Ukrainian agribusiness firm Kernel has agreed a $200 million pre-export credit facility with a syndicate of European banks.
Once heralded as the future of digital trade finance transactions, the Bank Payment Obligation (BPO) is now viewed with increasing scepticism. Has its time come and gone, or is there life in the BPO yet?
Trade Finance grabbed a few minutes with the CEO of SACE, Alessandro Decio, at the sidelines of GEF in Barcelona to hear about the ECA’s renewed underwriting efforts.
|Rank||Company||Total US$ m||Transactions||Market Share (%)|
|1||China Exim Bank||25,303.17||56||6.79|
|2||China Development Bank||20,686.52||4||5.55|
|3||United Arab Emirates government||16,200.00||1||4.34|
|4||Mitsubishi UFJ Financial Group||11,299.55||90||3.03|
|6||Mizuho Financial Group||10,155.46||66||2.72|
|7||Bank of China||9,520.27||29||2.55|
|10||Sumitomo Mitsui Financial Group||9,136.13||80||2.45|