News Analysis

Kernel raises $200m PXF

• Commodity
• Europe
• Joe Kavanagh
• 19 October 2017

Ukrainian agribusiness firm Kernel has agreed a $200 million pre-export credit facility with a syndicate of European banks.

Taped over?

• Export and Agency
• Global
• 12 October 2017

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?

Imitation game

• Export and Agency
• Europe
• Joe Kavanagh
• 26 September 2017

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.

Trade Finance League Table

All Lenders All Commercial Lenders DFI ECA State Lender Legal Adviser

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
5	HSBC	11,183.26	72	3.00
6	Mizuho Financial Group	10,155.46	66	2.72
7	Bank of China	9,520.27	29	2.55
8	ING Group	9,490.87	79	2.55
9	JBIC	9,395.96	29	2.52
10	Sumitomo Mitsui Financial Group	9,136.13	80	2.45
	TOTALS:	132,371.19	506	35 %

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