* Increase of R$491.0 million in Other Liabilities in function of forfaiting
operations relative to slab and raw materials supply.
93/2009, non-bank financial institutions can perform the following crediting activities: a) granting of loans, including but not limited to, consumer loans, mortgages, real estate loans, microcredits, financing of commercial transactions, factoring transactions, discount and forfaiting
; b) financial leasing; c) guarantees, assuming commitments to guarantee, assuming funding commitments; d) granting of loans with receipt of goods in pledge, or pawning by pawnshops; e) granting of loans to the members of non-profit associations organized on the basis of the wilful consent of employees/ pensioners for the purpose of supporting their members through financial loans by these entities organized in the legal form of mutual aid banks; f) other forms of in lending.
Earlier this year BNY Mellon received two other awards, a gold for best bank trade services provider and a bronze for most innovative trade bank, at the 2014 Trade & Forfaiting
Review Excellence Awards.
CJSC has told ArmInfo that Bank ZENIT (Open Joint Stock Company), Federated Investors, London Forfaiting
Company Ltd and VTB
These include winning 11 EMEA Finance Achievement' awards; the 'African Deal of the Year' award for Konkola Copper Mines financing in the 2013 Project Finance Deal of the Year Awards; 'Commercial Deal of the Year' in the 2013 Trade & Forfaiting
Review Deals of the Year for arranging finance for commodities trader Export Trading Group; and being named 'Best Trade Finance Bank in Africa' by Global Finance.
While explaining the nature of trade financing carried out by DF DEUTSCHE FORFAIT AG Ulrich Wippermann said in an interview that DF Deutsche Forfait AG operates as a forfaiting
It owns the UK-registered London Forfaiting
Company, together with factoring joint-ventures in Russia, Romania, Brazil, India, Dubai, Egypt and Lebanon.
MANAMA: The ICC Bahrain, the national committee of the International Chamber of Commerce in the kingdom, has played a major role in drafting rules for forfaiting
Standard Bank has been named Best Trade Bank in Africa in the annual Excellence Awards of Trade & Forfaiting
Summary: Mashreq was recently recognised at the TFR Excellence Awards 2012 from London-based Trade & Forfaiting
Review (TFR) Magazine.