Chinese banks won’t provide competition to the dominant western banks in the commodity finance space for “three to five years”.
A panel at Exporta’s Europe Trade & Supply Chain Finance Conference in Hamburg said the banks are currently interested in supporting the flow of commodities into China, but are not yet serious competition to the likes of Deutsche Bank, ING and Société Générale.
Turkey’s Isbank has secured a US$1.2bn refinancing package from a syndicate of 47 banks.
KfW Ipex has provided finance to clean up two existing manufacturing centres.
Suzanne Larsson-Nivard has been appointed global head of agri-commodities at ABN Amro.
Brian Devine has been named partner in Fulbright New York’s shipping practice.
The UK economy is flatlining and the medicine, thus far, isn’t working. Finbarr Bermingham reports on an exports sector in dire need of resuscitation.
No export credit agency reflects the growing importance of such institutions better than US Exim. From its annual conference in Washington DC, Finbarr Bermingham reports record-breaking growth, but room for development.
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