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February
Citi leads two ship financings for Seadrill and ENI originally intended for Eksportfinans funding, but which ultimately benefitted from an unusual 100% Giek guarantee.
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Law firm Shearman & Sterling has hired an EMEA project finance specialist from Ashurst.
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Speaking at Trade Finance Magazine’s Supply Chain Finance Europe conference in Frankfurt, Klaus-Peter Müller warns of the impact the EBA capital buffer will have on trade and supply chain finance.
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The global head of forfaiting at CA-CIB has retired and is being replaced by his deputy and a director for export finance Asia.
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Germany’s KfW end-year figures reveals strong growth for export finance activity conducted by KfW IPEX-Bank
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Misys signs software licensing deal to help banks optimise business processes.
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High-technology group Safran has selected GlobalTrade Corporation’s multi-bank trade finance platform for monitoring trade credits.
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January
The World Bank has pledged to assist countries of emerging Europe and Central Asia with $27 billion in funding, including trade finance.
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Marsh has stated that it expects to see demand for short-term trade credit insurance continue to rise in 2012 among countries in Europe, the Middle East and Africa.
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Barclays’ global trade finance head states Basel III regulations and CRD IV will limit the availability of trade finance for European SMEs.
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HSBC has announced plans to offer billions of trade finance for UK business.
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Norwegian Air Shuttle has ordered 222 narrow-body aircraft from both Boeing and Airbus.
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BayernLB signs buyer credit loan to support the delivery of wind turbines to Turkey’s Bilgin Enerji to develop its Zeytineli wind farm.
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Santander UK and Moldov’s Banca Comerciala Româna Chisinau have joined Factor Chain International (FCI).
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Turk Eximbank promises loans to both Tunisia and Libya to aid reconstruction efforts.
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Norway’s new government-funded export body is expected to hire former Eksportfinans staff, but others will face redundancy.
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Oliver Belin has been appointed as business development executive for PrimeRevenue Europe.
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A group of banks have signed a revolving credit facility on behalf of Export Credit Bank of Turkey (Turk Eximbank).
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Nordic Investment Bank has named its new president and chief executive officer.
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Ukraine’s ZhL secures export credit agency financing for the import of Dutch-made confectionary packaging equipment.
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An interim board has been appointed to oversee the transition to a permanent Norwegian government-funded export finance scheme in July 2012.
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French export credit agency Coface guarantees luxury cruise ship financing on behalf of Hapag-Lloyd Cruises, part of the TUI Group.
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Malta-based trade finance specialist FIMBank brought together the CEOs of all of its international factoring joint ventures to discuss strategy and growth.
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Reporting from Airbus New Year Press Conference, held in Hamburg, John Geddie looks at the manufacturer’s financing plans for the year ahead.
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ING and NordLB have signed an export credit agency-backed buyer credit on behalf of Ryanair for 18 Boeing narrowbodies.
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Banks team to finance the delivery of a semi submersible drilling rig to offshore deepwater drilling company, SeaDrill Ltd.
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Deutsche Bank appoints UK trade finance director.
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RBS is merging its corporate banking business with its global transaction services (GTS) arm to form a new international banking unit.
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As of 1 January 2012, Søren Møller has taken over as deputy CEO at EKF.
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Trade credit insurer Equinox Global has poached Chartis’s European trade credit regional manager, Alban De Malherbe, to help it open an office in France.
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A distributor of Japanese construction machinery in Turkey has obtained a credit line supported by Japan’s export credit agencies.
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Law firm SNR Denton has made a strategic hire for its banking and finance team in London.
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Arab Banking Corporation has announced changes to the top management team at its key European subsidiary, ABC International Bank London.
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Siemens Financial Services has hired an export finance banker to boost its capabilities in the German export credit sphere.
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Société Générale Corporate and Investment Bank (SG CIB) reveals fresh job cuts in France in addition to planned job losses in Asia and the US.
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Danish shipping company Norden gains export credit agency cover to cap off Asian fleet order.
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China’s export credit agency China Exim pledges to fund Elektroprivreda’s billion dollar power complex in Serbia.
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RBS to merge a reduced investment bank with its corporate and global transaction services business.
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Air France has closed the first-ever export credit agency-backed loan for a home market airline.
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The Finnish government has accepted a proposal for a Eu3 billion permanent transfer scheme to be funded by a Finnvera capital markets issuance.
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Photos from the EBRD’s 2011 trade facilitation programme conference, held in Istanbul, are now online.