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...
The financial fallout from NewSat's failed Jabiru-1 satellite project financing could be stratospheric. Investors are claiming $1 billion or more in damages from banks as part...
David Havlíček, CEO of EGAP, the Czech Republic’s export credit agency, discusses the fast evolution of the ECAs’ activity and the pilot plan with the European Investment Bank...
Afreximbank has signed on fresh financing for Nigeria’s oil & gas industry at a moment of crisis for the global energy business. The conflict in the Gulf has further underlined the fragility of international supply chains, but are West African producers set to take advantage?
The financial fallout from NewSat's failed Jabiru-1 satellite project financing could be stratospheric. Investors are claiming $1 billion or more in damages from banks as part of an ongoing lawsuit – but why did lenders and ECAs struggle to find a default cure?
David Havlíček, CEO of EGAP, the Czech Republic’s export credit agency, discusses the fast evolution of the ECAs’ activity and the pilot plan with the European Investment Bank that could help boost ECA capacity. Could it scale? He also discusses the extension of guarantee coverage to local suppliers in domestic projects that will facilitate nuclear infrastructure in particular. Hear more when EGAP hosts our global event in Prague in June.
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