmenistan
› Area 488,100 km²
› Population 5.8 mln› Capital Ashgabat› Borders Kazakhstan, Uzbekistan, Afghanistan, Iran, Caspian Sea› Climate continental› Political system presidential republic › Currency Turkmen Manat, Rate 1 EUR = 3.9 TMT › Economy natural gas reserves (4th place in the world), production of
cotton, fertilisersPrincipal exports 2013 (share %) Principal imports 2013 (share %)
Natural gas 67 Machinery and equipment 26Petroleum products 15 Base metals 16
Oil
Cotton fibre
11
2
Means of transportation
Chemicals
8
5
Source: (German Trade Invest) GTAI
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015 29
Trade relations
Source: (German Trade Invest) GTAI
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015 30
SWOT-Analysis
Strengths• No. 4 worldwide by natural gas resources
• Huge oil-, iodine-, bromine- and potash resources
• Producer of cotton and fertilizers
• Growing interest in cooperation with foreign partners
• Low indebtedness
Weaknesses• Strong governmental regulation, minor
reforms
• Poor economic diversification, high dependence on gas export
• Intransparency, limited information on economy available
• Inefficient implemented laws
• Bureaucracy
Opportunities• Investment projects in oil- and gas sectors
• Development of transit infrastructure
• Participation in construction projects
• Modernisation of the agriculture sector
• Development of natural gas fields
Threats• Stagnation of economic reforms
• Scarce protection of investors
• Lack of improvements in privatisation of the economy
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015 31
Uzbekistan
› Area 447,400 km²› Population 31 mln› Capital Tashkent› Borders Kazakhstan, Kyrgyzstan, Tajikistan, Afghanistan, Turkmenistan› Climate moderate› Political system presidential republic› Currency Sum, Rate 1 EUR = 2,900 Sum
Principal exports 2014 (share %) Principal imports 2014 (share %)
Energy and oil products 54 Machinery and equipment 40
Gold 12 Chemicals 16
Cotton 8 Food products 11
Non-retail pure cotton 6,6 Base metals 8
Source: (German Trade Invest) GTAI
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015 32
Trade relations
Source: (German Trade Invest) GTAI
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015 33
SWOT-Analysis
Strengths• Hydrocarbon, ore and construction materials
Agriculture: a world leader in cotton production
• TOP-10 list of the gold producing countries
• Most populated republic in Central Asia, young population (65% are younger than 30 years)
• A modest diversified manufacturing industry, automobile sector
• Very central location in Central Asia
Weaknesses• Strong governmental influence on business
• Lack of legal certainty
• National currency Sum has limited convertability
• Highly dependency on commodity exports
• Infrastructure
Opportunities• Technical and technological backlog in all
sectors of economy
• Numerous development projects in the industry and infrastructure sector
• Enormous potential for cultural tourism that remains largely untapped
• Growing environmental technology (energy efficiency, water, garbage)
Threats• Little progress in economical liberalisation and
foreign exchange regime of the SUM
• Tensed political relations to the neighbour due to water access (TJ)
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015 34
Mongolia
› Area 1,564,000 km²› Population 3 mln› Capital Ulaanbaatar› Borders Russia, China› climat continental› Political system parlamentary republic› Currency mongolian Tughrik, Rate 1 EUR = 2.17 MNT › WTO-Member since 1997› Economy very high GDP-growth. Coal mining, copper, molybdenum, gold,
rare metals, cashmere
Principal exports 2014 (share %) Principal imports 2014 (share %)
Raw materials 63 Oil 24
Oil 11 Machinery, equipment 13
Machinery and equipment 1 Vehicles & spare parts 10
Source: (German Trade Invest) GTAI
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015 35
Trade relations
Source: (German Trade Invest) GTAI
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015 36
SWOT-Analysis
Strengths• Huge reserves of natural resources, coal,
copper and gold, rare metals
• Second largerst producer of cashmere wool
• Progress in liberalization and democratization
• Tourism
Weaknesses• Barely diversified economy
• Shortage of skilled professionals
• Small domestic market
• Relatively high foreign debt
• Insufficient infrastructure and high transportation costs
Opportunities• High investments in infrastructure, coal mining
and residential building
• High demand for consumer goods
• Foreign investors welcomed
• Potential for use of renewable energy resources
Threats• Strong dependence on two main export
and import markets
• Stong dependence on commodity sector
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015 37
Azerbaijan
› Area 86,600 km²› Capital Baku› Borders Armenia, Georgia, Iran, Russia, Turkey› Climate continental› Political system presidential republic› Currency new Manat (AZN) , Rate 1 EUR = 1.17 AZN › Ratings S&P BBB- / Moody’s Baa3 / Fitch BBB-› WTO-Member applied for accession
Principal exports 2014 (share %) Principal imports 2014 (share %)
Petroleum products 91 Machinery & equipment 28
Food products & animals 1 Food products 12
Metals 1 Metals 11
Chemicals & petrochemicals 1 Transport equipment 9
Source: (German Trade Invest) GTAI
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015 38
Trade relations
Source: (German Trade Invest) GTAI
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015 39
SWOT-Analysis
Strengths• Oil and gas
• Agriculture
• Transit
• Growing population
• Refining capacity
Weaknesses• Underdeveloped non-oil sector, lack of
private investments
• Weak legislative and regulatory framework
• Low diversification of the economy
Threats• Dependence on oil and gas export
• Low liberalization progress
Opportunities• Increased production of domestic resources
(oil and gas)• Growth in middle class boosts consumption• Development of construction, logistics and
service infrastructure
How Commerzbank supports you in the region – mitigating risks?
› Regional Coverage by representative Offices in Almaty, Tashkent, Ashgabat, Baku, Tbilisi
› Long-lasting experience in the region with experts around the globe
› Local and international contacts to realize business opportunities
› Approximately 110 financial institution relationships
Core products – in this region› Commercial payments› Letters of Credit› Guarantees - Stand-By/Letter of Credits› Trade Facilitation Programmes of ADB, EBRD, IFC› Medium- and long-term loans in cooperation with
Export Credit Agencies › Foreign Exchange
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015 40
Nothing is faster than already being there!
Source: CommerzbankAxel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015
Processing Centers in Asia and Europe
Processing capability 18 hours per day
5,000 FI clients in 204 countries
Over EUR 50bn Commercial Credit Lines for FI Clients
8% Increase in Export Letters of Credit
5% Increase in Guarantee Transactions
COBADEFFDOC: New Single Entry Point
Special focus on Trade in 2014 and beyond
We strive to make you more successful
T
Supply Chain DefinitionsJoint initiative of ICC, BAFT, EBA, IFA and others to have a common definition of supply chain financing and related products
BAFT – Master Trade Loan DocumentationMaster Document subject to English as well as New York law
Trade Finance: A New Asset ClassVarious groups working on the establishment in order to attract alternative investors
Drivers: expected growth of world trade coupled with Basel III capital restraints
ICC Trade RegisterReports - low risk of trade reconfirmed
Shaping the Future
Trade Services: Expertise and experience since 1870
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015 42
Trade Services - Expertise and experience since 1870
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015 43
Trade Facilitation Programmes (TFP)
• Coverage of the political and commercial risk arising from international trade transactions in favour of „confirming banks“
• Assistance and Facilitation of International Trade
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015 44
Expected growth of global trade
Source: World Trade Organization (WTO), Commerzbank
+15%
+11%
2004 2005 2006 2007 2008 2009 2010 2011 2012 20130
5
10
15
20
Global Trade of Goods (Export volumes)USD Trillion
2014
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015 45
Commerzbank at a glance
Commerzbank is chosen Bank No. 1 for the German Mittelstand and is one of the leading retail and corporate financing banks in Germany and has a wide spread network around the globe.
We accompany the global business of our clients.
› Founded: 1870 as "Commerz- und Discontobank" in Hamburg › Balance Sheet: EUR 558 bln. (12/2014) › Core Capital Ratio: 11,87% (12/2014) › Rating: Baa1 / P-2 (Moody's)
BBB+ / A-2 (S&P)BBB positive / F2
› Employees: 52.000 thereof 12.019 abroad› Clients: 15 mln. Private private customers, one mln. business
and corporate clients› Presence: 1.200 entities / branches in Germany
worldwide: 23 branches, 35 Representative Officesfurther subsidiaries and Group companies inmore than 50 countries
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015 46
Axel Nikolaus Bommersheim | Regional Head CIS, Baltic Countries, Mongolia | Singapore 9. September 2015
Axel Nikolaus BommersheimRegional HeadDirectorCommerzbank AG, MSB-FI Frankfurt/M.Tel. +49 69 136 23656Mail [email protected]
47