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Jetstar-Eximbank JCB Co-Branded Card Launching

Ho Chi Minh City and Tokyo, Sept 29, 2015 - (ACN Newswire) - Vietnam Export Import Bank (Eximbank), low-cost air carrier Jetstar Pacific (Jetstar) and JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB, officially launched ...

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Benzinga
September 29, 2015
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Korea Eximbank debt spikes over 10 years: data

SEOUL/SEJONG, Oct. 1 (Yonhap) -- Total debt held by the state-run Export-Import Bank of Korea (Korea Eximbank) has surged by 53.9 trillion won (US$45.7 billion) over the last decade, a report by an opposition lawmaker said Thursday. According to the office ...

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YONHAP NEWS AGENCY
October 1, 2015
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Italian furniture producer borrows EUR 10 mln from Romania’s Eximbank

Furniture producer Italsofa Romania took a EUR 10 million credit line from local lender Eximbank. It will use the money to carry out its current activity, according to the bank. The company, which is part of the largest Italian furniture producer Natuzzi ...

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Romania-Insider
September 29, 2015
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Belarus' Eximgarant, Eximbank of Slovakia sign cooperation agreement

MINSK, 2 October (BelTA) – Eximgarant of Belarus and Export-Import Bank of the Slovak Republic signed an agreement on cooperation in Minsk on 2 October, BelTA has learned. The document was signed following the 12th session of the Belarusian-Slovak joint ...

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eng.belta.by
October 2, 2015
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Eximbank Kazakhstan has weak asset quality and modest profitability - Fitch

Fitch Ratings has published Eximbank Kazakhstan's (Exim) Long-term Issuer Default Ratings (IDRs) of 'B-'. The Outlooks are Stable. Long-term foreign and local currency IDRs: published at 'B-'; Stable Outlook Short-term foreign-currency IDR: published at 'B ...

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Trend
September 24, 2015
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Chinese Shipbuilder in Multi-Billion Dollar Scheme

The deal is deemed as the biggest single deal to date in aiding the creation of vessels. China EximBank said it has been in close cooperation with SWS for more than 10 years, and supported the shipyard with close to over US$3.1 billion worth of credit ...

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Port Technology
October 2, 2015
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Cameroon: Türc Eximbank to fund construction of Institute for promotion of innovation, science and technology

(Business in Cameroon) - According to the outgoing Turkish ambassador Omer Farouk Dogan, Cameroon’s government and Turkey are to sign a funding agreement, for the construction of an institute for the promotion of innovation, creativity, science and ...

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businessincameroon.com
September 22, 2015
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China’s ICBC inks $500m loan deal with Indonesia’s Eximbank

BEIJING: The Industrial and Commercial Bank of China (ICBC) inked a $500 million loan deal on Tuesday with Indonesia’s state-run Eximbank to help boost the country’s foreign trade and infrastructure. The five-year loan was jointly provided by ICBC ...

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customstoday.com.pk
September 23, 2015
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Indonesia Eximbank Secures $500m Loan From ICBC

Jakarta. Bank ICBC Indonesia, along with its Hong Kong-based sister the Industrial and Commercial Bank of China, known as ICBC (Asia), signed a deal to provide Indonesia Eximbank, Indonesia’s’s export-import financing agency, with $500 million in loans.

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The Jakarta Globe
September 24, 2015
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Islam Karimov Receives the President of Korea EximBank

President of the Republic of Uzbekistan Islam Karimov met with Chairman and President of the Export-Import Bank (EximBank) of the Republic of Korea, Lee Duk-Hoon, on September 22 at the Oqsaroy. Welcoming the guest, head of our state noted the ...

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uza.uz
September 23, 2015
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Fitch says Kazakh Eximbank has weak asset quality

Fitch Ratings has published Eximbank Kazakhstan's (Exim) Long-term Issuer Default Ratings (IDRs) of 'B-'. The Outlooks are Stable. Long-term foreign and local currency IDRs: published at 'B-'; Stable Outlook Short-term foreign-currency IDR: published at 'B ...

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Azer News
September 24, 2015
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Maersk Orders Nine Tankers at Samsung Ningbo

Meanwhile, South Korean shipbuilder Samsung Heavy Industries and the Export-Import Bank of Korea (Korea Eximbank) have agreed to take over and jointly manage the financially troubled Sungdong Shipbuilding & Marine Engineering for an initial period of four ...

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This Day Live
October 2, 2015
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Indonesia Eximbank signs $500m deal with ICBC

Indonesia Eximbank has signed a $500 million loan with the Industrial and Commercial Bank of China (ICBC) to help boost Indonesia’s foreign trade and infrastructure, according to... You must be logged in to view this page. If you are already a registered ...

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Trade Finance
September 25, 2015
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China's Eximbank provides $253 mn loan for highway construction in Bolivia

The Export-Import Bank of China, or Eximbank, is providing $253 million for the construction of a highway in eastern Bolivia, Public Works Minister Milton Claros said. Claros signed the contract for construction of the highway on Saturday. The Eximbank ...

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Latino FOX News
September 20, 2015
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Don't Believe The Hype About The GOP Civil War

And indeed, the riches showered on us all by Boehner’s atonement for our sins might well include such Beltway prizes as the salvation of Eximbank, or yea, even a Highway Bill! The reality is a bit less stirring, I’m afraid. Boehner is simply ...

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TPM
September 30, 2015
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Eximbank to sell Sacombank stake

HCM CITY (VNS) — The Viet Nam Export Import Commercial Joint-Stock Bank (Eximbank) withdrew its capital representatives at Sai Gon Thuong Tin Commercial Joint Stock Bank (Sacombank), taking the first step to divest from Sacombank. This was announced on ...

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vietnamnews.vn
October 27, 2015
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Progress for Jordan's nuclear projects

Korea Export-Import Bank (EximBank) is to invest $12.8m in the construction of a nuclear research reactor in Jordan. EximBank said it has signed a deal with Jordan's Minister of Planning and International Cooperation, Imad Najib Fakhoury, to provide ...

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Nuclear Engineering International
November 5, 2015
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Korea Eximbank's Activities in Ghana

Korea Eximbank is one of the key Official Development Assistance (ODA) player in the African continent. It provides ODA to partner countries through the Economic Development Cooperation Fund (EDCF). The Economic Development Cooperation Fund (EDCF) was ...

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Ghana Web
October 24, 2015
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Zimbabwe: India Eximbank Extends U.S $87 Million Loan Facility

India Zimbabwe and the Export-Import Bank of India (Eximbank) will today sign an $87 million loan agreement to rehabilitate and upgrade Bulawayo Thermal Power Station. Today's formalisation of the agreement comes at a time Zimbabwe, which depends on hydro ...

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AllAfrica
October 27, 2015
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EXIM backers vow to defeat U.S. House amendments to gut trade bank

A hard-fought renewal of EXIM's charter, which has been expired since June 30, is part of a Senate-passed transportation funding bill that is currently before the House Rules Committee. The bank's opponents are now piling on proposals to sharply curtail ...

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Reuters
November 3, 2015
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KPC signs MoU worth USD 5 bln with Korea's Eximbank

KUWAIT, Oct 27 (KUNA) -- The Kuwait Petroleum Corporation (KPC) and the Export-Import Bank of Korea, also known as Korea Eximbank, have signed in Seoul, a Memorandum of Understanding (MoU) worth USD 5 billion. According to the MoU, Eximbank will contribute ...

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KUNA
October 27, 2015
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Don’t get excited, China is not the new aid superpower

Countries that expected cancellation of new concessional loans from China’s Eximbank, export credits, or commercial loans were disappointed. Xi Jinping’s announcement that debt cancellation could be extended to vulnerable countries (landlocked and ...

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The Guardian
November 3, 2015
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Cameroon awards $487m Telecoms Contract to Chinese firm

EximBank China will finance 85% of the project via a loan to the Cameroon government, with the government financing the rest, Cameroon’s minister of telecommunication, Lisette Libom Lilikeng stated. “This investment permits us to transform Cameroon ...

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cp-africa.com
November 4, 2015
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Creditors to extend W4.2 tril. to Daewoo Shipbuilding

KDB and other creditors have already funneled 2.9 trillion won. This time, KDB and the Korea Export-Import Bank of Korea, or Korea Eximbank, plan to inject 2.6 trillion won and 1.6 trillion won, respectively, he said. The official acknowledged that the ...

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THE KOREA TIMES
October 29, 2015
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Billion-dollar MoU for Shipping Finance

Stephen Fewster, Global Head of Shipping Finance ING Bank said, “We are very pleased with this next step in building a deeper relationship with The Eximbank of China. China is one of the leading nations in the shipbuilding industry and many of our ...

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maritimeprofessional.com
October 26, 2015
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EXCLUSIVE: Factors impeding Russia investments in Africa identified

These readily provided credits for American investors seeking to expand into this continent, a stance Firsing said was worth adopting by the Eximbank of Russia. A good example of the continued willingness to fund American companies willing to invest in ...

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cajnewsafrica.com
October 30, 2015
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Carbamide plant to be commissioned in Azerbaijan in 2018

"I think that the plant will be put into operation in late 2017-early 2018,” he said. “The Korean Eximbank delivered a short-term loan to implement the project. At present, the talks on drawing the main long-term loan are being held with the bank.

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Trend
October 30, 2015
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Eurasian Resources Group seeks to draw a line under scandals

These DRC assets are now ERG’s great hope for future growth. Last month, it agreed a $700m financing package with China’s ICBC and Eximbank to build a copper and cobalt tailings project in the DRC. It will make ERG the world’s largest producer of ...

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Financial Times
November 2, 2015
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Loans week October 23-29

Sumitomo Mitsui Banking Corp, UBS, UOB and Westpac on a club basis. Proceeds are for general corporate purposes. This is the second largest Finance sector loan in Indonesia so far this year, behind Indonesia Eximbank’s $1.0 billion fundraising signed in ...

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Finance Asia
October 29, 2015
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Sabeco to divest from Eximbank

The Saigon Beer Alcohol Beverage JSC will unload all its 5.73 million shares in the Viet Nam Export-Import Commercial Joint Stock Bank, or Eximbank. Transactions are carried out at Eximbank. Beverage firm Sabeco will unload all its shares in this bank.

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Vietnam Investment Reviev
November 4, 2015
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Shutdown 'ordeal' showed agency's importance: EXIM boss

A five-month lapse in EXIM's charter cost U.S. exporters hundreds of millions of dollars in contracts and thousands of lost jobs, but underscored its importance as a tool in the fierce battle for global trade, Hochberg told Reuters. "It's been an ordeal ...

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Reuters
December 11, 2015
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Chinese president in South Africa to discuss trade

Minister Chinamasa signed two loan agreements for the expansion of Hwange Thermal Power Station and TelOne's fibre optic project with the chairperson of the China Eximbank, Ms Hu Xiaolian.

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Pop & Herald
December 9, 2015
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Kenya: $1.5 bn Chinese loan for railway boost

"Kenya and China signed a financing package for the extension. China Eximbank will provide a $1.5 billion loan, 85 percent of the financing, while Kenya will provide the balance," he told a news conference. The deal was signed on the sidelines of the Forum ...

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Ghana Web
December 6, 2015
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China to fund Zimbabwe's 600MW Hwange coal power station with $1 billion

Minister Chinamasa signed two loan agreements for the expansion of Hwange Thermal Power Station and TelOne's fibre optic project with the chairperson of the China Eximbank, Ms Hu Xiaolian.

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wwntradio.com
December 9, 2015
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Kenya: Uhuru Gets New Sh140 Billion SGR Loan

President Uhuru Kenyatta secured the deal with the China Eximbank during his visit to South Africa to finance the SGR's second phase from Nairobi to Naivasha. The details emerged amid concerns Kenya was over-borrowing, with the Treasury expected to repay ...

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AllAfrica
December 7, 2015
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China’s ‘One Belt, One Road’ Initiative: Outlook For OBOR and the US Rebalance

This conversation with Dr. Erica Downs – Senior Analyst at Eurasia Group and former fellow in the John. L Thornton China Center at the Brookings Institution – is the 22nd in “The Rebalance Insight Series.” OBOR and TPP seem to be two parallel ...

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The Diplomat
December 3, 2015
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Zimbabwe seals energy, telecoms deals on Chinese leader Xi’s visit

Financial details of the deals were not immediately available. The Hwange expansion project, to be funded by China’s export-import bank (China Eximbank) and carried out by SinoHydro, will add 600 megawatts to Zimbabwe’s power grid. The expansion ...

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New Zimbabwe
December 2, 2015
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China’s overseas coal power investment revealed

This financing is provided by lenders such as China Development Bank and China Eximbank as well as commercial banks supported by export credit insurer Sinosure. For projects still at the planning stage, the CPI said the share of equity has increased to ...

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Power Engineering
December 1, 2015
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Uhuru's foreign trips are bringing

Under the agreement, China Eximbank will provide a Sh150 billion in a new loan for the project. The Spokesman added that China has also offered Sh4.5 billion to the government to construct a conference center for the Ministry of Foreign Affairs.

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Standard Group
December 7, 2015
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Vietnam lending interest rate reduces 0.28% in Nov

Eximbank cut the rate of 0.25 per cent for short-term loans but increased it by 0.5 per cent for long-term loans. However, some other lenders such as Sacombank and Dong A Bank raised their lending rates between 0.1 per cent and 0.4 per cent per year.

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customstoday.com.pk
December 4, 2015
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Chinese leader Xi Jinping welcomed in Zimbabwe

Minister Chinamasa signed two loan agreements for the expansion of Hwange Thermal Power Station and TelOne's fibre optic project with the chairperson of the China Eximbank, Ms Hu Xiaolian. Xi's visit can boost the Chinese Dream and Zimbabwe's dream for ...

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Investment Underground
December 4, 2015
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Korea-Sri Lanka in partnership strategies, economic cooperation talks

Entrusted by the MOSF, the Export-Import Bank of Korea(Korea Eximbank ) was responsible for the administrative operation of the EDCF, including appraisal of project, execution of loan agreements and loan disbursements. Other duties included principal ...

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The Island
December 10, 2015
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China to fund various projects in Kenya amid growing ties: official

"On the margins of FOCAC, Kenya and China signed a financing package for the extension: China Eximbank will provide a 1.5 billion dollars loan, 85 percent of the financing, while Kenya will provide the balance," Esipisu said, adding that the National ...

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Xinhua News Agency
December 6, 2015
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Rugged terrain between Nairobi and Naivasha doubles cost of SGR

In fact, the deal secured at the Forum on China-Africa Cooperation in South Africa is only 85 per cent of the financing extended by China Eximbank, while Kenya will provide the balance. The topography from Mombasa to Nairobi is almost flat although there ...

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Daily Nation
December 8, 2015
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China and South Africa Sign 26 Deals During President Xi's Visit, Including

China Eximbank will also put up $99 million, also at two percent over 20 years, for state-owned telecommunications firm TelOne's broadband access project. I am confident that the outcomes of the Johannesburg Summit of Focac will live up to the expectations ...

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THE PREFACE
December 5, 2015
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China, rivals to 'pick up the slack' with lapse of U.S. trade bank: White House

"When Ex-Im lapses, China and other foreign rivals will pick up the slack, putting American businesses and American workers at a disadvantage," the White House said.

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Reuters
June 30, 2015
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Korean Govt decides to inject 300b win of tax money into Korea EximBank

SEOUL: The Korean government decided to inject 300 billion won (US$270.68 million) of taxpayer money to support the Export-Import Bank of Korea (Korea EximBank), which currently struggles with its financial soundness, on June 24. As companies that have ...

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customstoday.com.pk
June 26, 2015
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Taiwan's Eximbank agrees to cut Niger debt

NIAMEY, June 26 (Reuters) - Export-Import Bank of the Republic of China, Taiwan's state-owned Eximbank, will cut a more than 20 year old debt of $183 million owed by Niger to $20 million under an agreement announced by a senior government official on Friday.

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Yahoo Finance
June 26, 2015
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Korean Gov't Decides to Inject 300 Billion Won of Tax Money into Korea EximBank

The amount of embezzlement by bank officials has exceeded 100 billion won (US$92.9 million). In particular, Korea Exchange Bank and NH Bank are dishonored by being labeled “corrupt banks,” since they... The Export-Import Bank of Korea (Korea Eximbank ...

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BUSINESS KOREA
June 25, 2015
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Eximbank USA finances South West Cameroon drinking water project to the tune of 63 billion FCFA

(Business in Cameroon) - The American Import-Export Bank (Eximbank USA) will be financing the construction of 186 km of canalisation in Buea to supply the regional capital of South West Cameroon and the neighbouring areas of Mutenguene et Tiko with ...

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businessincameroon.com
June 17, 2015
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Obama says U.S. Congress 'taking a step backward' with Ex-Im lapse

In an op-ed piece in the Boston Globe newspaper, Obama said the lapse "means lost sales, lost customers, and lost opportunities" for exporters.

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Reuters
June 30, 2015
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Indonesia to order $1bn worth of GE gas-fired power technology

She added that the US Eximbank will help PLN with finance. President Joko Widodo’s government plans to develop a massive 35,000 MW power plants projects in the next five years to maintain sufficient power generation as demand is expected to rise at 7-8 ...

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Power Engineering
June 29, 2015
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Four observations about the AIIB's Articles of Agreement

This may be well-received by some countries who struggle with the currency fluctuations associated with paying back China Eximbank loans in RMB. There will be an open procurement policy, meaning goods and services (and companies) from non-member states can ...

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The Interpreter
June 30, 2015
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Aquino inspects construction of new int’l airport in Palawan

The US$82.9-million (P3.6 billion) airport develop project, which the Korean company reported to be at a completion stage of 30 percent, is funded by a soft loan from the Korean Eximbank under its Economic Development Cooperation Fund facility. Once ...

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Philippine Daily Inquirer
June 29, 2015
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HAGL complex opens in Myanmar

Photo vnexpress The Hoang Anh Gia Lai (HAGL) Group has invested in the project, spread over more than 73,000qu.m, with financial support from the Bank for Investment and Development of Viet Nam (BIDV), Eximbank and Sacombank. The first phase includes a ...

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Vietnam Investment Reviev
June 26, 2015
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Base conditions of project financing for Yamal LNG singed - Sberbank

Sberbank, Gazprombank, Vnesheconombank (VEB), China Development Bank and China Eximbank have signed the base conditions of project financing for the Yamal LNG project, which is being implemented by Novatek, France's Total and China's CNPC, Sberbank Deputy ...

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RUSSIA BEYOND THE HEADLINES
June 24, 2015
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India launches credit package for Vietnam textile park

Truong Van Cam, representative from the Vietnam Textile and Apparel Association (Vitas) said the Vietnam Export Import Commercial Joint-Stock Bank (Vietnam Eximbank) was selected to disburse the credit package. The credit package also aims to fully tap ...

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Fibre2Fashion
June 22, 2015
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Cameroon: Kribi Deep Seaport Project - Management Team Awaited

A presidential decree of April 8, 2014 authorised the Minister of the Economy, Planning and Regional Development to sign a loan agreement with Eximbank China for the latter to loan out 385,808.6 million US dollars (about FCFA 192.91 billion) to Cameroon ...

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AllAfrica
July 1, 2015
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Vietnam Eximbank Trusts in Wirecard mPOS Solution

Since lately, Wirecard Group, with its Singapore subsidiary Trans Infotech Pte. Ltd., cooperates with Vietnam Export Import Commercial Joint Stock Bank (Eximbank) in the field of mobile payment via innovative mPOS terminals. The new service to accept card ...

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theindependent.sg
January 29, 2015
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Romania’s lender EximBank doubles the 2012 gross profit in just six months of 2013

Romanian lender EximBank registered a gross profit of around EUR 6.8 million (almost RON 30 million) in the first half of this year, almost double the level of the entire 2012, according to the bank’s preliminary financial results. “We have set as an ...

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Romania-Insider
July 16, 2013
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