Region - Western Europe
Hermes distances itself from direct lending
Euler Hermes is unlikely to start direct lending in the short to medium-term.
King & Spalding opens UK trade practice
International law firm King & Spalding has launched a trade and customs practice at its London office, and appointed Iain MacVay to head up operations.
ONDD guarantees satellite exports
French satellite operator Eutelsat has received a US$272mn loan from a syndicate of banks.
Irish PPP on road to completion
The European Investment Bank (EIB) and the Bank of Ireland (BOI) have funded the first road PPP in Ireland since 2007.
Diamond open for business in UK
Diamond Bank has acquired ownership of Intercontinental Bank (UK), and is now able to operate a bank in the UK.
SocGen names GTB head
Christian Behaghel has been appointed Société Générale’s head of global transaction banking (GTB).
Export appointments at BTMU
Sonja Schoentag has been appointed director, ECA finance at BTMU.
Senior factor joins Fimbank
Alessandro Bertoldo has joined Fimbank as head of global factoring.
France leads Euro Rmb payments
France is exchanging Rmb payments more than any other Euro country.
NIB breaks ice with shipping deal
Estonian port operator AS Tallinna Sadam (Port of Tallinn) has been given a €25mn loan by the NIB.
German airport seals infrastructure loan
KfW Ipex has loaned €50mn for the modernisation of Dusseldorf airport.
New partner at Norton Rose
Daniel Metcalfe has been appointed as a partner in Norton Rose’s infrastructure, mining and commodities team.
High credit risk for EU metals
The European metals sector has the highest credit risk globally, according to Coface.
JBIC funds Scottish oil field
JBIC has made a US$881mn loan to an oil and gas company.
TF qualification launched
The IFG, Fimbank and the University of Malta have teamed up to launch a new trade finance qualification.
