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Commodity trade finance: 2020 year-end review
Commodity trade finance: 2020 year-end review
Jonathan Bell
22 December 2020

In what has been one of the most eventful years for commodity trade finance, we take a long hard look at some of the major happenings and assess what these mean for the sector at large and for future financing.

Export finance: 2020 year-end review
Export finance: 2020 year-end review
Max Thompson
21 December 2020

Export Credit Agencies (ECAs) have proved robust amid the economic bulldozer that is the Covid-19 pandemic, and the product has never been in greater use with applications for cover ballooning. But ECAs are also becoming more risk averse as the pandemic shows no clear end in sight.

A small ECA with big plans
A small ECA with big plans
Max Thompson
21 December 2020

While EXIM Hungary is not one of the largest ECAs globally in terms of portfolio size or capital capacity, the Hungarian ECA makes up for its lack of size with its variety of products, including its international activities, special operating framework and the significance and breadth of its role. EXIM Hungary is also active in the real economy and in terms of international financial policy. TXF spoke to the ECA's International Chief Officer, Gabor Szocs.

TXF Originals

SPower closes on Luna storage project
21 January 2021

sPower has closed on the debt to finance its 100MW/400 MWh Luna storage project in the City of Lancaster, California. The project is backed by a 15-ye...

Corine Troncy to head global trade credit at AIG
21 January 2021

Corine Troncy is joining AIG as global head of trade credit after 30 years with Coface Group. Most recently, Troncy was Coface group executive committ...

ONGC Videsh drops general syndication for $700m loan
20 January 2021

The overseas arm of India’s state-owned Oil and Natural Gas Corp, ONGC Videsh, has decided against going ahead with general syndication for its ...

Tanzania invites EoIs for hydropower plant
20 January 2021

Tanzania has invited expressions of interest (EoIs) from prospective bidders for the construction of the $144 million 50MW Malagarasi hydropower plant...

Markus Wohlgeschaffen joins SCF platform Traxpay
20 January 2021

Markus Wohlgeschaffen has joined Traxpay, an emerging supply chain finance (SCF) platform,  as product manager based in Frankfurt. Prior to joini...

TXF Data

Export & Agency Finance Lender 2020

Bank USDm No %
1 BNP Paribas 4400m 49 6.2%
2 Sumitomo Mitsui Banking Corporation (SMBC) 4311m 32 6.1%
3 Société Générale 4269m 37 6.1%
4 Mizuho 3247m 21 4.6%
5 KfW IPEX-Bank 3153m 34 4.5%
6 Santander 3080m 30 4.4%
7 MUFG Bank 3024m 26 4.3%
8 Crédit Agricole CIB 2906m 28 4.1%
9 Industrial and Commercial Bank of China (ICBC) 2544m 8 3.6%
10 Deutsche Bank 2369m 13 3.4%

Commodity Trade Finance Lender 2020

Bank USDm No %
1 Deutsche Bank 7272m 27 7.9%
2 Société Générale 5670m 50 6.2%
3 ING Bank 5308m 61 5.8%
4 JP Morgan 4857m 11 5.3%
5 BNP Paribas 4781m 39 5.2%
6 MUFG Bank 3878m 30 4.2%
7 Crédit Agricole CIB 3702m 31 4%
8 Natixis 3386m 41 3.7%
9 Sumitomo Mitsui Banking Corporation (SMBC) 3261m 24 3.6%
10 Mizuho 3148m 24 3.4%

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