News
23 September 2020

BNP Paribas Swiss business joins commodity trade finance exodus

Region:
Europe

The Swiss arm of France’s BNP Paribas said it is closing its commodity trade finance business, becoming the latest bank to withdraw after the coronavirus crisis led to defaults and exposed a series of frauds.Industry sources have said the BNP division has struggled to be profitable since...

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

You might also like


Video
14 July 2026

Uncertainty is the unwelcome gift, but pipeline grows for...

Speaking at TXF Global, Jebsen & Jessen CEO Ralf Schwarzhaupt highlighted a booming project pipeline despite Middle East headwinds, calling for fewer regulations, faster...

Perspective
15 July 2026

KBU: A lesson in long ECA tenors in Africa

Long tenors remain the scarce commodity in Sub-Saharan social infrastructure. But Mitrelli has reached financial close on a 19-year Atradius-backed loan for the Katyavala...