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Europe

Succeeding through change

 

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Business in Europe

Consider These Top 10 Issues

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Navigating through a Changing Economic Environment

The transatlantic economy generates close to $5 trillion in total commercial sales a year and employs up to 15 million workers in mutually “on shored” jobs on both sides of the Atlantic.[1]  According to the U.S. Census Bureau, U.S. exports to Europe totaled nearly $318.5 billion in 2016 and imports more than $483.4 billion. Those numbers are already rising in 2017.

Although Brexit may be top of mind, market instability, negative interest rates and currency volatility are important challenges for companies doing business in the continent and the UK. PNC provides on-the-ground support and insight to help U.S. companies navigate the day-to-day challenges of doing business in this essential market.

Streamline your European Cash Management

Get On-the-Ground Support

PNC’s London office provides updates on doing business in the market, regulatory changes and analysis and referrals for essential treasury management services. The office also makes strategic introductions to accounting firms, law firms and economic development offices to help you facilitate business set-up and expansion.

Simplify European Receivables

Europe Express offers specialized multicurrency accounts that provide U.S.-based organizations and their subsidiaries conducting business in Europe access to an International Bank Account Number (IBAN). This IBAN facilitates the collection of the Euro (EUR) and/or Great British Pound (GBP) via local payment systems in Europe.

Optimize your International Cash Flow

PINACLE, PNC’s top-rated corporate online and mobile banking portal, gives you access to account reporting, initiation of international and domestic wire transfers from accounts held at PNC and other foreign banks, and USD-equivalent balances for foreign currency accounts. You can also enter ad hoc rates for sensitivity analysis.

Set Up In-Country Accounts

Through a network of key banks located in Europe, PNC’s Gateway Services serves as an intermediary between you and the selected bank to streamline the account opening process and reduce the impact of language and regulatory barriers. You can access reporting and make transfers via PINACLE®.

Get Introductions to Correspondent Banks

PNC can introduce you to correspondent banks that can meet your local bank account needs in Europe and around the world.

Develop Foreign Exchange Strategies

Exchange rate fluctuations may increase the cost of international goods and/or reduce the value of foreign currency revenue, which can significantly impact your budget. On the other hand, sourcing or selling products or services in a foreign currency, rather than U.S. dollars, may be advantageous and can help improve your competitive position.

Lending and M&A

Access to Cross-Border Financing

PNC Business Credit UK is a leading provider of cash flow lending and second lien financing. We believe most companies have strengths that may never appear on a balance sheet or an income statement. Our flexible capital solutions can help you meet your goals.
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Benefit from Experienced M&A Services

Harris Williams, an investment bank specializing in M&A advisory services, collaborates as one firm to advise and advocate for clients worldwide through critical milestones and during the lives of their business to strategically create value.
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On the Ground Support

PNC's offices can provide current insight into the rapidly changing UK and European markets.

PNC's London Office

We provide advisory support and guidance to commercial companies doing business in the UK & Europe.

+44 (0)20 7629 8761

Business Credit UK Head Office

We help a wide range of businesses meet their goals by fueling acquisitions, recapitalisations, expansions and turnarounds.

+44 (0)1444 475820

donedeal@pncbusinesscredit.co.uk


Related Resources

Important Legal Disclosures & Information

  1. Transatlantic Economy 2014, http://transatlantic.sais-jhu.edu/publications/books/TA2014/TA2014_Vol_1.pdf

PNC General Disclosure

The information contained herein (“Information”) was produced by an employee of PNC Bank, National Association’s (“PNC Bank”) foreign exchange and derivative products group. Such Information is not a “research report” nor is it intended to constitute a “research report” (as defined by applicable regulations). The Information is of general market, economic, and political conditions or statistical summaries of financial data and is not an analysis of the price or market for any product or transaction. This Information is for general information purposes only and is not intended as legal, tax, accounting, or financial advice, or recommendations to sell currencies or securities or to engage in any specific transactions and does not purport to be comprehensive. Under no circumstances should any Information be used or considered as an offer or solicitation of an offer to participate in any particular transaction or strategy. PNC is a registered service mark of The PNC Financial Services Group, Inc. (“PNC”). Foreign exchange and derivative products are obligations of PNC Bank, Member FDIC and a wholly owned subsidiary of PNC. Foreign exchange and derivative products are not bank deposits and are not FDIC insured, nor are they insured or guaranteed by PNC Bank or any of its subsidiaries or affiliates.

Foreign exchange and derivative products are obligations of PNC Bank, Member FDIC and a wholly owned subsidiary of PNC. Foreign exchange and derivative products are not bank deposits and are not FDIC insured, nor are they insured or guaranteed by PNC Bank or any of its subsidiaries or affiliates.

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