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09 July 2015

Akbank secures new three-year $275 million facility

Akbank has secured a three-year $275 million syndicated loan through international bank channels. This is the first time since 2006 that a Turkish bank had approached the...

08 July 2015

Afrexim raises and closes a record $1 billion bank loan

The African Export-Import Bank (Afrexim) has finally closed the general syndication stage of a term loan amounting to the equivalent of $1 billion. This is the largest...

08 July 2015

BRICS further build foundations of New Development Bank

The BRICS countries (Brazil, Russia, India, China and South Africa) held their first meeting of the board of governors of the New Development Bank (NDB) in Moscow...

08 July 2015

HFW extends corporate and projects capability in South-East Asia

International law firm Holman Fenwick Willan (HFW) has hired Haydn Dare as a partner to work on corporate and project finance with a particular focus on Singapore and...

08 July 2015

Uruguay solar project gets IADB funding

The Inter-American Development Bank (IADB) has agreed to provide a $55.7 million loan from its ordinary capital to finance the construction, operation and maintenance of...

08 July 2015

Côte d’Ivoire’s Afriland First Bank gets Afrexim facility for SME onlending

The African Export-Import Bank (Afrexim) has signed a €15-million ($16.5 million) financing facility to Afriland First Bank’s Côte d’Ivoire subsidiary for the financing...

08 July 2015

The £93bn handshake: businesses pocket huge subsidies and tax breaks

The Guardian’s analysis reveals that hidden subsidies, direct grants and tax breaks to big business – including the provision of export credit...

08 July 2015

BRICS throw support behind RDIF's infrastructure financing initiative

The BRICS countries have supported an initiative by the Russian Direct Investment Fund (RDIF) to set up a joint mechanism for equity investments in infrastructure...

08 July 2015

S&P downgrades Uralkali

International credit rating agency Standard & Poor’s has downgraded Russia's Uralkali, one of the world’s largest potash producers, from BBB- to...

08 July 2015

BRICS launch development bank ahead of Russian summit

The five major emerging economies known as Brics launched a development bank Tuesday ahead of a summit in the Russian industrial city of Ufa.

07 July 2015

Euler Hermes appoints new Italy country manager

Euler Hermes, the worldwide leader of trade credit insurance, has appointed Luca Burrafato as country manager for Euler Hermes Italy, effective 6 July 2015. He will...

07 July 2015

Solunion expands into Peru

After recently entering the Uruguayan market, the credit insurance specialist, Solunion, a Euler Hermes and MAPFRE joint venture, continues its Latin American...

07 July 2015

Turkey's TSKB seals new syndicated loan

Commerzbank, BayernLB, BNP Paribas, Citi, HSBC, ING, Raiffeisen Bank International, Société Générale and Standard Chartered, along with a...

07 July 2015

UKEF suspends new guarantees for Greece

The UK's export credit agency, UK Export Finance (UKEF), has said it will no longer process applications for protection on exports to Greece given the crisis in...

07 July 2015

FMO and IDCOL combine for port infrastructure loan in Bangladesh

Dutch development bank FMO, working together with the Bangladeshi institution Infrastructure Development Company Limited (IDCOL), have signed an agreement to provide a...

06 July 2015

Jin Liqun nominated for AIIB presidency

China has nominated Jin Liqun for the presidency of the Asian Infrastructure Investment Bank (AIIB). Jin, is a former vice-minister of finance in China, chairman of the...

06 July 2015

Volac and Wilmar establish a global animal feed fats business

Volac International and Wilmar International have today announced the creation of a joint-venture group to develop their added value animal feed fat business around...

06 July 2015

Turkey’s TSKB secures loan for trade and project and trade finance onlending

The Industrial Development Bank of Turkey (TSKB - Turkiye Sinai Kalkinma Bankasi) has secured an overall $252.5 million loan through a syndicate of international banks....

06 July 2015

Putin approves Russian Export Center

Russian President Vladimir Putin has signed a law to establish the Russian Export Center (REC).The REC is designed to provide Russian exporters with a single window...

06 July 2015

Isolux Corsan 'preferred bidder' for Mecca Metro lines

Spanish engineer Isolux Corsan, in consortium with the Turkish company Kolin İnşaat Turizm Sanayi ve Ticaret and the Arab Haif company, has been appointed the...