Trade finance news

'Brics bank’ welcomed by World Bank

'Brics bank’ welcomed by World Bank

The World Bank has welcomed the introduction of the Brics’ US$100bn New Development Bank (NDB), launched last week in Brazil.

In a statement to GTR, a spokesperson at the World Bank says that the NDB can contribute significantly to the “infrastructure financing gap” currently seen in developing countries, and that any efforts to generate additional capital to address the developing world’s infrastructure needs should be welcomed by other development banks.

Bank trio close UAE shariah facility

Bank trio close UAE shariah facility

Noor Bank, Qatar Islamic Bank (QIB) and Kuwait’s Warba Bank have successfully closed a US$155mn shariah-compliant receivable-backed syndicated financing facility for a UAE-based Jafza entity.

IFC approves Bangladesh GTSF deal

IFC approves Bangladesh GTSF deal

IFC has approved a US$10mn trade finance facility for Bangladeshi local apparel manufacturer MBM Group, GTR can exclusively reveal.

SMBCE’s Bedi steps up as STF head

SMBCE’s Bedi steps up as STF head

Pepi Bedi has been appointed head of structured finance at SMBC Europe. He replaces Ian Williams in the position, who has left the bank.

Pakistan bank sets up Seychelles base

Pakistan bank sets up Seychelles base

Bank Al Habib from Pakistan is set to cover cross border trade business across Africa from its new base in Seychelles, which will initially commence operation as an offshore bank.

July/August 2014

Dirty money

Dirty money

Criminals and tax evaders are using trade as a veil for their illicit activities. Finbarr Bermingham reports on the damage that’s being done, and how banks and companies need to clean up their acts.

New markets for forfaitors

New markets for forfaitors

Exporters in emerging markets are increasingly adopting forfaiting to boost their working capital so that they can export more – and reduce counterparty risks. Liz Salecka reports.

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The 2014 GTR Asia Supplement is out now!

GTR hosted its annual charity awards dinner in London on April 30. View the photos here.

GTR Leaders in Trade 2013

GTR's Export Finance Supplement is out now! 

Singapore
Singapore - September 9-11, 2014 
Switzerland
Lugano - September 16, 2014 
United States
Los Angeles - October 16, 2014 
Nigeria
Lagos - October 22-23, 2014 
Romania
Bucharest - October 30, 2014