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.
TXF will be joined by UK Export Finance, the Berne Union, Citi and Deutsche Bank for a free webinar this Thursday, 4th September
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.
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 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 (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.
Credit insurer Coface has strengthened its organisation in Asia with the appointment of Hung Wong as regional manager Asia-Pacific.
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.
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 International has promoted Jan de Laat to chief commercial officer (CCO), Africa.
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.
BNY Mellon has signed a trade processing partnership with Helaba (Landesbank Hessen-Thürigen) and the G25, a group which represents the 25 largest Sparkassen in Germany.
Oregon-headquartered XZERES Corporation, a global clean energy solutions company, has closed a loan agreement with Wells Fargo Bank and strategic investors for total proceeds of $19.9 million.
Building on its trade services and profile in India, Deutsche Bank has launched new transaction banking apps on its award-winning Autobahn App Market in India.
The global transaction services business at Bank of America Merrill Lynch (BAML) has published its annual report on the Latin America market, entitled Driving Growth in Latin America. The report includes a series of articles summarising the challenges and opportunities for companies conducting business in the region.
HSBC has appointed Andy Grisdale as its new chief of staff for commercial banking, Asia-Pacific.
The August 2014 issue of the International Trade and Forfaiting Association’s newsletter, issued by the industry body for banks and other institutions specialising in the origination, sale and purchase of trade and trade-related receivables and debt, has pinpointed many of the issues impacting trade due to geo-political events and factors.
International law firm, Thomas Cooper, has hired Alex Monk to its finance group.
The soggy, grey skies and grinding traffic of the UK August bank holiday usually signal one thing - time to get back to business.
Finacity Corporation (Finacity) has facilitated the successful closing and funding of a $55 million off-balance sheet trade receivables securitisation programme for a Greece-headquartered client.
The sovereign wealth fund of the Emirate of Dubai, Investment Corporation of Dubai (ICD), and the Export-Import Bank of Korea (Kexim) have signed an agreement to form an alliance to explore international investment and export finance opportunities across Asia, the Middle East and Africa.
Athens-headquartered shipping company Star Bulk Carriers Corporation (Star Bulk) has signed definitive agreements with Excel Maritime Carriers (Excel) to acquire 34 operating vessels for an aggregate of 29.917 million shares of common stock of Star Bulk and $288.39 million in cash.
Beth Touomou, director of project & structured finance, and Jessica Bartos, investment officer at the same division, are both leaving the Export-Import Bank of the United States (US Ex-Im).
International law firm Ashurst has hired a market-leading team of three partners and a senior consultant that will significantly strengthen the firm’s restructuring and special situations capability in Asia.
Last week’s blog from CC Solutions focused on US Ex-Im with the title ‘The fate of US Ex-Im Bank’.
The global insurance company, XL Group (XL), has made several new appointments in its offices in both the UK and the US in order to bolster its trade receivables insurance (TRI) underwriting capabilities. These appointments include Jennifer Papadimitriou in London, and Paul C. Haigley III, Aaron Rutstein and Agatha Liberatore in the US.
Faisal Islamic Bank (FIB) of Egypt has partnered with SunGard Financial Systems in a bid to modernise its risk infrastructure. The move comes in response to mounting pressure from the Central Bank of Egypt on FIB to comply with international risk management standards.
Gazprombank has repaid its syndicated $1.2 billion term loan from existing funds and without moving to any new facility.
Financial software company Misys is seeking to extend its footprint into the multi-billion dollar market for commercial lending software with the acquisition of Custom Credit Systems (CCS), a US-based provider of commercial loan origination and workflow management software.
HSBC has appointed Sriram Muthukrishnan as managing director and regional head of business development for global trade and receivables finance, Asia-Pacific.
TXF is in the process of producing its 2014 SIBOS Special Report. The report will look at many aspects of the short-term trade finance cycle and related services.
The International Federation of Freight Forwarders Associations (FIATA) has launched an electronic bill of lading powered by essDOCS’ online trade facilitation solution CargoDocs.
Barclays has made changes to its trade and working capital leadership team in Asia-Pacific and the Middle East.
Geoffrey Wynne, partner at Sullivan & Worcester presents practical advice on best practice trade finance
Alternative trade and corporate financier Falcon Group has appointed Nasser Saidi to act as non-executive director on the board. Saidi is the former chief economist, strategist and head of external relations of the Dubai International Financial Centre (DIFC) – a position he held from 2006-2012.
Santander is understood to be making a number of changes at the top of its trade executive management.
As many of the regular visitors to our news website will know, earlier this year TXF produced the Berne Union’s 80th anniversary yearbook.
The International Chamber of Commerce (ICC) has appointed Suresh Advani, Senior Portfolio Manager at GML Capital (GML), as senior technical advisor to the Banking Commission.
The EU and US have both increased sanctions against Russia, targeting its critical energy, finance and defence sectors, as well as more persons and companies directly associated with the Kremlin.
SunEdison, a solar technology manufacturer and provider of solar energy services, together with Norddeutsche Landesbank Girozentrale (NORD/LB) has reached financial close on the 18MW Bruining solar power plant in Ontario, Canada
The Japan Bank for International Cooperation (JBIC) today signed a subordinated loan agreements totaling up to JPY50 billion ($486 million) and $1.5 billion (both JBIC portions) with Suntory Holdings (Suntory) to finance part of the funds required for acquiring Beam Incorporated in the US.
Prominent Berne Union members give their views on the major challenges facing the industry
A series of prominent Berne Union members gives their views on the main opportunities available across the sector
Markel International, the specialist insurer, has applied to the Dubai Financial Services Authority (DFSA) to establish a company to operate within the Dubai International Financial Centre (DIFC).
Bank of America Merrill Lynch (BAML) has appointed Paul Donofrio as head of global transaction services (GTS) across the bank. He will be based in New York.
Global agri-trader, food, logistics and services company Cargill, is accelerating its transition from paper documents to ePresentation using Bolero’s cloud-based technology platform.
Jessica Farmer has joined IFC as InfraVentures principal investment officer based in India
The American accounts receivable securitisation services company Finacity has facilitated a series of European trade receivable funding solutions for Spain’s Uralita, amounting to €26 million ($35 million).
Structured commodity finance stalwart Pepi Bedi has been promoted to head of structured trade finance at Sumitomo Mitsui Bank Corporation Europe (SMBCE). He is based in London.
TXF PRI: Trade, Commodity & Export Finance is taking place this February. Delve into the local market and make high-level contacts that might just lead to your next deal...
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.
Uniting the key players and deal makers across the Americas. This is your chance to stay connected and ahead of the curve!
Join us while we are looking into the commodity finance sector for the Asia Pacific region. Connect with key players and hear about current and future deals.
The destination for African export & project finance. Come together with deal makers across the region for virtual networking opportunities second to none .
TXF is introducing the 'Financing the Energy Transition' event, focusing on the latest updates and future plan of the energy transition.
Proud to be bringing back TXF Global Commodity Finance, a must-attend event for the commodity finance community.
TXF invites you to join a dynamic group of export finance professionals to plot your ideas on where we're heading and how to get there
Fasten your seatbelt for the second leg of the ultimate export finance world tour, with stop-offs at Asia, Mena, Europe, Africa, and the Americas
This year's global trade virtual event will look into the impact of covid-19 to the market and explore new opportunities
Calling all changemakers in export finance! Join us to plot your ideas about diversity, sustainability and inclusion in the industry. If you are here to make a difference you are in the right place!
Your largest export, agency & project finance event returns to Madrid for 2021 after a 2020 virtual extravaganza! Industry renowned as the go-to for global export finance. Let the deal-making begin!
We are delighted to bring back this senior-level virtual event dedicated to the MENA region! Examine the regions' key trends and future opportunities whilst networking in a safe space.
A key event in the export, agency & project finance event calendar for senior and influential professionals working across the Asia-Pacific region. Networking and deal opportunities abound!