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11 October 2013

ABN AMRO targets Asian commodity SIP growth

ABN AMRO is targeting growth in commodity structured inventory products (SIP) in Asia-Pacific with the launch of its first dedicated desk in Singapore. The services will...

11 October 2013

SG appoints head of payments and cash management

Société Générale (SG) has appointed Benoit Desserre as head of payments and cash management within the global transaction banking (GTB) division. He replaces Alain...

11 October 2013

PhosAgro opens trading arm in Singapore

Russian fertiliser producer PhosAgro has opened a trading arm in Singapore, opening of PhosAgro Asia, which will focus on sales of mineral fertilisers to countries in...

09 October 2013

EBRD and IFC provide loans for Turkish agri-sector

The European Bank for Reconstruction and Development (EBRD) is to provide a €60 million ($81.6 million) loan to Turkey’s Sekerbank, as part of a programme to assist...

09 October 2013

EBRD co-finances wind farms in Poland

The European Bank for Reconstruction and Development (EBRD) is providing a long-term (see below) loan of up to PLN292 million ($94.3 million equivalent) to a group of...

08 October 2013

Chilean ship company secures Korean export credit

Chilean shipping company Compania Sud Americana de Vapores (CSAV) has secured export credit financing with a consortium of banks and Korean agencies to support the...

07 October 2013

Sberbank and JBIC sign export credit financing agreement

Russia’s Sberbank has signed a general financing agreement with Japan Bank for International Cooperation (JBIC), under which financing amounting to $600 million will be...

07 October 2013

Stanbic IBTC signs pact with John Deere and Tata for Nigerian-agri

Stanbic IBTC Bank, a member of Stanbic IBTC Holdings, has signed a collaboration pact with Tata Africa Services and John Deere Financial, whereby Stanbic IBTC Bank will...

07 October 2013

XL Group makes hire for trade credit market

XL Group's political risk and trade credit business has hired Jeffrey Abramson as senior vice president and global product leader for its expansion into the Supplier...

04 October 2013

Banks arrange pre-payment for Trafigura’s Rosneft deal

A bank syndicate has arranged a $1.5 billion pre-payment facility for trading company Trafigura, to be used for oil purchases in Russia. Trafigura will use the...

04 October 2013

PTA Bank gets cash injection from AfDB

The Eastern and Southern African Trade and Development Bank (PTA Bank) has received a cash injection form the African Development Bank (AfDB), which is designed to boost...

04 October 2013

King & Spalding hires ex WTO deputy director

International law firm King & Spalding has hired Alejandro Jara, former deputy director general of the World Trade Organisation (WTO), as senior counsel in the WTO and...

04 October 2013

Afrexim signs loan for Senegal’s GFM imports

The African Export-Import Bank (Afrexim) has extended a €18.2 million ($24.7 million) credit facility to Senegal-based Groupe Futurs Media (GFM) for the import and...

03 October 2013

Russian Copper Company launches PXF

Russkaya Mednaya Kompaniya (Russia Copper Company – RCC) has launched a pre-export finance (PXF) facility of up to $250 million.

03 October 2013

Ecom Agroindustrial signs revolver

Swiss-headquartered agri-trading company Ecom Agroindustrial has signed its latest revolving credit facility (RCF), originally launched in August (TXF News 12 August).

02 October 2013

Rusal appoints new CFO and reorganizes finance office

Russian aluminium producer Rusal has made changes in its finance directorate and appointed a new chief financial officer (CFO).

02 October 2013

Harris Antoniou appointed as CEO of AMCI

Swiss-headquartered, specialist natural resource trading and transportation company, AMCI, has hired Harris Antoniou as its new chief executive officer (CEO), effective 1...

02 October 2013

ICBC provides first rand financing

The Industrial and Commercial Bank of China (ICBC) has provided more than ZAR180 million ($18.2 million) financing to a 27MW wind project near Nelson Mandela Bay, Eastern...

01 October 2013

US Ex-Im recruits Claudia Slacik for SVP export finance role

The Export-Import Bank of the United States (US Ex-Im) has recruited Claudia Slacik as chief banking officer and senior vice president for export finance. She joins US...

01 October 2013

Brazil secures US Ex-Im support for agribusiness aircraft

The Export-Import Bank of the United States (US Ex-Im) is supporting the purchase of two American-manufactured agricultural aircraft by a Brazilian soybean and...