TXF Americas 2020
The fun in the sun returns! Bringing all key players together for two days of networking, we explore case studies of the latest deals and examine the next hot opportunities across the region.
James Burrows has been appointed senior vice president for the small business group at the Export-Import Bank of the United States.
Compagnie Générale d’Affacturage (CGA) of France, a fully-owned Société Générale subsidiary, has launched a new supply chain finance platform to support business growth for small and medium-sized companies (SMEs).
Armenian bank Ardshininvestbank has signed its first syndicated loan facility with international lenders. Moreover, the transaction represents the first syndicated deal for an Armenian financial institution in the bank loan market without multilateral agency support.
The crisis in Ukraine is one of considerable concern for all banks involved in the market. Potential exposure is considerable. But in a report released today by Raiffeisen Bank International, it highlights just how different that exposure is now for Western European banks to Ukraine compared to the financial crisis that hit in 2008/2009.
It is your last chance to register your input for the ICC Export Finance Global Survey, conducted by TXF. It is the first time this survey has been attempted by the ICC but with broad participation we will be able to paint an accurate, representative industry picture which we hope will be of use to everyone in the industry.
The European Bank for Reconstruction and Development has provided a boost to Morocco’s export and import community in the form of a $40 million trade finance line to commercial bank Crédit du Maroc for the financing of foreign trade.
The Royal Bank of Scotland (RBS) has expanded its global transaction services division, appointing Ray Zabarte as its new head of trade services. Zabarte, who was previously head of trade product management at Barclays, will also take up the post of chief administrative officer for trade.
Euler Hermes has signed an agreement with HSBC as the exclusive supplier of trade credit insurance (TCI) products to HSBC commercial banking customers in Malaysia.
The IFC has announced 25 financial institutions as its best partners in trade and supply chain finance for 2013. The presentations took place at the inaugural Global Trade Partners Awards Dinner at the conclusion of its 6th Global Trade Partners Meeting, which took place this week in Lisbon.
With over 300 attendees at the IFC Global Trade Partners Meeting in Lisbon, Portugal over the past three days, the event demonstrates the success of the IFC’s various trade facilitation programmes.
The National Bank of Egypt (NBE) has received the second half of a $100 million loan from the European Bank for Reconstruction and Development aimed at helping businesses in Egypt to carry out more international trade.
The African Export-Import Bank (Afreximbank) has signed a credit facility worth $20 million to Nigeria-based industrial company, Innoson Technical and Industrial Company (ITIC), for the purchase of raw materials and inputs for production of plastic goods.
Chinese auto dealership Baoxin Auto Group has set up a non-quota-based renminbi (RMB) denominated two-way cross border sweeping transaction through Standard Chartered Bank (StanChart).
Supply chain finance provider Crossflow Payments has strengthened its business development team with the appointment of Alistair Ward and Peter Renshaw as business development directors. Adrian Benjamin also joins the team as an assistant business development manager.
Law firm Norton Rose Fulbright is expanding its Latin America coverage with the opening of an office in Brazil. The firm’s Brazilian practice will initially be based in Rio de Janeiro. It will complement the other Latin American offices in Caracas, Venezuela and Bogota, Colombia.
Bpifrance, the French public investment bank, has announced a new funding mechanism aimed primarily at small and medium-sized enterprises (SMEs) to help French businesses export their goods abroad.
The IFC is providing a $5 million trade finance facility to Myanmar Oriental Bank (MOB) that will allow the bank to help local companies increase their imports and exports, generate more foreign exchange, and create employment.
UniCredit has signed a cooperation agreement with the Russian Agency for Export Credit and Investment Insurance (Exiar). As such, UniCredit becomes the first foreign bank operating in Russia to establish a strategic partnership with the Russian export credit agency Exiar.
Austrian-headquartered Lenzing Group (Lenzing) has selected Deutsche Bank’s global transaction banking division as its cash management bank in the Shanghai free trade zone
Poland’s Bank BPH has enhanced its back-office trade finance capabilities with the signing of an agreement licensing the use of Surecomp’s latest version high-volume back-office solution IMEX 7.0.
The ICC, in conjunction with TXF, is currently conducting its first ever survey on export finance. The findings will form part of the prestigious ICC Global Trends Survey on Trade Finance, produced later this year.
Pan-African specialised finance group Alios Finance has secured a $12.5 million multi-currency senior loan from the Netherlands development financial institution FMO.
Kenya’s I&M Bank has secured a $40 million loan from development finance institution Proparco. The loan will be used by I&M Bank to onlend to corporate clients, small and medium-sized businesses (SMEs) as working capital and for trade purposes.
The IFC has extended a $20 million trade credit line to UniCredit Tiriac Bank – part of the UniCredit group) in order to channel additional financing to the bank’s clients working in import and export in Romania and boost economic growth.
The International Chamber of Commerce (ICC) has appointed Alexander Malaket, to its 12-member executive committee. He will advise the ICC Banking Commission on its trade register project and assist with the oversight and development of the project and its three-year strategic plan.
The African Export-Import Bank (Afreximbank) has entered into an agreement with Zimbabwe to help tackle the country’s financial sector liquidity challenges through the introduction of a new facility and associated instruments for trade finance banks.
IDLC Finance, the largest multi-product financial institution in Bangladesh, has signed a $20 million credit agreement with the Netherlands development finance institution FMO.
Deutsche Bank’s global transaction banking division has appointed Vikas Arora as head of trade finance and cash management for corporates (TF/CMC) in ASEAN (Association of South-East Asian Nations). The development of this role for the bank in the region is indicative of the importance that Deutsche attaches to this segment of the business.
Perhaps surprisingly there are very few good books about international trade finance, and those that are available are somewhat dated. So it comes with considerable relief that Alexander R Malaket has written Financing Trade and International Supply Chains, which is published this month by Gower Publishing in the UK.
First Gulf Bank has appointed Manoj Menon as its new global head of transaction services and financial institutions (FI). He will be based in Abu Dhabi. His position at First Gulf Bank is part of the wholesale banking group management team.
The Royal Bank of Scotland (RBS) has appointed Sander Hansen as its new Asia head of structured trade finance. Hansen will be responsible for leading the development of RBS's structured trade finance business, including the structuring and execution of global commodity finance (GCF) and export credit agency (ECA) deals
The new year is set to usher in new political risks, largely focused around upcoming elections in India, Brazil, Turkey, South Africa and Indonesia. Some of the old risks have not abated either, with the Middle East and North Africa still beset by a series of political, social and economic challenges.
South African headquartered bank Investec is expanding its export finance team with the hiring of two highly experienced export finance professionals.
Deutsche Bank has established a new global solutions unit in the trade finance/cash management for corporates (TF/CMC) section of its global transaction banking division, focusing on designing and reproducing business solutions for large corporate clients with a view to accelerating growth.
HSBC has appointed Carlos Gonzalez Fillad, formerly head of multinationals for its global banking business, as its new regional head of payments and cash management (PCM) in Latin America, effective from 1 February 2014.
Danish wind turbine manufacturer and wind project developer Vestas has appointed lead banks to arrange an €850 million ($1.16 billion) credit facility. Vestas has appointed a bank group comprising Nordea, DNB, HSBC and SEB to act as arrangers. The facility documentation is expected to be completed in the first quarter of 2014.
Fundtech, the global transaction banking solutions company, has hired Kyle McGaffey as its head of sales for the Americas. McGaffey’s role will be to lead Fundtech’s sales strategy in the region, where he will also be responsible for the sales personnel based there.
Mizuho Bank and Itaú BBA International have arranged financing for Rio-based oil and gas firm GranEnergia to purchase and take delivery of a multi-service vessel, named Olympia, which is destined for Brazilian offshore oilfields, in particular the Campos Basin.
Sharjah-headquartered United Arab Bank (UAB)has launched an online trade portal recently, which is designed to transform the ease and speed with which corporate customers can complete an array of trade finance transactions.
VTB Bank has signed a general agreement with Arctech Helsinki Shipyard, in which Russia’s United Shipbuilding Corporation (USC) has a major shareholding. The agreement is part of the bank’s programme to develop strategic cooperation with Arctech.
Electronic Shipping Solutions (ESS) has today announced its rebrand to essDOCS (pronounced ‘sDocs’), a new identity that balances it’s electronic shipping solutions service with the requirements of a cutting edge and future-proof brand.