Andrew England, head of transaction banking at Lloyds, has left the bank after his role was incorporated into a new operating structure led by Ed Smith. The transaction...

Moroccan juice producer Citruma has received €5.5 million ($7.4 million) in financing from the European Bank for Reconstruction and Development (EBRD), to fund the...

VTB Bank has signed a general agreement with Arctech Helsinki Shipyard, in which Russia’s United Shipbuilding Corporation (USC) has a major shareholding. The agreement is...

Bashkortostan-based oil trader Atek has received a boost from VTB Bank in the form of a credit facility with a RUB 5 billion ($142 million) limit.

Morocco’s Office National de l'Electricité et de l'Eau Potable (ONEE) is to receive a €65 million ($88 million) sovereign guaranteed loan from the European Bank for...

Russian coal mining company Siberian Coal Energy (Suek) has secured a five-year, $1.5 billion syndicated pre-export finance (PXF) facility. The deal was signed on 28...

The president of the Export-Import Bank of the United States (US Ex-Im), Fred Hochberg, has highlighted the achievements of the agency in recent years as he appeared...

First Quantum Minerals (First Quantum) has formally mandated banks to arrange a new $2.5 billion five-year term loan and revolving credit facility. The company has also...

Hans Krohn, head of trade products at Commerzbank, heralds the bank’s success of its CoTrax Finance II-1 trade finance securitisation. But why has it taken so long for...

Michael F Jackson, former vice president of ACI’s electronic bill presentment and payment (EBPP) group, has been appointed head of Americas cash management at Fundtech,...

HSBC China has opened a sub-branch in the Shanghai pilot free trade zone (FTZ) to facilitate cross-border financial transactions for corporate customers.

The International Finance Corporation (IFC) has expanded its partnership with Ahli United Bank Egypt (AUBE) in a bid to enhance the country’s international trade activity...

The European Bank for Reconstruction and Development (EBRD) and HSBC Egypt have combined to provide a $100 million financing facility for independent Egyptian exploration...

KfW IPEX-Bank and AWAS Aviation Capital have closed the seventh financing under their eight aircraft ECA supported financing facility.

The Banking Environment Initiative (BEI) has set out trade financing solutions aimed at increasing sustainability in the commodity trade sector, in a report entitled...

The Export Insurance Agency of Russia (Exiar) and Biaxplen, a subsidiary of Russia’s industrial group Sibur, have entered into a comprehensive export credit insurance...

Political risk insurance (PRI) broker Berry Palmer & Lyle (BPL Global) is expanding its operational scope in Asia with the hiring of Margaret Ho as a senior broker for...

Anton Martin has been appointed managing director and head of sales in global markets at the National Bank of Abu Dhabi (NBAD), bolstering the bank’s West-East corridor...

The renminbi (RMB) has achieved a symbolic milestone after it became the eighth most used currency for global payments, according to the Society for Worldwide Interbank...

Euler Hermes Americas has reached an agreement with HSBC to provide direct access to trade credit insurance (TCI) for the bank’s US customers, following a global...