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Embedded trade finance is becoming an increasingly popular service for banks seeking to reduce costs, enhance efficiencies and implement robust compliance processes. BNY Mellon Treasury Services’ Joon Kim, Global Head of Trade Finance, Working Capital and Portfolio Management, and David Cook, Regional Head & VP, Global Trade Product Management, explore this banking trend further.
11/07/2023
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Coface and Crédit Agricole sign a distribution agreement to accompany corporates in their international development.
10/07/2023
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Deutsche Bank appoints Matthew Moodey as head of trade finance and lending in Asia Pacific (Apac). Based in Singapore he will be reporting to Ole Matthiessen, head of Deutsche's corporate bank in Apac, and Atul Jain, global co-head of trade finance and lending.
10/07/2023
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Silvr, a Parisian innovative neo-lender, focused on serving small and medium-sized enterprises (SMEs), has revealed the signing of a new securitised facility of up to €200m with Citi and Channel, backed by the loans it originates to SMEs. The initial facility will be of €67m, with increases subject to lenders’ consent.
10/07/2023
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Bausch Health Companies Inc. and KKR today announced that Bausch Receivables Funding LP, an Ontario limited partnership and wholly-owned subsidiary of Bausch Health, has entered into a US$600m non-recourse financing facility with KKR and its credit funds and accounts.
07/07/2023
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A report by the Asian Development Bank (ADB), Supply Chain Finance in Central Asia and Caucasus, reveals Pakistan’s potentially large supply chain finance (SCF) market, but highlights the factors impeding its full development. The report estimates that the SCF market for the region could be worth as much as USD 18bn in the medium term, half of which could come from Pakistan.
07/07/2023
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The European Investment Fund (EIF) has signed four new guarantee agreements with PMV Group, Wallonie Entreprendre (WE), and finance&invest.brussels, backed by the European Union’s InvestEU programme.
07/07/2023
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To support job creation and strengthen economic inclusion in Thailand, IFC is providing a US$105m loan to Thai Credit Retail Bank Public Company Limited (Thai Credit), a bank focusing on micro, small, and medium enterprises (MSMEs) in Thailand.
07/07/2023
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Growth Lending has closed a US$2.5m, single-customer concentration working capital facility for a manufacturer of baby blankets and swaddling products.
06/07/2023
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Monroe Capital LLC (Monroe) today announced it has completed the acquisition of Horizon Technology Finance Management LLC (Horizon), a market leader in venture debt lending. Horizon is the investment adviser to Horizon Technology Finance Corporation.
06/07/2023
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Bad debt has continued to decline in the EBRD’s European markets despite the economic tumults of the past years, finds the new edition of the NPL Monitor, published today.
06/07/2023
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WAG Payment Solutions PLC, known as Eurowag, plans to acquire an additional 18 per cent stake in JITpay GmbH for €25.7m, after they bought 10 per cent for €14.3m in Sep 2022.
05/07/2023
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Finacity Corporation (Finacity), a White Oak Company, is announcing that it has facilitated the increase of a receivables finance facility to €13m for Santa Fe Relocation, a global mobility company specialising in managing and delivering high-quality relocation services worldwide.
05/07/2023
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In order to support local SMEs with finance and the development of digital supply chain finance (SCF) solutions, the State Bank of Pakistan has chosen Haball’s SCF digital platform.
05/07/2023
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The Asia Corporate Payment Survey, conducted by Coface between November 2022 and April 2023, provides insights into the evolution of payment behaviour and credit management practices of about 2,300 companies across the Asia Pacific region.
05/07/2023
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