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16 December 2015

Ivory Coast's $778m power grid loan with China Exim

Ivory Coast has signed a $778 million loan deal with Export-Import Bank of China (China Exim) to pay for upgrades to its national power grid. The financing will fund...

16 December 2015

Banco Privado Atlantico opens Namibian branch

Angola's Banco Privado Atlantico has opened a branch in Namibia in order to promote, among other things, trade finance. Officials said it was another step in...

15 December 2015

Lebanon becomes EBRD shareholder

Lebanon has become the latest country to be accepted as a member of the European Bank for Reconstruction and Development (EBRD). Lebanese authorities said the...

15 December 2015

Afreximbank's $3.5bn boost to trade finance liquidity

The African Export-Import Bank (Afreximbank) has launched a $3.5 billion programme to help member countries deal with the trade finance liquidity shortage. Afreximbank...

15 December 2015

Latin American exports set to plunge, warns IADB

Exports from Latin America and the Caribbean will drop about 14% in 2015 because of a fall in prices and weak demand from key trading partners, the Inter-American...

15 December 2015

Messerschmidt leaves Commerzbank to start SCF business at AKA

Commerzbank’s head of structured commodity trade finance (SCTF) Mario Messerschmidt has brought to an end his fifteen-year tenure at the bank, announcing his departure...

15 December 2015

EBRD approves China's membership bid

The European Bank for Reconstruction and Development (EBRD) board of governors has approved China's request to become a shareholder. The move will open up...

15 December 2015

Traders cash in amid oil price plunge

Companies are cutting costs amid the crude price crash but oil traders are making a killing. Trafigura reported record earnings just days after Glencore said it was...

15 December 2015

Mongolia's Oyu Tolgoi mine secures $4.4bn financing

Five export credit agencies (ECAs) and 15 banks have agreed a $4.4 billion project finance deal for the expansion of Rio Tinto's Oyu Tolgoi underground copper and...

15 December 2015

EXIAR backs exports of cranes to Belarus

The Russian Agency for Export Credit and Investment Insurance (EXIAR) and Transkapitalbank have agreed to a working capital financing insurance policy to boost exports...

14 December 2015

NIB provides new loan to Lithuanian Railways

The Nordic Investment Bank and the Lithuanian railway company AB Lietuvos gelezinkeliai have signed a new 15-year, €50 million loan agreement for the...

14 December 2015

BPL Global appoints new managing directors

Political risk insurance broker BPL Global today announced the appointment of James Esdaile and Sian Aspinall as joint managing directors. They succeed Robin Harper,...

14 December 2015

Glencore shares surge on debt-trimming plan

Shares in struggling mining giant Glencore surged in Hong Kong Friday after it said it had widened its debt-trimming plan as a sharp plunge in commodities prices...

14 December 2015

JBIC provides loan for Icelandic geothermal power plant

The Japan Bank for International Cooperation (JBIC) will provide an export loan of as much as $34 million for a 90-megawatt geothermal power project by Landsvirkjun in...

14 December 2015

Trafigura's annual net profit rises to $1.1bn

Commodities trading firm Trafigura reported on Monday an increase in annual net profit as it racked up record oil trading volumes, as well as an increase in metals....

14 December 2015

MUFG appoints new managing director of Corporate Banking Germany

Mitsubishi UFJ Financial Group’s (MUFG) banking arm, The Bank of Tokyo-Mitsubishi UFJ, today announced the appointment of Ed Langendam as managing director,...

14 December 2015

NIB provides SME loan facility to Iceland's Landsbankinn

The Nordic Investment Bank (NIB) and Iceland’s Landsbankinn have launched a five-year loan facility totalling €30 million for the financing of small and...

14 December 2015

Kexim to cut back on export finance assistance

The Export-Import Bank of Korea (Kexim) is planning to provide less export finance subsidies in 2016 than it did this year. The year-on-year decrease will be the first...

14 December 2015

Pulling the levers of the global economy: Inside the commodity trader Vitol

The Telegraph's Ben Marlow talks to Ian Talyor, chief execuitve officer of commodity trading monolith Vitol, about oil prices, geopolitics, and the daily...

11 December 2015
in
Infrastructure, Transport

Banks revealed in Eu1.5bn Carnival financing arranged by KfW IPEX

KfW IPEX-Bank recently arranged an approximate €1.5 billion ($1.65 billion) export credit agency-backed financing for AIDA Cruises, with the loan being taken by parent...