Margrith Lütschg-Emmenegger has been name as the new chairman of the International Factors Group (IFG). Lütschg-Emmenegger, who is president at FIMBank in Malta, has...

National flag carrier Garuda Indonesia has taken delivery of the final six Boeing 737-800 Next Generation (NG) aircraft under a previously inked 10-year sale and...

Credit Agricole Bank in Armenia (ACBA) has secured a three-year, $9 million local currency loan from EBRD for on-lending to micro, small and medium-sized enterprises...

BNY Mellon has appointed Monika Aminiova as market manager for treasury services in Europe, the Middle East and Africa (EMEA) based in London. With the aim of...

China Development Bank (CDB) has agreed to provide facilities of up to $1.2 billion to Russian state-owned Vnesheconombank (VEB) during a regular meeting of Russian and...

Asia-focused Fortune Oil has signed a $300 million loan agreement. The new facility will be used to repay the existing syndicated loan, provide the Company with working...

Equinox Global, the Lloyd’s coverholder specialising in trade credit, has increased its available capacity to underwrite from $35 million to $50 million, effective 1...

Atradius Dutch State Business (DSB), the export credit agency of the Netherlands, has announced that banks outside the OECD area are now eligible for export credit cover...

Last week we were pleased to welcome the well-known and greatly admired trade and commodity finance lawyer Geoffrey Wynne back to the world of trade finance following his...

Oil development company, Ithaca Energy, has signed a new reserve based lending facility and a revolving credit facility amounting to $710 million. The new funds...

The Akkas Gas Field Project in Iraq, where South Korea’s Daewoo Engineering & Construction (Daewoo E&C) is working, is to receive $117 million in guarantees from the...

Aviation Capital Group (ACG) has closed a four-year, senior unsecured revolving credit facility of $850 million. The facility increases ACG’s committed revolving debt...

The Bank of America Merrill Lynch (BAML) has recruited Meeta Makhan as managing director and head of Global Transaction Services (GTS) in India team, further...

Energy trading company Vitol has attracted strong interest from international banks resulting in the signing of its $7 billion revolving credit facility (RCF). These...

US law firm Sullivan & Worcester opened its London offices today. This is the first office for the law firm outside of North America. The London office is located at...

Russia’s Promsvyazbank (PSB) has signed one-year, dual-tranche loan facility agreement with a syndicate of international banks, amounting to a total of $300 million.

Daniel Riordan, CEO of Global Corporate, Zurich North America has been elected president of the Berne Union – the international association of export credit insurers. He...

The European Bank for Reconstruction and Development (EBRD) is providing funds to Garanti Bank and Yapi Kredi of Turkey to help small and medium-sized company (SME)...

HSBC has made appointments in its commodities in Singapore and in payments and cash management in Sydney. In Singapore, the bank has appointed Woei Kuen Yeo as head of...

Key personnel from the export credit agency (ECA) and private insurance community were in attendance at the Berne Union AGM held in Vienna last week. TXF was kindly...