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28 October 2013

Barclays provides bonds to Techflow Marine under UKEF scheme

Barclays has provided UK exporter Techflow Marine with a performance guarantee bond and warranty bond using the UK Export Finance (UKEF) bond support scheme.

28 October 2013

UniCredit Leasing Russia receives EBRD loan

The EBRD is lending RUB1.7 billion ($53.4 million) to UniCredit Leasing Russia (UCLR) – one of the country’s top leasing companies, with nationwide coverage. The...

28 October 2013

Standard Bank signs financing for Kenyan wind power

Standard Bank has signed a ground-breaking deal with independent power producer Aeolus Kenya (AKL), to build a $150-million wind power plant in Kenya. The 60.8MW...

25 October 2013

ICC in Vienna: Taylor and Affaki step down

Several significant changes to the ICC Banking Commission executive committee were announced during October’s meeting in Vienna. Long time industry stalwarts, Dan Taylor...

25 October 2013

Trade finance and the BPO: World Trade Organisation Public Forum 2013

Alexander Malaket, president of OPUS Advisory Services International, and managing director of Trade Finance Associates Ltd, reports on the trade finance and BPO panel at...

25 October 2013

Barclays expands trade finance team

Barclays is continuing to expand its tade finance team with the appointment of Geoff Parry as UK head of global corporates, trade finance. Parry joins Barclays from...

25 October 2013

ICC in Vienna: regulation will lead to trade bank consolidation

Regulation was the key challenge identified by panelists at an engaging opening session of the ICC banking commission meeting in Vienna.

24 October 2013

Ghana TEN FPSO ship financing secured

Project financing has been secured for a floating production, storage, and offloading system (FPSO) for use in the Tweneboa, Enyenra, Ntomme (TEN) oil fields offshore...

24 October 2013

BPO: Concerns over regulation addressed

An update on the progress of the Bank Payment Obligation (BPO) was provided at the ICC Annual Meeting in Vienna, Austria. Questions flew in thick and fast from bankers...

24 October 2013

Gunvor launches latest RCF

Energy trading company Gunvor Group has launched its latest syndicated loan – a $1.2 billion revolving credit facility (RCF). The loan is in favour of Gunvor...

24 October 2013

Kenya’s Triumph Power signs debt package for power plant

Standard Bank and the Industrial and Commercial Bank of China (ICBC) have signed a $108 million debt financing package with Triumph Power generating Company Kenya for the...

24 October 2013

FMO makes new appointments

Netherlands based development bank, FMO, has made two new appointments to its management structure. In the first instance, Jurgen Rigterink has been appointed as the...

24 October 2013

Factors Group appoints new chairman

Margrith Lütschg-Emmenegger has been name as the new chairman of the International Factors Group (IFG). Lütschg-Emmenegger, who is president at FIMBank in Malta, has...

23 October 2013

Garuda and StanChart complete delivery under SLB agreement

National flag carrier Garuda Indonesia has taken delivery of the final six Boeing 737-800 Next Generation (NG) aircraft under a previously inked 10-year sale and...

22 October 2013

Armenia’s ACBA secures EBRD loan

Credit Agricole Bank in Armenia (ACBA) has secured a three-year, $9 million local currency loan from EBRD for on-lending to micro, small and medium-sized enterprises...

22 October 2013

BNY Mellon hires EMEA market manager from Barclays

BNY Mellon has appointed Monika Aminiova as market manager for treasury services in Europe, the Middle East and Africa (EMEA) based in London. With the aim of...

22 October 2013

CDB and China Exim extend credit lines to VEB

China Development Bank (CDB) has agreed to provide facilities of up to $1.2 billion to Russian state-owned Vnesheconombank (VEB) during a regular meeting of Russian and...

22 October 2013

Fortune Oil secures loan facility

Asia-focused Fortune Oil has signed a $300 million loan agreement. The new facility will be used to repay the existing syndicated loan, provide the Company with working...

22 October 2013

Equinox adds syndicates and increases capacity

Equinox Global, the Lloyd’s coverholder specialising in trade credit, has increased its available capacity to underwrite from $35 million to $50 million, effective 1...

21 October 2013

Atradius DSB expands financing pool

Atradius Dutch State Business (DSB), the export credit agency of the Netherlands, has announced that banks outside the OECD area are now eligible for export credit cover...