Malaysian credit insurer signs pact with Russia to facilitate trade
Malaysian exporters are now able to sell to Russian buyers on credit terms, said Bank Industri and Teknologi Malaysia Bhd.
Malaysian exporters are now able to sell to Russian buyers on credit terms, said Bank Industri and Teknologi Malaysia Bhd.
Exim Bank has extended a line of credit of $2m to the Trade & Investment Development Corporation of the Philippines (TIDCORP) to support India's exports to the Philippines.
Enterprise Finance Europe (EFE), the receivables finance and asset-based lender which launched in the UK just over 12 months ago, has taken its first step into Continental Europe by expanding its operations into Germany.
Resilient Euler Hermes, the world's biggest credit insurance company, has achieved an underwriting performance to make others in the universe of insurance green with envy, writes James Brewer.
Gerling NCM, the credit insurance arm of German insurance group Gerling, is on the verge of being taken over by Swiss reinsurer Swiss Re, which currently owns a stake of 25 per cent plus one share in the company.
Coface saw a pattern of business last year opposite to that of 2001, with a second-half better than the first.
Economic and political turbulence in key areas of the world, especially the Middle East, are likely to push up both price and demand for trade-credit and political-risk insurance, according to industry watchers.
A trade mission led by the head of the US & Foreign Commercial Service (USFCS) will visit trading partners Thailand, Vietnam and Singapore starting from 4 March 2003.
French credit insurer Euler & Hermes (F.EUL), which is 67.4%-owned by Assurance Generales de France (F.AGF), said Thursday its net profit slid to Ђ51.2 m in 2002, compared with Ђ90.4 m a year earlier.