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NIB appoints new CFO
NIB appoints new CFO
Dalia Gebrial
29 September 2014

Nordic Investment Bank (NIB) has appointed Björn Ordell as its new chief financial officer, vice president and head of risk and finance.

Misys launches integrated corporate banking platform
Misys launches integrated corporate banking platform
Dalia Gebrial
29 September 2014

Misys, the financial software provider, has just launched Misys FusionBanking Corporate FrontOffice, a unified corporate client front end, which is integrated with enterprise pricing and credit lifecycle management.

EDC and K-sure sign reciprocal reinsurance agreement
EDC and K-sure sign reciprocal reinsurance agreement
Dalia Gebrial
26 September 2014

The export credit agencies (ECA), Export Development Canada (EDC) and Korea Trade Insurance Corporation (K-sure), have agreed to collaborate on transactions involving Canadian and South Korean companies. The move comes shortly after Canada and South Korea signed a landmark free trade deal, considerably increasing trade ties between the two countries.

SWIFT report shows rapid growth in RMB transactions
SWIFT report shows rapid growth in RMB transactions
Dalia Gebrial
26 September 2014

SWIFT’s RMB Tracker, which provides a monthly report on the international use of the renminbi (RMB), has found that global RMB payments have nearly tripled in value over the past two years, with one third of financial institutions now actively using RMB for payments to China and Hong Kong. This signals a 35% growth in the number of institutions doing so.

Finnvera extends export credit guarantees to domestic companies investing in Finland
Finnvera extends export credit guarantees to domestic companies investing in Finland
Hesham Zakai
25 September 2014

Finnish export credit agency (ECA) Finnvera has extended its export credit guarantees programme to industrial companies making export related investments in Finland, following a change in the country’s Export Guarantee Act.

OPIC Issues first ‘green’ guarantees supporting investments
OPIC Issues first ‘green’ guarantees supporting investments
Jonathan Bell
25 September 2014

The Overseas Private Investment Corporation (OPIC) has issued its first-ever ‘green’ guarantees to eligible US investors in domestic debt capital markets. These US government-guaranteed obligations adhere to the Green Bond Principles of 2014, developed in collaboration with leading capital markets issuers, investors, underwriters and environmental groups.

EBRD annual TFP forum focuses on overcoming regional challenges
EBRD annual TFP forum focuses on overcoming regional challenges
Dalia Gebrial
24 September 2014

The European Bank for Reconstruction and Development (EBRD) held its annual trade facilitation programme (TFP) trade finance forum in London on the 22nd and 23rd of September. The conference included a range of panels and presentations, on topics varying from local currency and capital markets development, to factoring in EBRD countries of operations.

ICC appoints new vice-chair ICC for customs and trade facilitation
ICC appoints new vice-chair ICC for customs and trade facilitation
Jonathan Bell
24 September 2014

The International Chamber of Commerce (ICC) has appointed Luis Fernando Barbosa Sahagun as the new vice-chair of the Commission on Customs and Trade Facilitation.

Trade insurer Markel appoints head of Dubai office
Trade insurer Markel appoints head of Dubai office
Jonathan Bell
24 September 2014

Markel International, the specialist trade insurer, has appointed Leroy Almeida to head up its office in Dubai. The appointment follows Markel’s application to the Dubai Financial Services Authority (DFSA) to establish a company to operate within the Dubai International Financial Centre (DIFC).

Sace fund provides additional support for Italian SMEs
Sace fund provides additional support for Italian SMEs
Jonathan Bell
23 September 2014

Sace, Italy’s export credit agency (ECA), has strengthened its commitment to supporting the internationalisation of Italian SMEs with a new debt fund that will subscribe to bonds issued by companies pursuing exports and international development

JB's weekly round up - 23 September 2014
JB's weekly round up - 23 September 2014
Jonathan Bell
23 September 2014

On November 26th we will be hosting our first ECA-DFI Finance conference in Asia, at the “Sky100" - up on the hundredth floor of the ICC building in Kowloon.

OPIC appoints VP financial and portfolio management
OPIC appoints VP financial and portfolio management
Jonathan Bell
23 September 2014

The Overseas Private Investment Corporation (OPIC), has apointed Mildred Callear as vice president for financial and portfolio management. In the role she will oversee efforts to maintain and ensure the progress of OPIC’s active worldwide portfolio.

Afreximbank receives cash injection from shareholders
Afreximbank receives cash injection from shareholders
Hesham Zakai
22 September 2014

Shareholders of the African Export-Import Bank (Afreximbank) have given a boost to the agency’s operations in the form of a $500 million capitalisation, after authorising a share offering to the bank’s existing shareholders.

Nine month extension for US Ex-Im
Nine month extension for US Ex-Im
Dan Sheriff
19 September 2014

US Ex-Im president Fred Hochberg has reacted to the latest development in the reauthorisation saga

IFC provides loan and advisory support for Myanmar bank
IFC provides loan and advisory support for Myanmar bank
Dalia Gebrial
18 September 2014

The International Finance Corporation (IFC) is to support the Myanmar commercial bank, Yoma Bank, with a $5 million convertible loan and advisory services.

Turkey’s İşbank secures loan from international bank syndicate
Turkey’s İşbank secures loan from international bank syndicate
Dalia Gebrial
18 September 2014

İşbank, Turkey’s largest private bank, has secured a $1.3 billion loan from 41 banks across 18 countries. The loan has a one-year maturity period, and a one year extension option.

Hungarian Exim to support SMEs with EIB loan
Hungarian Exim to support SMEs with EIB loan
Hesham Zakai
17 September 2014

The Export-Import Bank of Hungary (Hungarian Exim) is to provide a significant boost to SMEs and midcaps in the country, after it received a €200 million ($257 million) credit line from the European Investment Bank (EIB) to support their endeavours.

New report forecasts most promising regions for trade
New report forecasts most promising regions for trade
Dalia Gebrial
17 September 2014

TXF asesses HSBC’s most recent global trade report, which focuses on the changing role played by emerging market economies in the landscape of the global economy.

RBS appoints new head of GTS Asia-Pacific
RBS appoints new head of GTS Asia-Pacific
Dalia Gebrial
16 September 2014

The Royal Bank of Scotland (RBS) has appointed Rohit Sawhney as head of global transaction services (GTS), Asia-Pacific.

Euler Hermes appoints new CEO for Gulf region
Euler Hermes appoints new CEO for Gulf region
Jonathan Bell
16 September 2014

Euler Hermes has appointed Mahan Bolourchi as its new chief executive officer (CEO) for the GCC (Gulf Cooperation Council) region. He will have responsibility for Euler Hermes operations in Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE.

JB's weekly round up - 16 September 2014
JB's weekly round up - 16 September 2014
Jonathan Bell
16 September 2014

We are pleased to launch the agenda for our Trade & Treasury event, which will be held in Munich on December 9 and 10.

Banksville appointment bolsters Latin American presence
Banksville appointment bolsters Latin American presence
Dalia Gebrial
15 September 2014

New York-based consultancy firm, Banksville Partners (BP), has appointed Hugo Pezzoni to its Buenos Aires office.

Turkey’s Aktif Bank secures trade funds through the ITFC
Turkey’s Aktif Bank secures trade funds through the ITFC
Jonathan Bell
15 September 2014

The International Islamic Trade Finance Cooperation (ITFC), a member of the Islamic Development Bank Group, has signed a $45 million murabaha agreement with Turkey’s Aktif Bank.

Standard Bank capitalises on liquid market with oversubscribed club loan for trade purposes
Standard Bank capitalises on liquid market with oversubscribed club loan for trade purposes
Jonathan Bell
15 September 2014

The Standard Bank of South Africa has signed a $560-million, 36-month term loan facility with a club of international banks.

Ambitious ITFA revamp looks to the future
Ambitious ITFA revamp looks to the future
Hesham Zakai
12 September 2014

The International Trade and Forfaiting Association (ITFA), formerly the International Forfaiting Association (IFA), has undergone an ambitious revamp focused on playing a bigger role in a changing market landscape and building a more viable structure for the future.

EssDOCS opens Americas HQ, and appoints office head
EssDOCS opens Americas HQ, and appoints office head
Dalia Gebrial
12 September 2014

EssDOCS, the provider of electronic documentation solutions within shipping and trade, has opened its first regional Americas headquarters office in Hoboken, New Jersey.

Finacity facilitates supplier finance program
Finacity facilitates supplier finance program
Dalia Gebrial
11 September 2014

Finacity corporation (Finacity), the receivables finance company, has assisted the closing and funding of an $80 million supplier finance company on behalf of a US company.

BNY Mellon predicts London and Singapore will emerge as RMB hubs
BNY Mellon predicts London and Singapore will emerge as RMB hubs
Dalia Gebrial
11 September 2014

In a recent report produced by BNY Mellon, the bank believes that London and Singapore could become key offshore renminbi (RMB) payments centres alongside Hong Kong by 2020.

Misys launches new suite of programmes
Misys launches new suite of programmes
Dalia Gebrial
11 September 2014

Misys, the financial software provider, has just launched Misys Connect, a suite of programmes designed to give customers direct access and links to cross-functional teams and expertise.

Falcon hires risk management team
Falcon hires risk management team
Dalia Gebrial
10 September 2014

Falcon Group, the alternative financier, has established a new team dedicated solely to risk management.

Afreximbank supports Ecobank’s bond issuance
Afreximbank supports Ecobank’s bond issuance
Jonathan Bell
9 September 2014

Ecobank Nigeria, a member of the pan-African Ecobank Group, has successfully concluded a highly-anticipated $200 million bond issuance aimed at raising needed capital for its operations. The issuance was carried out with advisory services provided by the African Export-Import Bank (Afreximbank).

Export and agency reshuffle at SMBC
Export and agency reshuffle at SMBC
Dan Sheriff
9 September 2014

Takashi Shimahara assumes full general manager role, and Jonathan Joseph-Horne becomes global coordinator, as Eli Hassine and Mini Roy depart

Finacity expands global client coverage
Finacity expands global client coverage
Dalia Gebrial
9 September 2014

Finacity Corporation (Finacity), the receivable finance company, has appointed David Viney in a move to expand its global client coverage.

Ex-J.P. Morgan executive Daniel Cotti joins Bolero
8 September 2014

StanChart appoints Karin Flinspach head of cash products
StanChart appoints Karin Flinspach head of cash products
Hesham Zakai
5 September 2014

UK-headquartered Standard Chartered bank (StanChart) has appointed former Citi employee Karin Flinspach as its new head of cash products for transaction banking.

Euler Hermes UK appoints BExA deputy chair to senior underwriter role
Euler Hermes UK appoints BExA deputy chair to senior underwriter role
Dalia Gebrial
5 September 2014

Euler Hermes UK has appointed Guillaume Simonnet as new senior regional commercial underwriter.

Bolivia’s BNB gets trade boost through
Bolivia’s BNB gets trade boost through
Dominik Kloiber
4 September 2014

Bolivia’s second largest bank in Bolivia by market share, Banco Nacional de Bolivia (BNB), has joined the International Finance Corporation’s (IFC) Global Trade Finance Programme (GTFP).

Turkish electronics company receives EBRD loan
Turkish electronics company receives EBRD loan
Dalia Gebrial
3 September 2014

The European Bank for Reconstruction and Development (EBRD) has signed a €50 million ($65.7 million) loan to Turkish consumer electronics and white goods producer Vestel Elektronik.

BBVA Paraguay gets IFC loan to support SME export trade
BBVA Paraguay gets IFC loan to support SME export trade
Jonathan Bell
3 September 2014

The World Bank’s International Finance Corporation, (IFC) has signed to provide Banco Bilbao Vizcaya Argentaria Paraguay, a subsidiary of Grupo BBVA, with a $60 million loan to expand access to finance for small and medium-sized entrepreneurs in the export sector and to promote international trade.

Happy birthday TXF
Happy birthday TXF
Dan Sheriff
2 September 2014

TXF News is one year old this week, thank you for all your support

Free webinar: Export finance in 2019 and beyond
Free webinar: Export finance in 2019 and beyond
Dan Sheriff
2 September 2014

TXF will be joined by UK Export Finance, the Berne Union, Citi and Deutsche Bank for a free webinar this Thursday, 4th September

DBS Bank makes senior trade appointments
DBS Bank makes senior trade appointments
Jonathan Bell
2 September 2014

Singapore-headquartered DBS Bank, which has made significant strides in its transaction banking offering over the past few years, has made two senior management appointments which will enable it to build on the solid momentum of the past five years. These changes reinforce DBS’ commitment to building a regional leading transaction banking business, one of the bank’s strategic priorities.

IFA to gather for annual conference (10-12 September)
IFA to gather for annual conference (10-12 September)
Jonathan Bell
2 September 2014

The International Forfaiting Association (IFA), the world’s premier body for trade finance, is holding its 41st Annual Conference in Barcelona from 10-12 September 2014.

Deutsche appoints new head of GTB and TF/CMC in Japan
Deutsche appoints new head of GTB and TF/CMC in Japan
Dalia Gebrial
2 September 2014

Deutsche Bank has appointed Peter Massion as head of global transaction banking (GTB) and head of trade finance and cash management corporates (TF/CMC) in Japan. The move, which was effective as of the 1st of September, comes as part of Deutsche Bank’s attempt to strengthen its influence in the rapidly growing region.

Zimbabwe’s FBC Bank gets boost with syndicated loan
Zimbabwe’s FBC Bank gets boost with syndicated loan
Dominik Kloiber
1 September 2014

Zimbabwe’s FBC Bank (FBC) has received a significant boost in its liquidity profile with a $60 million loan arranged by a syndicate of local and international banks. The financing has been facilitated by the support of African Export-Import Bank (Afreximbank), which is providing a comprehensive guarantee.

Coface appoints regional manager Asia-Pacific
Coface appoints regional manager Asia-Pacific
Jonathan Bell
1 September 2014

Credit insurer Coface has strengthened its organisation in Asia with the appointment of Hung Wong as regional manager Asia-Pacific.

Santander appoints new head of export and agency Asia
Santander appoints new head of export and agency Asia
Jonathan Bell
1 September 2014

Santander has appointed Ivan Leung as head of export and agency finance, Asia-Pacific, global transaction banking. No announcement was made by Santander, although the bank has confirmed the appointment with TXF.

JB's weekly round up - 01 September 2014
JB's weekly round up - 01 September 2014
Jonathan Bell
1 September 2014

Happy birthday us! It feels like only yesterday that we officially launched TXFnews.com. Over 1000 stories later and we have reached our first milestone.

Rabobank promotes Jan de Laat to CCO Africa
Rabobank promotes Jan de Laat to CCO Africa
Jonathan Bell
29 August 2014

Rabobank International has promoted Jan de Laat to chief commercial officer (CCO), Africa.

ANZ names new head for SE Asian trade
ANZ names new head for SE Asian trade
Jonathan Bell
29 August 2014

ANZ has named Gareth Coleman as the new head of transaction banking for the bank in three South-East Asian countries - Cambodia, Laos and Myanmar.