TXF in depth

Building on the halal brand with ECI Islamic
Building on the halal brand with ECI Islamic
Katharine Morton
3 November 2020

Etihad Credit Insurance (ECI) has bold ambitions, and launching an Islamic Finance suite of products in the eye of the COVID-19 crisis is part of its positive push to narrow the trade finance gap and tap into the potential of the halal market globally. TXF spoke to both ECI’s CEO, Massimo Falcioni, and to Zishan Iqbal, Director of Murabaha Solutions, about the agency’s plan and the products.

Export finance rolls up its sleeves for business
Export finance rolls up its sleeves for business
Jonathan Bell
28 October 2020

TXF World Fair delegates have embraced private virtual meetings with 6,700+ private meetings arranged so far! Around the virtual conference business is being done across the breadth of the TXF platform. Elsewhere, in the last few days Berne Union members have voted in Michal Ron as the new president, and the largest solar farm in sub-Saharan Africa to date gets Swedish ECA backing.

A49: A question of roads support
A49: A question of roads support
Thomas Hopkins
27 October 2020

The recent A49 road PPP concession financing is the third of Germany's new generation availability-based road schemes to close. All three have been heavily backed by the EIB. But with EIB lending policies under environmental review – EIB support for future roads projects that are easily able to raise competitive finance in the commercial market must be less certain.

TXF Originals

Equinor mandates lead bank on Empire Wind project
24 November 2020

Norwegian energy company Equinor has mandated Societe Generale for the financing of its 816MW Empire Wind offshore wind project in New York. The Frenc...

Export financing arm of Ferrostaal Equipment bought by Jebsen & Jessen
23 November 2020

Ferrostaal Trading, a German industrial service group and majority-owned subsidiary of MPC Münchmeyer Petersen (MPC), has sold the transportation...

ACWA-led team mandates banks for TRSDC
23 November 2020

An ACWA Power/Energy China team has mandated banks on a $1.3 billion loan to finance the utilities piece of The Red Sea Development Company’s (T...

IFC invites EoIs for Nigerian solar PV scheme
23 November 2020

The IFC and the Nigeria Sovereign International Authority (NSIA) have invited expressions of interest from consultancy firms for legal advisory servic...

Cuchilla Grande consortium tapping IDB Invest for road PPP debt
19 November 2020

The Circuito Seis Cuchilla Grande consortium – comprising ROVER ALCISA and Construcciones Viales y Civiles – has approached IDB Invest for...

TXF Data

Export & Agency Finance Lender H1 2020

Bank USDm No %
1 Sumitomo Mitsui Banking Corporation (SMBC) 3757m 29 8.1%
2 KfW IPEX-Bank 3172m 30 6.8%
3 BNP Paribas 2744m 37 5.9%
4 Citi 2518m 9 5.4%
5 Industrial and Commercial Bank of China (ICBC) 2092m 6 4.5%
6 Mizuho 2066m 18 4.4%
7 MUFG Bank 2052m 22 4.4%
8 Santander 1979m 26 4.3%
9 Deutsche Bank 1952m 11 4.2%
10 Société Générale 1805m 24 3.9%

Commodity Trade Finance Lender H1 2020

Bank USDm No %
1 JP Morgan 4857m 11 7.3%
2 BNP Paribas 4734m 26 7.2%
3 Société Générale 3968m 27 6%
4 ING Bank 3874m 37 5.9%
5 MUFG Bank 2992m 21 4.5%
6 Sumitomo Mitsui Banking Corporation (SMBC) 2594m 16 3.9%
7 Crédit Agricole CIB 2535m 18 3.8%
8 Mizuho 2535m 17 3.8%
9 HSBC 2031m 14 3.1%
10 Rabobank 2026m 24 3.1%

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