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27 February 2014

Ukrainian crisis hits Western banks in different way to 2008/9

The crisis in Ukraine is one of considerable concern for all banks involved in the market. Potential exposure is considerable. But in a report released today by...

26 February 2014

FIMBank makes senior team hire

Malta-headquartered FIMBank has hired Thomas Degen to its senior management team.

26 February 2014

Barclays appoints head of international and trade

Barclays Business has appointed Steve Childs as head of international and trade for business banking. He will be based in London, UK.

26 February 2014

Senegal agri-sector gets trade boost from IFC and BICIS

The IFC has launched a risk-sharing facility with Banque Internationale pour le Commerce et l’Industrie du Sénégal (BICIS) that will improve access to finance for the...

24 February 2014

Bunge revolver in syndication

Agricultural producer and trading company Bunge is in the market with a three year, $1.75 billion revolving credit facility (RCF).

21 February 2014

Euler Hermes to supply TCI for HSBC’s Malaysian clients

Euler Hermes has signed an agreement with HSBC as the exclusive supplier of trade credit insurance (TCI) products to HSBC commercial banking customers in Malaysia.

21 February 2014

IFC announces trade partner awards winners

The IFC has announced 25 financial institutions as its best partners in trade and supply chain finance for 2013. The presentations took place at the inaugural Global...

21 February 2014

Trafi signs to take stake in Chinese copper smelter

In a strategic move, commodity trader Trafigura together with Trafigura Investment (China) has signed an agreement to acquire a 30% equity stake in the Jinchuan Group's...

21 February 2014

IFC Lisbon gathering showcases success of programmes

With over 300 attendees at the IFC Global Trade Partners Meeting in Lisbon, Portugal over the past three days, the event demonstrates the success of the IFC’s various...

20 February 2014

ED&F Man launches RCF into syndication

UK-headquartered specialist agricultural trader and broker ED&F Man has launched its annual revolving credit facility (RCF) into general syndication.

20 February 2014

China’s Baoxin sets up RMB sweeping with StanChart

Chinese auto dealership Baoxin Auto Group has set up a non-quota-based renminbi (RMB) denominated two-way cross border sweeping transaction through Standard Chartered...

20 February 2014

Afreximbank signs loan with Nigeria’s Innoson

The African Export-Import Bank (Afreximbank) has signed a credit facility worth $20 million to Nigeria-based industrial company, Innoson Technical and Industrial Company...

19 February 2014

Norton Rose Fulbright opens Brazilian office

Law firm Norton Rose Fulbright is expanding its Latin America coverage with the opening of an office in Brazil. The firm’s Brazilian practice will initially be based in...

18 February 2014

IFC arranges loan for Myanmar Oriental Bank under GTFP

The IFC is providing a $5 million trade finance facility to Myanmar Oriental Bank (MOB) that will allow the bank to help local companies increase their imports and...

17 February 2014

Australia’s NewSat reaches financial close on Jabiru-1 satellite

Australian satellite company, NewSat, has reached financial close with the Export-Import Bank of the United States (US Ex-Im) and France’s Coface for $390.1 million of...

17 February 2014

UniCredit and Exiar signed cooperation pact

UniCredit has signed a cooperation agreement with the Russian Agency for Export Credit and Investment Insurance (Exiar). As such, UniCredit becomes the first foreign bank...

17 February 2014

Transbunker gains funds from VTB for oil terminal project

VTB Bank has signed a $17 million corporate loan for Russian bunkering company Transbunker Group. The funds will be used for general working capital and to acquire assets...

17 February 2014

Lenzing chooses Deutsche for RMB cross-border trade

Austrian-headquartered Lenzing Group (Lenzing) has selected Deutsche Bank’s global transaction banking division as its cash management bank in the Shanghai free trade...

17 February 2014

Poland’s Bank BPH enhances trade finance operations

Poland’s Bank BPH has enhanced its back-office trade finance capabilities with the signing of an agreement licensing the use of Surecomp’s latest version high-volume...

14 February 2014

Lundin Petroleum signs largest European RBL yet

Swedish-headquartered upstream oil firm Lundin Petroleum has signed a $4 billion reserve-based lending (RBL) facility. The new Lundin RBL is believed to be the largest...