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13 January 2014

NBAD appoints head of trade finance in Paris

Christophe Kloeti has been appointed head of trade finance in Paris by the National Bank of Abu Dhabi (NBAD). The move signals the expansion of the bank’s international...

10 January 2014

Craig Weeks joins insurance broker IRIA to head US arm

Geneva-headquartered trade insurance brokerage IRIA SA has hired highly experienced ex-banker Craig Weeks to head up their North American office. He is based in the IRIA...

10 January 2014

ADB and StanChart to cooperate on supply chain finance

The Asian Development Bank (ADB) and Standard Chartered Bank (StanChart) have signed a cooperation agreement to support supply chain financing in Asia It is the first...

10 January 2014

Jordan’s HBTF secures loan from Kexim

Jordan’s second largest commercial bank, the Housing Bank for Trade and Finance (HBTF), has secured a $50 million loan from the Export-Import Bank of Korea (Kexim).

09 January 2014

ING closes debut loan financing for Mongolian Airlines

The New York office of ING Capital has closed a US Export-Import Bank (US Ex-IM) backed and junior loan financing for MIAT Mongolian Airlines> The proceeds will refinance...

09 January 2014

Equinox Global expands London team

Equinox Global, the Lloyd’s cover holder specialising in trade credit insurance, has appointed Genevieve Ahinful as senior underwriter. Ahinful has had a...

08 January 2014

Sovcomflot secures finance for LNG carriers

Russian shipping company Sovcomflot (SCF Group) has signed a new $316 million credit facility for the purchase of two new ice-class LNG (liquefied natural gas)...

08 January 2014

BBVA arranges loans for Enel in Mexico and Chile

BBVA has arranged two loans for Enel Green Power (EGP) in Mexico and in Chile in separate loan agreements each valued at $150 million. In the first instance, the bank...

08 January 2014

Conning launches new trade finance investment programme for US insurers

US insurers will be able to invest into pools of trade receivables, via a new offering from Conning, the asset management services company.

07 January 2014

Korean agencies combine with GIEK for North Sea FPSO

Korean agencies the Export-Import Bank of Korea (Kexim) and K-sure have combined with the Norwegian Guarantee Institute for Export Credits (GIEK) to provide financing for...

07 January 2014

KfW finances aircraft for Nordic Aviation

KfW IPEX-Bank has closed the first two transactions under a new three aircraft bilateral financing facility for Nordic Aviation Capital (NAC).

06 January 2014

VEB arranges credit for Russian auto exports to Belarus

Russia’s Vnesheconombank VEB has signed a credit agreement with Belvnesheconombank (Bank BelVEB) of Belarus to facilitate the export of engines and related...

06 January 2014

Enel signs loan with Citi and EKF for Chilean wind farm

Italy’s Enel Green Power (EGP), acting through its subsidiary Enel Green Power International (“EGPI”), has signed a €100 million ($136 million) loan agreement with Citi...

06 January 2014

VTB records substantial rise in export finance activity

Russia’s VTB Bank has announced that it arranged deals worth more than $4 billion in 2013 as part of a drive to develop its international trade and export finance...

06 January 2014

Uralchem secures mega-loan for Uralkali stake

Russian mineral fertiliser producer Uralchem OJSC has secured a new mega-loan amounting to $4.5 billion. A major part of the loan will be used to pay for the purchase...

03 January 2014

Sberbank reports record year for trade finance transactions

Russia’s Sberbank Corporate & Investment Banking (Sberbank CIB) has reported a record number of trade finance and documentary operations (TF&DO) implemented for the...

03 January 2014

UPDATE: Further detail on Lukoil Bulgarian refinery financing

Further to our earlier report on the financing secured for the Lukoil Neftochim Burgas (LNB) in Bulgaria, the financing parties involved have today issued a formal press...

24 December 2013

Sberbank issues largest trade guarantee for Turkish power project

Sberbank Corporate & Investment Banking (CIB) together with Sberbank’s international operations has arranged its largest trade guarantee yet – designed to facilitate work...

24 December 2013

VEB and Natixis fund Sukhoi Superjet exports to Mexico

Russia’s Vnesheconombank (VEB) and Natixis of France have led a consortium of international banks in the signing of a credit agreement on extending syndicated loans to...

23 December 2013

Final investment decision made on Yamal LNG project

Russia’s Novatek and Total have approved a final investment decision (FID) for the Yamal LNG (liquefied natural gas) project, consisting of the development of the...