HSBC has appointed Stuart Nivison as the new global head of business banking. The move is designed to help improve services for small to medium-sized enterprises (SMEs) across 27 countries.
We are delighted that Doug Ziurys of FImetrix will be presenting the results of his annual survey of traders during a live webinar on 10 April 2014.
African Export-Import Bank (Afreximbank) has signed landmark loan facilities with a syndicate of international financial institutions totalling a massive $774 million.
Akbank has signed a $1.36 billion syndicated loan, which sees 35 international banks providing funds to the Turkish institution.
Dublin-headquartered Ardmore Shipping Corporation (Ardmore) has signed a $172 million credit facility with mandated lead arrangers ABN AMRO, Nordea Bank (Finland), and Skandinaviska Enskilda Banken (SEB), for the purchase of eight newbuild ships. ABN AMRO acted as coordinator on the financing. The financing was signed on 19 March 2014.
essDOCS has opened a new office in Singapore, allowing the shipping and trading eDocs provider to expand its presence in the Asia Pacific region.
Trade credit insurance specialists ~Equinox^ Global have expanded their London team, hiring John Joseph as a senior credit analyst with immediate effect. Equinox reported a 43 per cent growth in written premiums last month as compared with January 2013 and they will be hoping Joseph can help to accelerate their growth strategy.
TXF analyses the impact that the $400 million fraud could have on the wider industry, at a time when investors and regulators are examining the trade finance asset class more closely than ever
Deutsche Bank has appointed Anthony Lin as China head of corporate banking and head of trade finance & cash management for corporates (TF/CMC). Lin, who takes up the new role this month, will be based in Shanghai and is tasked with driving Deutsche’s corporate banking division in the country.
A group of major banks have joined forces with the Society for Worldwide Interbank Financial Telecommunication (SWIFT) to collaborate on the development and use of a new Know Your Customer (KYC) Registry to be launched in late-2014.
South African headquartered bank Investec has further strengthened its export and agency finance team with the arrival of Mark Paton as regional head for Europe, based in London.
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The European Bank for Reconstruction and Development (EBRD) has demonstrated its support for crisis-hit Ukraine with a pledge to invest at least €5 billion in the country between now and 2020.
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.
ING Bank has expanded its export finance team with the hiring of Marina Grigoryeva to work in their Frankfurt office.
Andrey Frolov has been appointed executive director of SIBUR International, Sibur group’s international trading arm. He will be based in Vienna. Frolov takes over from Ilya Gushchin, who has left the company.
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.
Malta-headquartered FIMBank has hired Thomas Degen to its senior management team.
Barclays Business has appointed Steve Childs as head of international and trade for business banking. He will be based in London, UK.
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 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.
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.
Westpac Banking Corporation (Westpac) has expanded its trade teams in Hong Kong and Singapore with some recent appointments.
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
Available on demand: A premium online event focusing on recent and forthcoming developments across regional export & project finance with unbeatable networking opportunities across each market.
TXF is pleased to bring you an exclusive webinar event for commodity finance executives engaged in the Asia Pacific commodities market.
Roll up, roll up for TXF’s magnificent Export Finance Virtual World Fair 2020, take a ride across the world of global export finance from Asia, Mena, Europe to Africa, and the Americas
TXF Global Commodity Finance 2020 virtual event goes back to the future . Join deal makers from across the globe for an unmissable virtual event to explore all the current changes in the market.
The only dedicated forum for the APAC commodity finance community. Join dealmakers from across Asia-Pacific as we tackle key industry issues and analyse the latest deals in the market.
The ultimate guide to the German Export Finance bringing together senior attendees from banks and exporters gather every year to make new connections and plan ahead...
Roll up, roll up for the latest updates on Spanish Export Finance. This annual event will cover all current and future deals and explore new opportunities for the market.
4 virtual+ events in 1 day- we will be covering export finance of Germany, France, Spain and the UK in 1 day! Join the virtual event of your choice and be part of cross-country sessions
We're reuniting the French Export Finance industry to discuss trends in the market and make new valuable connections. Join us to get ahead of next year's deals.
Our first UK Export Finance event is taking place this December. Delve into the local market and make high-level contacts that might just lead to your next deal...
TXF is teaming up with Nigeria Investment Gateway to run this year's Nigerian Trade and Investment Summit. This will be a virtual event focusing on existing and new investment projects in Nigeria.
This is a fully virtual event, which allows uncapped, senior-level participation from all corners of the globe.
This virtual event will address those challenges head-on. We want to create an atmosphere that is inspiring and ideas led, that demonstrates the art of the possible for the export finance community.