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Interview: ING metals and energy finance
07 February 2012
Jonathan Bell talks to Momchil Ivanov, head of metals financing, structured metals and energy finance, and Julia Chekrygina director, structured metals and energy finance, both at ING Bank, about the state of metals financing and specifically about the Russian/CIS market.
Read more:
Russia
CIS
ING
Metals financing
Energy financing
Rusal
pre-export
structured trade
metals producers
Trade Finance Magazine (TFM): With the fundamental changes that have been and are taking place in the market, is ING still well-placed to meet the needs of its clients in metals and mining financing?
Momchil Ivanov (MI): Although ING is not immune to most of the issues affecting European banks (eg. liquidity constraints and the need to beef up capital ratios), we perceive ourselves as being in a favourable position vis-à-vis most of our continental peers. We are looking at a very healthy pipeline of potential deals in the first and second quarter of 2012 and, even though some choices will have to be made in the context of scarce resources, we expect to be in a position to continue to meet the needs of our key clients.
TFM: What have the changes that have taken place in the market meant for ING in terms cost of funding, overall liquidity...
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