BNDES, Brazil's development bank, saw loan disbursements drop 35% to about $21 billion in the first ten months of 2016 as Latin America's leading economy...

The euro has overtaken the Chinese yuan to become the second most-active currency for global trade finance, according to SWIFT. Slowing economic growth in China is...

Esayas Bahre, the long-serving president of the Development Bank of Ethiopia, has been dismissed. No reason for his removal was given in a letter he received from the...

KfW, the German development bank, has agreed a €60 million loan to support the construction of the fourth power plant, NOORo IV, of what will be the largest solar...

More than 3,000 financial institutions have signed up to SWIFT's Know Your Customer Registry - a repository which maintains a standardised set of details required...

While banks remain key to the trade financing process, the input of corporate trade finance through securitisations has been on the rise. A structure from Synthesis could...

Belgium's export credit agency (ECA), Delcredere|Ducroire, announced last week at the Credendo Group's 2016 Trade Forum in Brussels that come 1 January 2017 the ECA would...

Euler Hermes is set to insure Germany's industrial gases and engineering company Linde Group as it becomes the largest contractor of Iran's liquefied natural...

Karsten Herrmann, senior vice-president, manager political risk and trade credit at Munich Re America, has been sworn in as a member of the US Trade Finance Advisory...

The Asian Development Bank (ADB) and Asian Infrastructure Investment Bank (AIIB) have agreed to co-finance a gas field project in Bangladesh. ADB will lend $167...

The Export-Import Bank of China (China Exim) has agreed a $1 billion loan for railway projects across Nigeria. The money will be used to develop the Lagos-Kano line...

Export credit agencies (ECAs) The Export Guarantee Fund of Iran and the Brazilian Guarantees and Fund Managements Agency have agreed a deal to facilitate trade between...

The International Islamic Trade Finance Corporation (ITFC) has signed a memorandum of understanding (MoU) with the National Transport and Logistics Company in Morocco...

Moscow-based aluminium producer Rusal has sold Alumina Partners of Jamaica (Alpart) to China's Jiuquan Iron & Steel for $299 million. Rusal had owned Alpart...

The Japan Bank for International Cooperation (JBIC) and the Russian Direct Investment Fund (RDIF) will each pay about half into a $902 million fund to invest in...

The African Export-Import Bank (Afreximbank) has urged the continent's banks to use structured trade finance to counter the withdrawal of international banks and...

The COP22 United Nations Climate Change conference in Marrakech last week saw Saudi Arabian developer ACWA sign agreements for three photovoltaic power projects in...

Abu Dhabi Commercial Bank has closed a three-year $600 million senior unsecured term loan facility. Wells Fargo Bank London branch acted as sole initial mandated lead...

Petrobras, Brazil's state-run oil group, has had $60 million returned to it by prosecutors leading a major corruption scandal. The money was retrieved from senior...

The Office of the Attorney General of Switzerland has opened criminal proceedings against a former senior executive at commodity trader Trafigura in a case reportedly...