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The role of export credit in project financing
The role of export credit in project financing
Louis Taylor
1 May 2014

Although the operations of Berne Union members are diversified across various products, geographies, governance models, and regulatory systems, the growing role of ECAs in facilitating large medium- to long- term (MLT) export transactions has been clear for all to see in the years since the Lehman Brothers collapse almost toppled the world’s financial systems.

ECAs and the challenge of Islamic finance
ECAs and the challenge of Islamic finance
Topi Vesteri
1 May 2014

State-backed export credit agencies (ECAs), members of Berne Union’s medium- and long-term committee, are quick in responding to changing market needs. Over the past 15 years, there are a number of good examples of ECAs

ICIEC at 20
ICIEC at 20
Eng Yasser Alaki
1 May 2014

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the insurance arm of the AAA rated Islamic Development Bank Group (IDB) based in Jeddah, Saudi Arabia, has completed this year its 20 years of services in supporting trade and investment

On the ground activity in Africa
On the ground activity in Africa
George O. Otieno
1 May 2014

Africa 80 years ago was a much different place. In fact, when the Berne Union was launched, Africa was largely under colonial rule. A few decades later, with independence firmly seized, most struggled to control severe poverty rates and warring factions. An institution such as the African Trade Insurance Agency (ATI) was not even on the radar of African governments.

The benefits of providing export credit insurance for banks
The benefits of providing export credit insurance for banks
Geetha Muralidhar
1 May 2014

The role of international trade and its impact on the global economy has been revisited anew since the global economic crisis. This article examines the impact of international trade in recent years and the specific role that export credit agencies (ECAs) have played.

The TXF Wall of Sound
The TXF Wall of Sound
Dan Sheriff
1 May 2014

At the US Ex-Im conference in Washington DC, Team TXF got delegates to pen their song choices on the TXF Wall of Sound. Here are the results...

Short-term export credit insurance
Short-term export credit insurance
Berne Union
1 May 2014

Berne Union: Short Term Export Credit Insurance

Medium / Long-term export credit insurance
Medium / Long-term export credit insurance
Berne Union
1 May 2014

Berne Union: Medium/Long Term Export Credit Insurance and Lending

Investment insurance
Investment insurance
Berne Union
1 May 2014

Berne Union: Investment Insurance

Berne Union totals
Berne Union totals
Berne Union
1 May 2014

Data and statistics - totals

BNPP signs African risk agreement with AfDB
BNPP signs African risk agreement with AfDB
Jonathan Bell
30 April 2014

The African Development Bank (AfDB) has signed an unfunded €40 million ($54.8 million) risk participation agreement (RPA) with BNP Paribas (BNPP) to support the trade finance activities of African issuing banks.

NBAD recruits CFO from ANZ
NBAD recruits CFO from ANZ
Hesham Zakai
30 April 2014

The National Bank of Abu Dhabi (NBAD) has recruited James Burdett as its group’s new chief financial officer (CFO). Burdett joins the Emirates bank from Australia and New Zealand Banking Group (ANZ), where he held roles as CFO for international & institution banking and, before that, CFO for the bank’s Asia, Pacific, Europe and Americas operations.

Banking sector seeks to harmonise supply chain finance terminology
Banking sector seeks to harmonise supply chain finance terminology
Jonathan Bell
30 April 2014

Five leading business associations have joined forces with the International Chamber of Commerce (ICC) Banking Commission to undertake a major project to standardise and harmonise market terminology for global supply chain finance products and services.

US Ex-Im appoints sub-Saharan Africa committee
US Ex-Im appoints sub-Saharan Africa committee
Jonathan Bell
30 April 2014

The Export-Import Bank of the United States US Ex-Im has appointed the 11 members to its 2014 sub-Saharan Africa Advisory Committee.

Ashurst expands banking team in Asia
Ashurst expands banking team in Asia
Jonathan Bell
29 April 2014

International law firm Ashurst has made a series of appointments and developments that will increase the strength of its finance practice in Asia-Pacific.

Video: Geoff Wynne discusses mitigating trade finance transaction risks
Video: Geoff Wynne discusses mitigating trade finance transaction risks
Dan Sheriff
29 April 2014

Geoffrey Wynne, head of the trade and export finance group at Sullivan & Worcester (S&W), and Simon Cook, partner in the same group, tackle the subject of ‘What to do about risk in trade finance transactions’ as part of the S&W Breakfast Seminar Series.

BAFT and ICC seal cooperation agreement
BAFT and ICC seal cooperation agreement
Jonathan Bell
29 April 2014

The International Chamber of Commerce (ICC) Banking Commission, and BAFT, the international financial services association have agreed a cooperation agreement to improve consumer services and strengthen the global voice of the industry.

Boost for Egypt-Africa trade with AfDB risk agreement
Boost for Egypt-Africa trade with AfDB risk agreement
Jonathan Bell
25 April 2014

Egyptian trade with African countries looks set for a boost following the signing of a risk participation agreement between Egypt’s Commercial International Bank (CIB) and the African Development Bank (AfDB).

JB's weekly round-up - 21 April 2014
JB's weekly round-up - 21 April 2014
Jonathan Bell
21 April 2014

So, it’s that time of year again! The US Ex-Im annual conference takes off with more than 1,000 lenders, insurance brokers, US exporters, international buyers, and government experts all in attendance this week in Washington DC – Thursday 24 through to Friday 25 April.

EBRD provides debut loan in Tunisia leasing sector
EBRD provides debut loan in Tunisia leasing sector
Hesham Zakai
16 April 2014

The European Bank for Reconstruction and Development (EBRD) has made its debut in Tunisia’s leasing sector with a €15 million ($20.8 million) senior unsecured loan to local leasing company Compagnie Internationale de Leasing (CIL).

Citi announces second Mexican receivables-backed fraud
Citi announces second Mexican receivables-backed fraud
Dan Sheriff
15 April 2014

Citi has announced a second suspected fraud within the Mexican unit of its transaction banking operation. This follows hot on the heels of the $400 million Oceanografia fraud, which saw the bank having to revise down yearly earnings.

CIT Group arranges financing for Heron Ventures drybulk vessels
CIT Group arranges financing for Heron Ventures drybulk vessels
Jonathan Bell
15 April 2014

US-headquartered CIT Group, a global leader in transportation finance, acting through CIT Maritime Finance has provided a $95.2 million senior secured credit facility to Malta-based Heron Ventures, a joint venture between Oceanbulk Shipping and ABY Group Holding.

WTO forecasts modest growth in global trade for 2014
WTO forecasts modest growth in global trade for 2014
Jonathan Bell
14 April 2014

The World Trade Organisation (WTO) has forecast that global trade will grow at a modest rate of 4.7% in 2014, and at a slightly faster rate of 5.3% in 2015.

US Ex-Im signs financing agreement with PTA Bank
US Ex-Im signs financing agreement with PTA Bank
Jonathan Bell
14 April 2014

The Export-Import Bank of the United States (US Ex-Im) has signed a $100 million financing agreement with the Eastern and Southern African Trade and Development Bank (PTA Bank) to help further develop trade between the US and eastern and southern African countries.

International Bank of Azerbaijan signs oversubscribed trade loan
International Bank of Azerbaijan signs oversubscribed trade loan
Jonathan Bell
14 April 2014

International Bank of Azerbaijan (IBA) has signed a dual currency syndicated term loan facility amounting to $160 million with a group of international banks.

ECA finance: a legal and regulatory update
ECA finance: a legal and regulatory update
Jonathan Bell
14 April 2014

Experts from Sullivan & Worcester give an update on the legal and regulatory landscape in the UK following the Chancellor's budget.

US Ex-Im promotes Annette Maresh to VP trade finance
US Ex-Im promotes Annette Maresh to VP trade finance
Hesham Zakai
14 April 2014

Annette Maresh has been promoted to vice president for trade finance, a position she has already been filling, at the Export-Import Bank of the United States (US Ex-Im). She will be responsible for an annual transaction portfolio of $5 billion and oversee a staff of more than 50.

Dentons extends presence in Africa
Dentons extends presence in Africa
Hesham Zakai
14 April 2014

Global law firm Dentons is extending its presence in Africa with a new office in Cape Town and plans to open further offices in Johannesburg and Francophone Africa later this year.

AfDB partners with Shelter Afrique to support housing projects
AfDB partners with Shelter Afrique to support housing projects
Hesham Zakai
14 April 2014

The African Development Bank (AfDB) is providing Shelter Afrique (Shaf), a pan-African financing institution for affordable housing, with a $20 million trade finance loan to enhance access to finance for small- and medium-sized businesses (SMEs) engaged in construction or real estate operations in Africa.

Economic renaissance in sub-Saharan Africa: harnessing its trade potential
Economic renaissance in sub-Saharan Africa: harnessing its trade potential
Florian Witt
14 April 2014

Florian Witt, head of Africa at Commerzbank, explains what corporates can do to mitigate their exposure to risks in the region and capitalise on Africa’s potential.

UKEF announces export refinancing facility
UKEF announces export refinancing facility
Francisco Anzola
13 April 2014

Guest post, CC solutions: In its efforts to increase exports and reduce the country's trade deficit, the British government has announced that export credit notes guaranteed by

MIGA makes senior appointments
MIGA makes senior appointments
Jonathan Bell
10 April 2014

The Multilateral Investment Guarantee Agency (MIGA), the political risk insurance and credit enhancement arm of the World Bank group, has made two senior appointments, with Carlo Bongianni to head its infrastructure team and Muhamet Bamba Fall to head its Asia hub.

Sberbank arranges RusHydro refinancing
Sberbank arranges RusHydro refinancing
Jonathan Bell
9 April 2014

Russian energy provider RusHydro Group has arranged a refinancing facility through Sberbank amounting to RUB2.776 billion ($77.3 million).

VimpelCom secures RCF and term loan
VimpelCom secures RCF and term loan
Jonathan Bell
9 April 2014

Russian telecom company VimpelCom has closed its latest revolving credit facility (RCF) with 11 international banks and a term loan facility with Alfa-Bank. The combined facilities amount to up to $2.3 billion.

Nexi signs reinsurance pact with Coface
Nexi signs reinsurance pact with Coface
Jonathan Bell
9 April 2014

Japan’s Nippon Export and Investment Insurance (Nexi) has signed a reinsurance agreement with Compagnie Française D'assurance pour le Commerce Extérieur (Coface), the French private credit insurance company.

BoE to accept UKEF-backed credit notes as collateral
BoE to accept UKEF-backed credit notes as collateral
Hesham Zakai
8 April 2014

The Bank of England (BoE) has announced that UK Export Finance-guaranteed debt capital market notes will be eligible as collateral against which banks can borrow from the BoE under the bank’s Sterling Monetary Framework (SMF).

Macquarie extends facility with Trade Finance Partners
Macquarie extends facility with Trade Finance Partners
Dan Sheriff
8 April 2014

Trade Finance Partners (TFP), the boutique trade financier, has secured an extended facility with Macquarie Bank to support further growth.

Bpifrance hires D’Ambrieres for new export credit initiative
Bpifrance hires D’Ambrieres for new export credit initiative
Dan Sheriff
8 April 2014

Henri D’Ambrieres will join Bpifrance as a consultant to spearhead a new initiative to support French exporters.

Commerzbank appoints Jörg Motel head of FI Asia
Commerzbank appoints Jörg Motel head of FI Asia
Hesham Zakai
8 April 2014

Commerzbank has appointed Jörg Motel as its new head of financial institutions (FI) for Asia, replacing Harald Lipkau.

RBS launches Chinese multi-bank cash solution
RBS launches Chinese multi-bank cash solution
Jonathan Bell
8 April 2014

The Royal Bank of Scotland (RBS) has launched a new multi-bank solution in China that enables corporates to manage accounts from Chinese banks through a single global electronic banking platform.

JB's weekly round-up - 07 April 2014
JB's weekly round-up - 07 April 2014
Jonathan Bell
7 April 2014

Everything you need to know about trade finance.

Barclays names new head of trade and working capital UK
Barclays names new head of trade and working capital UK
Jonathan Bell
7 April 2014

Barclays has appointed Karl Trumper as head of trade & working capital UK.

Orbian appoint European managing director
Orbian appoint European managing director
Dan Sheriff
2 April 2014

Orbian, the supply chain finance company, has hired Henrik Junker as managing director.

Trade reshuffle at BNP Paribas
Trade reshuffle at BNP Paribas
Dan Sheriff
2 April 2014

BNP Paribas Corporate and investment Banking has created a new global trade and transaction banking business line, headed by Marc Carlos in Paris.

Trade Credit Insurance in the MENA Region
Trade Credit Insurance in the MENA Region
Karim Nasrallah
1 April 2014

Within the MENA region, it was only on the back of the international financial crisis in 2008 that a strong awareness was created for trade credit insurance as a protection against companies' failure to pay. Adding to the financial instability and the lack of liquidity in the markets, the ''Arab Spring" has also brought another surge in demand for credit risk protection, including political risks.

Sberbank Europe inks debut syndicated term loan
Sberbank Europe inks debut syndicated term loan
Jonathan Bell
1 April 2014

Sberbank Europe, the Vienna-headquartered subsidiary of Sberbank of Russia, has signed a debut syndicated term loan facility totalling €350 million ($482.7 million).

The rising role of ECAs in enabling liquidity
The rising role of ECAs in enabling liquidity
Louis Taylor
1 April 2014

There has been a marked difference in how project markets view export credit agency (ECA) support in the wake of the 2007-08 financial crisis, writes David Godfrey, Chief Executive, UK Export Finance (UKEF) Although the operations of Berne Union members are diversified across various products, geographies, governance models, and regulatory systems, the growing role of ECAs in facilitating

ECAs and DFIs
ECAs and DFIs
Arun Kumar Sharma
1 April 2014

Export Credit Agencies and development finance institutions have very different purposes, mandates and in the case of multilateral institutions, ownership structures. However there are many important areas of overlap where the pursuit of different mandates and different policy objectives

Zenith Bank secures AfDB credit line
Zenith Bank secures AfDB credit line
Jonathan Bell
31 March 2014

Nigeria’s Zenith Bank has secured a $125-million line of credit from the African Development Bank (AfDB), which the bank will use to onlend to small and medium-sized enterprises (SMEs) in Nigeria for trade purposes.

IFC targets tourism in Myanmar
IFC targets tourism in Myanmar
Hesham Zakai
27 March 2014

The tourism industry in Myanmar is receiving a boost from the IFC, which is lending $80 million to Shangri-La subsidiaries to develop its hospitality business in the country. The financing continues the IFC’s support for Myanmar, where it hopes to strengthen the private sector through investments and reforms.