The six largest banks in the US have exited the UN-backed NZBA following years of speculation about their departure.

The Export-Import Bank of the United States (US Exim) has approved a US$527mn loan to help US companies develop a ...

Citi has hired Seemanti Considine as financial institution sales head for the United Arab Emirates, based in Dubai.

The Access Bank UK has secured an oversubscribed facility worth US$370mn from a group of 14 banks. The funds were disbursed ...

China’s vow to boost the “scale and coverage” of export credit insurance will likely focus on technology exports and overseas investments, experts say, as Beijing works to transform its ...

UAE ministers have hailed progress in expanding access to finance for smaller businesses after Abu Dhabi-based embedded finance startup CredibleX announced it has raised US$55mn in a seed funding ...

The Black Sea Trade and Development Bank (BSTDB) is extending a US$15mn to Georgia’s Basisbank for financing SMEs. The multilateral lender says Basisbank’s SME clients will be able to use the funding ...

Danish renewable energy developer Ørsted has secured a financing facility backed by a club of export credit agencies (ECAs) to fund an offshore wind project in Taiwan. The Changhua 4 wind farm, which ...

Italian export credit agency Sace has signed an agreement with the African Development Bank (AfDB) to provide credit protection across a range of critical sectors including energy and infrastructure.

The International Finance Corporation (IFC) has agreed to shoulder half the risk on up to US$1bn of HSBC’s trade assets, to help unlock lending in emerging markets. The assets will be originated by ...

MUFG has announced the appointment of Atakan Akkaya as head of commodity and structured trade finance for the Europe, Middle East and Africa (Emea) region. He replaces Jean-Marie Le Fouest, who has ...

The government of Cameroon has closed a €94.8mn export credit agency-backed deal to finance the improvement of a road in the south of the country. Deutsche Bank is the sole lender on the transaction, ...