02 March 2011
Fast track to Minsk
The financing agreement between Switzerland’s Zürcher Kantonalbank (ZKB) and Belarusbank to finance the supply of passenger trains to Belarus is a landmark transaction in the development of trade between Western and Eastern Europe. And with an export credit agreement of a61 million ($85 million) it is certainly one of the largest export credit agency (ECA) backed deals that has ever taken place with Belarus. The ECA-backed deal is the biggest of its kind in the history of Belarusbank’s cooperation with Swiss institutions. It has strengthened trust between foreign banks and Belarusbank, and created conditions for further ECA-covered foreign loans with comparable amounts. The financing relates to a commercial contract signed between Swiss train manufacturer Stadler Bussnang and Belarusian Railway to supply 10 Flirt (fast light innovative regional train) electric trains. For Stadler it was also the company’s first contract from a Commonwealth of Independent States country, providing them with further...
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04 Jun 12 - 05 Jun 12 | The St. Regis, Washington DC, Washington DC
14 Jun 12 - 15 Jun 12 | President Wilson Hotel, Geneva
04 Jul 12 - 05 Jul 12 | Grand Hyatt, Singapore
We have observed that many financial institutions have had to pull back, but we have been strategically active and on a growth trajectory in Europe, including in markets like Turkey that is in a ‘sweet spot’ between Europe and Asia.
Trade finance and the eurozone crisis: ripples across the Atlantic? - April 2012
