Trade financing banks from Europe and the US will likely welcome China’s launch of both the Silk Road Fund and the Asian Infrastructure Investment Bank: two key initiatives announced at this month’s Asia Pacific Economic Co-operation summit in Beijing.
Head of transaction banking in Europe at ANZ Bank, Peter Sargent, tells GTR that initiatives such as these will encourage the evolution of western lenders’ approach to China as a trading entity.
Alternative lender Finexkap has secured US$22.5mn to launch France’s first online working cap financing platform.
Ecobank Nigeria has secured a debut US$150mn one-year term loan facility, syndicated among seven lenders.
Matt Wreford has joined Demica as CEO, succeeding Phillip Kerle.
Rabobank has appointed Jasper van Schaik as global head of trade and commodity finance, replacing Diane Boogaard.
On the 70th anniversary of the Bretton Woods Conference, have the World Bank and co finally met their match? Finbarr Bermingham reports.
The sharp rise in country risk across a cluster of emerging markets this year is engaging minds in the political risk insurance (PRI) community in ways not seen since 2007/08, writes Kevin Godier.
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