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23 May 2018

Australia's Big Four admit SME loan mistakes

Australia’s 'Big Four' lenders - Westpac, Australia and New Zealand Banking Group, Commonwealth Bank of Australia and National Australia Bank -...

23 May 2018
in
Transport

McCann FitzGerald hires Richard Gill to New York office

McCann FitzGerald is increasing its investment and expand its reach in the US market with the appointment of senior associate Richard Gill to its New York office....

23 May 2018
in
Metals and Mining

Ferroglobe reports net profit rise to $35.6m

UK-headquartered metal producer Ferroglobe has reported a net profit of $35.6 million for the first quarter of the year, up from $6.3 million in the previous quarter....

23 May 2018
in
Oil & gas

Gazprom raises bilateral loan from Credit Agricole

Gazprom has raised a €600 million ($702 million) five-year loan from Credit Agricole despite Alexei Miller (Gazprom's chairman of the management...

23 May 2018

BSTDB and Ameriabank support SME lending in Armenia

The Black Sea Trade and Development Bank (BSTDB) and Yerevan-headquartered Ameriabank have signed a $15 million, five-year loan agreement to boost Armenian small and...

23 May 2018

Development Bank of Ethiopia President Nana resigns

Getahun Nana, president of the Development Bank of Ethiopia, has resigned. He has been at the lender for the past two years, moving from his former post as vice governor...

23 May 2018

Rusal's Asia sales chief Chris Hoet leaves the company

Chris Hoet, the head of UC Rusal's Asia sales team, has left the embattled Russian aluminium producer, which continues to grapple with the fallout from being placed...

22 May 2018
in
Oil & gas, Power

MET Group closes RCF

European energy company MET Group has closed a €50 million ($58.5 million) debut in the medium-term senior unsecured revolving credit (RCF) market to...

22 May 2018

Lerch hired by DZ Bank export finance

Ralph Lerch has joined DZ Bank's international trade & export finance team in Frankfurt. He will report to Winfried Münch, global head of trade & export...

22 May 2018

BNDES: Same name – new purpose

The bank that liked to say yes too often, BNDES is under new management and has a new mission: to do more to promote effective infrastructure investment with less money....

22 May 2018
in
Renewables

First UK zero-subsidy corporate PPA-backed wind farm financed

Energiekonter has closed a £10.4 million ($13.9 million) facility with NordLB to finance the 8.2MW Withernwick II wind farm in the UK. The scheme, which is...

22 May 2018

AfDB and and UN link up to boost Africa cooperation

The African Development Bank (AfDB) and the UN Industrial Development Organisation (UNIDO) have signed a memorandum of understanding to step up collaboration to boost...

22 May 2018

Top takeaways from TXF Natural Resources & Commodity Finance 2018

From patterns in consolidation, competition and coal to local liquidity, legal issues and leveraging the power of sustainability, there were a number of content takeaways...

22 May 2018

NDB plans to launch Americas Regional Office in Brazil

The New Development Bank - consisting of Brazil, Russia, India, China and South Africa - is planning to launch its Americas regional office in Brazil this year. The...

22 May 2018

NIB and SpareBank 1 Nord-Norge sign second loan facility

The Nordic Investment Bank and Norway's SpareBank 1 Nord-Norge have launched a new €104 million loan facility for small and medium-sized enterprises and...

22 May 2018

Business leaders chosen to scrutinise UK's Financial Reporting Council

A group of 11 business executives in the UK have been chosen to lead the inquiry into the nation's accounting watchdog, the Financial Reporting Council, and assess...

22 May 2018

Isbank closes $1.5bn syndicated loan

Isbank has closed a $1.5 billion equivalent dual-currency term loan for trade finance on-lending. The facility has a maturity of 367 days with dual tranches...

22 May 2018
in
Oil & gas

Anadarko seeks to raise $14bn-$15bn for Mozambique LNG project

US-headquartered Anadarko Petroleum is seeking to raise a record $14 billion-$15 billion from banks and export credit agencies for its liquefied natural gas (LNG) project...

22 May 2018

MUFG and Akamai plan new blockchain payments service

MUFG plans a new payments service using blockchain technology implemented on US-based Akamai’s cloud delivery platform. The lender says the platform will offer...

22 May 2018
in
Oil & gas

NJ challenges FERC on PennEast pipeline approval

The New Jersey Attorney General has filed a petition with the District of Columbia Circuit Court for a hearing of the state's arguments against the Federal Energy...