AfDB approves $450m trade finance package for Afreximbank

The package aims to boost intra-African trade and promote regional integration The board of directors of the African Development Bank (AfDB) has approved a $450m trade finance package for the African Export–Import Bank (Afreximbank) on Wednesday, according to a press statement from Friday. The statement said that the facility consists of a three-year $150m unfunded…

Turkey: Before Drafting Guarantee Agreements, You May Need To Consider These Issues First

by Begüm Biçer İlikay Our recent experience in disputes governed by Turkish law shows That parties should be very diligent while drafting guarantee agreements. Omissions that seem very simple may lead to significant problems in later stages, particularly in determining the legal nature of these agreements, whereby confusions arise about whether the agreement is a…

Deutsche Bank Aquire TrustBills With Focus on Trade Finance

Deutsche Bank revealed Wednesday (April 5) the acquisition of 12.5 percent in FinTech company TrustBills. The Germany-based company specializes in online receivables auctions, facilitating the selling of national and international trade receivables, reports said. According to Deutsche Bank, the takeover is part of broader efforts to strengthen its trade finance position. “Advancements in technology will…

MICROCAPITAL BRIEF: TriLinc Approves $36.8m in Term Loans, Trade Finance for SMEs in Africa, Latin America, Southeast Asia

TriLinc Global Impact Fund (TriLinc) recently announced that it has approved USD 36.8 million to fund term loans and trade finance transactions for small and medium-sized enterprises (SMEs) that operate in Africa, Latin America and Southeast Asia. The term loans will be disbursed to 10 different companies with interest rates ranging from 7.5 percent to…

Russian bankers to discuss blockchain application on April 19

On April 19, Moscow will host a session dedicated to the application of blockchain technologies in the banking sector within annual Blockchain & Bitcoin Conference Russia. It will engage representatives of Sberbank, Alfa Bank and other companies, actively implementing blockchain in business processes. Why Russian bankers are interested in blockchain Early in the year, it…

Manage Your Expenses with a Bajaj Finserv Line of Credit

Pune, Maharashtra, India Do you need financial assistance without the monthly pay-outs that accompany a Personal Loan? Bajaj Finserv, India’s most diversified financial services company through its lending arm Bajaj Finance, brings you a unique product – the personal line of credit. ​ A Bajaj Finserv Line of Credit is a one-of-a-kind credit facility allotted…

Toshiba Said to Offer Equity, Real Estate as Loan Collateral

Toshiba Corp. is offering stock holdings and real estate as collateral to lenders as it seeks additional financial support amid multi-billion losses in its U.S. nuclear business, according to people familiar with the matter. The Tokyo-based company met with banks Wednesday afternoon and made the offer as it requested loan extensions through the end of…

IMF urges G20 co-operation over trade

The International Monetary Fund has called on the Group of 20 major economies to work together to preserve the benefits of trade and avoid protectionism, while also urging them to reduce external imbalances and halt policies that distort global trade. Under pressure from rising protectionist sentiment in many advanced economies, including the United States, the…

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