Sector - Bank-to-Bank Lending
Update: Garanti signs syndicated loan
Turkey’s Garanti Bank has signed a €1bn syndicated loan with 48 banks.
Yapi Kredi closes syndicated loan
Yapi Kredi has closed a one-year US$1.47bn syndicated dual-tranche term loan facility with the help of 44 banks.
Fimbank reports boosted profits
Malta-based Fimbank has revealed an increase of 35% in after-tax profit in 2011, reaching US$9.13mn
CIS banks head in a different direction
As European banks continue to struggle with rising funding costs and pull back on trade finance, banks in the CIS region will find new ways to diversify their funding strategies.
Georgia gets a helping hand
With the help of the IFC, Bank Constanta will expand its financial services to small and medium enterprises in Georgia to boost economic growth and employment.
Sberbank secures WestLB funds
Russia’s Sberbank has secured a four-year US$50mn loan from WestLB for trade-related purposes.
Yapi Kredi continues show of Turkish strength
Turkey’s Yapi Kredi has managed to pull in the equivalent of US$1.2bn in its annual syndicated loan with slightly more favourable terms compared to last year’s pre-eurozone crisis deal.
Akbank continues winning streak
Turkish lender Akbank has managed to maintain its low borrowing costs by negotiating a US$1.4bn syndicated loan priced at just 100 basis points over bank lending rates.
The dual-currency one-year loan is split between a €708.5mn tranche priced at Euribor plus 100bps and a US$422mn tranche which costs Libor plus 100bps.
The pricing on the deal is comparable to what the Turkish bank paid for its March 2010 syndicated loan, which brought in an oversubscribed US$1.2bn.
A total of 44 banks lent to the newest transaction, meaning that the bank attracted similar numbers to previous syndicated loans.
Bank Muscat welcomes international loan
Oman’s Bank Muscat has pulled in a US$300mn trade finance-related term loan from six commercial banks.
Bank Muscat is paying a margin of 150 basis points over Libor for the three-year loan.
The bank is planning on using the funds for...
Afrexim deal set for oversubscription
Mandated lead arrangers ICBC and WestLB are expecting to sign a syndicated facility for the African Export-Import Bank in the coming weeks.
Belarusbank attracts German money
Minsk’s Belarusbank has signed a US$40mn credit facility with three German banks and Euler Hermes to onlend to furniture manufacturer Gomeldrev.
The Kazakh come back
Although eager to be accepted back into the global trade finance market, BTA Bank will inevitably have some waiting to do. In the meantime, it’s focusing its efforts on supporting the domestic Kazakh economy, reports Rebecca Spong.
Garanti draws in international lenders
Turkey’s Garanti Bank has tapped the international syndication market for a multi-currency, dual-tranche €1bn credit facility.
VEB pulls in Russia's largest loan
Vnesheconombank has Russia’s largest syndicated loan to date worth US$2.45bn.
Yapi Kredi pulls in Turkey's biggest deal
Turkey’s Yapi Kredi has signed the largest syndicated loan in the Turkish banking sector to date with a hugely oversubscribed US$1.45bn dual-tranche, multi-currency facility.
