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Vesteri to be presented with TXF Industry Fellowship Award
Vesteri to be presented with TXF Industry Fellowship Award
Max Thompson
31 May 2018

Topi Vesteri, Deputy CEO, Group CCO at Finnvera and President at the International Union of Credit & Investment Insurers (Berne Union) is to be honoured with the TXF Industry Fellowship Award in recognition for his exceptional service to the international export finance sector.

ECA SME support: Cover great – cash better
ECA SME support: Cover great – cash better
Eavie Burnett
23 November 2017

ECAs are stepping up their SME support initiatives. Application processes and ease of access to export cover is improving. But as commercial banks retreat from the SME loans market, more ECA direct lending to SME exporters is a must.

Foreword from the Berne Union President
Foreword from the Berne Union President
Topi Vesteri
25 September 2017

The developments through the past year and the potential for increased growth in business for 2017.

How can export finance be simplified?: New TXF podcast released
How can export finance be simplified?: New TXF podcast released
Max Thompson
21 July 2017

Making export finance more accessible - a key debate from TXF Venice

Kai Preugschat set to depart the Berne Union for ADB
Kai Preugschat set to depart the Berne Union for ADB
Jonathan Bell
19 October 2016

The Berne Union’s secretary general, Kai Preugschat, is leaving the organisation to take up a high-level position within the Asian Development Bank (ADB) in Manila, Philippines. In his new role he will have the title head of the office of co-financing operations.

2016: a leap-year, year of change and year of growth for the Berne Union
2016: a leap-year, year of change and year of growth for the Berne Union
Topi Vesteri
1 October 2016

Topi Vesteri, Berne Union president, and deputy CEO, and group chief credit officer of Finnvera, reveals how the Berne Union continues to support a growing amount of global trade, and reports on the importance of the formal merger with the Prague Club.

The Berne Union: Who’s Who 2016
The Berne Union: Who’s Who 2016
Jonathan Bell
1 October 2016

The Berne Union: Who’s Who 2016

First Finnvera-NIB financing creates landmark deal in Brazil
First Finnvera-NIB financing creates landmark deal in Brazil
Max Thompson
16 September 2016

At the end of last month, Finnvera and NIB signed a $225 million facility that will be onlent to a eucalyptus pulp mill project in Brazil. The deal represents the first time Finnvera has tapped an ‘alternative’ form of finance with NIB in order to leverage the credit risk of doing business in a country struggling to revive its economy.

TXF Data Update: JBIC most active ECA in H1
TXF Data Update: JBIC most active ECA in H1
Max Thompson
12 August 2016

The Japanese ECA, JBIC, topped the table by covered volume with 25 transactions totalling $9.68 billion in H1 of 2016, with the German ECA Euler Hermes in second place with $3.14 billion in cover, followed closely by the Italian ECA SACE.

TXF Data Update: Export finance market plunges 22.5% in H1
TXF Data Update: Export finance market plunges 22.5% in H1
Max Thompson
11 August 2016

The total volume of ECA deals taking place in the first half of 2016 dropped by 22.5% compared to same period last year, while SMBC topped the lenders table with $2.19 billion in financing.

 Will international lenders embrace Ghana’s new ECA?
Will international lenders embrace Ghana’s new ECA?
Connor Lovell
4 March 2016

Ghana has approved its new Export-Import Bank after months of political wrangling. But will export financiers be prepared to engage with Africa’s latest export credit agency given the parlous state of the country’s finances?

TXF Export Finance Data: Coface is the most active ECA of 2015
TXF Export Finance Data: Coface is the most active ECA of 2015
Max Thompson
1 March 2016

Coface, the French export credit agency (ECA), was the single most active ECA in 2015 for medium and long-term debt supporting a total of $7.73 billion worth of transactions, according to TXF Data's 2015 Export Finance Report.

Nokia leans on Finnvera for global expansion plans
Nokia leans on Finnvera for global expansion plans
Connor Lovell
16 February 2016

Nokia — Finland’s premier telecoms company — is in the process of finalising its takeover of France’s Alcatel-Lucent in a $16.6 billion deal that will propel the ailing giant ahead of its rivals once more. And the firm’s growing international ambition being is facilitated by almost $1 billion in support from Finland’s export credit agency (ECA), Finnvera.

 Export finance’s top market moves of 2015
Export finance’s top market moves of 2015
Oliver Gordon
23 December 2015

A lot can happen in 12 months. But don’t take our word for it, just ask those in the export finance industry who have set themselves – or been set – on new career paths in the year.

Export finance’s top market moves of 2015
Export finance’s top market moves of 2015
Oliver Gordon
21 December 2015

A lot can happen in 12 months. But don’t take our word for it, just ask those in the export finance industry who have set themselves – or been set – on new career paths in the year. Here are our ten most significant people moves within the industry over2015. Disagree with our list? Add your own suggestions below in the comments section!

Berne Union elects Topi Vesteri as president at AGM in Shanghai
Berne Union elects Topi Vesteri as president at AGM in Shanghai
Jonathan Bell
5 November 2015

At the Berne Union - the International Union of Credit & Investment Insurers - and Prague Club annual general meeting this week in Shanghai - hosted by China’s official export credit agency Sinosure - members elected Topi Vesteri

ECA innovations – the Finnvera example
ECA innovations – the Finnvera example
Topi Vesteri
12 October 2015

Finland’s Export Guarantee Act was amended in September 2014 to enable export credit agency (ECA) Finnvera to grant guarantees also to large companies in Finland for their industrial investments.

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

Mobily inks new ECA deals for NSN and Ericsson equipment
Mobily inks new ECA deals for NSN and Ericsson equipment
Hesham Zakai
27 February 2014

Saudi Arabian telecommunications company Mobily (Etihad Etisalat) has agreed two new financings amounting to SAR2.1 billion ($560 million) backed by the export credit agencies (ECAs) of Finland and Sweden, Finnvera and EKN respectively, for the purchase of equipment from Nokia Siemens Networks (NSN) and Ericsson.

StanChart and Finnvera combine for loans to Indonesia’s PLN
StanChart and Finnvera combine for loans to Indonesia’s PLN
Hesham Zakai
22 January 2014

Standard Chartered (StanChart) has arranged two loans totalling €160 million ($215 million) for Perusahaan Listrik Negara (PLN), Indonesia’s national electricity company, to finance the production of two gas power plants that will include 35 Wärtsilä 34SG gas-fired generating sets.

KSA’s Mobily raises export finance for network expansion
KSA’s Mobily raises export finance for network expansion
Mayur Pande
8 August 2013

The Kingdom of Saudi Arabia (KSA) mobile telecommunications operator Mobily has secured $650 million in export credit financing to meet the cost of its network and internet expansion through to 2015. Mobily has signed two agreements each for up to $325 million with Finland’s export credit agency (ECA) Finnvera, and the Swedish Export Credits Guarantee Board – EKN