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March
Nigeria’s Skye Bank has signed a trade credit line with the Korean Export-Import Bank boost its trade and import operations.
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The IFC and Peru LNG have helped Agricola Viñasol to obtain a GBF loan to diversify its portfolio of agricultural products in local and export markets.
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Export-Import Bank of China has signed a loan agreement to construct Mattala Airport and the Colombo-Matara Railway in Sri Lanka.
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The European Bank for Reconstruction and Development has approved a convertible loan to finance the completion of Petrolinvest oil exploration works in Kazakhstan.
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Al Jaber is planning to raise funds through export credit agency facilities and the bond market.
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Standard Chartered Bank has teamed with Chinese officials for a trade delegation to promote renminbi trade settlement in Malaysia, Thailand and Singapore.
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Deutsche Bank's has appointed a new regional head of trade finance and cash management for Germany.
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Standard Bank and the OPEC Fund for International Development have today signed an agreement to launch two African trade financing initiatives.
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OFID and the Eastern and Southern African Trade and Development Bank have signed a one-year renewable line of credit to boost trade in sub-Saharan Africa.
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The Australian Institute of Export (AIEx) has appointed a new national president.
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February
Australia’s export credit agency Export Finance and Insurance Corporation is financing manufacturer Footcare International to expand its overseas sales.
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The International Finance Corporation has recorded an 80% rise in the number of trade finance guarantees approved for Pakistan last year compared to 2008.
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The EBRD and Intesa Sanpaolo Group have created a financing package for small and medium enterprises in central and Eastern Europe.
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Citi and Deutsche Bank have signed a buyer credit for telecoms firm, Telefónica, backed by Swedish export credit agency EKN.
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Africa’s Export-Import Bank (Afreximbank) has unveiled a financing package for Zimbabwe’s gold and platinum mines.
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The European Bank for Reconstruction and Development is to provide financing to Leighton Mongolia to offer services for at least two Mongolian projects.
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Turkey’s Bank Asya has mandated banks to arrange a syndicated Sharia-compliant dual currency loan to fund its trade finance activities.
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PDVSA subsidiary Citgo Petroleum has amended a 2005 dual tranche revolving credit B-loan arranged by bookrunners BNP Paribas and JPMorgan.
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To protect its debt restructuring plan, Kazakhstan’s Alliance Bank has filed for chapter 15 bankruptcy to prevent US lawsuits.
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The Japan Bank for International Cooperation, with BTMU, have signed a buyer's credit agreement for Indonesia’s PT Pamapersada Nusantara.
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Highlights from the February 2010 print edition of Trade Finance magazine.
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James Prusky and Robert Klein, principals at Crecera Finance Company, discuss the role of trade finance in unlocking growth in the Latin American SME market.
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Jordan has signed an extension line of credit agreement to increase a previous loan by the Arab Monetary Fund.
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Valentino Gallo, Managing Director and Americas Head, Citi, Export and Agency Finance, takes a look at the effects of last year’s dramatic shifts in the financial landscape and the way forward in 2010.
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London-based commodities broker ED&F Man Holdings has seen its jumbo revolver oversubscribe in syndication.
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Market comment: Antonio Alves, senior regional head of trade finance, Latin America and Caribbean region, IFC.
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Alexander R.Malaket explores the state of trade and trade finance in Mexico at a time when the country’s two Nafta partners are each dealing in their own way with the consequences of the crisis.
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The African Development Bank Group has signed a line of credit with Zambia National Commercial Bank.
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The Brunei Government will launch a financing scheme to help fund local small and medium enterprises expand into export markets.
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The Economic Community of West African States has signed a credit line to the Nigerian Export Import Bank.
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Companies based in Hong Kong can now issue renminbi bonds under new guidelines announced by the Hong Kong Monetary Authority.
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Davenham has agreed to a trade finance and invoice finance facility on behalf of Park Designs to provide additional working capital.
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Falcon Trade Corporation has appointed a new head of UK and European sales.
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The International Finance Corporation has held its first trade finance training seminar for Iraqi bankers in Beirut, Lebanon.
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The IFC’s Global Trade Liquidity Programme is set to launch a $1 billion agri-trade fund.
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January
IFC plans to buy up nonperforming loans in Central and Eastern Europe in cooperation with Varde Partners, a distressed debt and asset firm.
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Ildar Muslimov has been appointed the chairman of Bank Uralsib’s management board.
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Banks have signed a revolving trade credit facility for Luxemburg-based metal merchant wholesaler Tinfos Nizi.
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China Construction Bank has appointed two London trade finance executives as it expands its London trade finance team.
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A potential slow-down in Chinese trade flows, and the rise of asset bubbles,are among some of the issues to be discussed at Davos, later in January.
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Brazilian offshore operator Schahin has signed a debt restructuring for its Black Gold drilling vessels, to be chartered by Petrobras.
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HSBC has launched a $100 million fund specifically for UAE companies engaged in cross-border business.
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Dealogic has released the full league tables for trade finance loans up to the end of 4Q 2009. Here are the ECA finance tables.
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Dealogic has released the trade finance league tables for 2009. Here are the tables excluding bilateral loans.
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Dealogic has released the trade finance league tables for 2009. Here are the tables including bilateral loans.
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Dealogic league tables for 2009 show global trade finance volume up 3% to $155.1 billion and 4Q 2009 reached a record of $45.9 billion.
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London-based commodities broker ED&F Man Holdings is in talks with banks as it seeks to grow its $1 billion plus revolving credit facility.
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Santander has named two regional UK trade finance directors.
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The Export Import Bank of India has signed a line of credit to Russia’s VEB.
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The development bank for the Netherlands, FMO, has signed its first loan in Kyrgyzstan to Kyrgyz Investment and Credit Bank.
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The US development bank, OPIC, has arranged a loan to Garanti bank for SME lending in Turkey.
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The Opec Fund for International Development has signed a loan with Amrahbank in Azerbaijan to increase the bank’s trade finance market coverage.
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The development bank for the Netherlands, FMO, has signed a $15 million term facility with Guaranty Trust Bank to boost export businesses in Ghana.
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German development bank, KfW, is refinancing the South American development bank, CAF.
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The Inter-American Development bank has arranged a loan to Chile’s Banco de Crédito e Inversiones for unbanked micro-entrepreneurs.
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The African Development Bank has signed its largest private-sector loan to date for United Bank for Africa for trade finance purposes.
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Bank of Moscow has seen its trade refinancing oversubscribe by $100 million.