Wednesday, October 4, 2023
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home Commodities

MUFG Expands Commodity Trade Finance With New Amsterdam Desk

MtR by MtR
July 3, 2022
in Commodities
0
MUFG Expands Commodity Trade Finance With New Amsterdam Desk


(Bloomberg) — Mitsubishi UFJ Financial Group Inc. is expanding its commodity trade finance business with a new desk in Amsterdam, just as banks start to boost lending to the sector.

The Japanese bank hired Natalia Kasyanova to lead the effort, overseeing clients in Europe, MUFG said in a statement to Bloomberg on Friday. She was previously with digital trade finance firm Komgo SA and will report to Atakan Akkaya, the bank’s head of commodity finance in Europe, Middle East and Africa.

“MUFG can today confirm the launch of a new commodity finance desk in Amsterdam,” the bank said, adding it has been “progressively expanding” its commodity finance business over the past decade with desks covering energy, metals and agriculture.

Loans to commodity traders have started to increase again after European banks including BNP Paribas SA, Societe Gererale SA and ABN retrenched or pulled out of the market altogether following a string of fraud cases. The recent pick-up has also been slow as the war in Ukraine triggered turmoil in the industry and forced many to stop financing the movement of Russian metals, oil and grains.

Still, Japanese banks have been increasing their presence ever since the big pull back from European peers. This week, BNP said it was exiting the business in the US, with its book of loans being sold to MUFG, according to people with knowledge of the situation, who asked not to be identified because the information was private.

Kasyanova has also previously worked for MUFG as a vice president of commodity finance, and with ABN Amro NV.

Rival ING Groep NV, one of the world’s top financiers of the commodities trade, said last week that it has some room to increase lending as prices rise, but that overall funding to the raw materials industry remains below 2019 levels.

©2022 Bloomberg L.P.





Source link

Related articles

England have “rare commodity” to fill Jofra Archer void as World Cup super over hero absent

England have “rare commodity” to fill Jofra Archer void as World Cup super over hero absent

October 4, 2023
Miners drag commodity-heavy FTSE 100 lower – Markets

Miners drag commodity-heavy FTSE 100 lower – Markets

October 4, 2023

Related Posts

England have “rare commodity” to fill Jofra Archer void as World Cup super over hero absent

England have “rare commodity” to fill Jofra Archer void as World Cup super over hero absent

by MtR
October 4, 2023
0

Jofra Archer is only a travelling reserve for this year's World Cup, with his recent injury problems meaning he may...

Miners drag commodity-heavy FTSE 100 lower – Markets

Miners drag commodity-heavy FTSE 100 lower – Markets

by MtR
October 4, 2023
0

LONDON: Britain’s commodity-heavy FTSE 100 fell on Tuesday as miners weakened on soft metal prices, while luxury retailer Burberry hit...

Cal-Maine Foods Says Layer Hen Flock Numbers Are Up — Commodity Comment

Cal-Maine Foods Says Layer Hen Flock Numbers Are Up — Commodity Comment

by MtR
October 3, 2023
0

Published: Oct. 3, 2023 at 6:57 p.m. ET By Adam L. Cataldo Cal-Maine Foods, the largest producer and distributor of...

gold, edible oil, and spices expected to shine

gold, edible oil, and spices expected to shine

by MtR
October 3, 2023
0

The festive season has a major influence on the prices of a wide range of commodities, For instance, Indians flock...

Commodity Index Funds Market Size Estimation, Future Scope, Revenue Opportunities and Regional Forecast to 2030 with BlackRock, Invesco, iShares

Commodity Index Funds Market Size Estimation, Future Scope, Revenue Opportunities and Regional Forecast to 2030 with BlackRock, Invesco, iShares

by MtR
October 3, 2023
0

The Commodity Index Funds Market study also attentions on a comprehensive competition landscape, definite growth potentials, market share along with...

Load More
  • Trending
  • Comments
  • Latest
Bank of England tells ministers to intervene on digital currency ‘programming’

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021
Tips for checking smoke alarms during daylight saving time

Tips for checking smoke alarms during daylight saving time

March 12, 2022
GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021
What will Durham County education bonds pay for? A full list

What will Durham County education bonds pay for? A full list

July 8, 2022
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0
World’s biggest bond markets hit by relentless selling

World’s biggest bond markets hit by relentless selling

October 4, 2023
Taylor Swift Economy Is Bad News for Bonds

Taylor Swift Economy Is Bad News for Bonds

October 4, 2023
How birds hover in flight is inspiring the next generation of energy-saving drones

How birds hover in flight is inspiring the next generation of energy-saving drones

October 4, 2023
Are You Funding Your Parents’ Retirement? 5 Ways To Get Prepared

Are You Funding Your Parents’ Retirement? 5 Ways To Get Prepared

October 4, 2023

Recent News

World’s biggest bond markets hit by relentless selling

World’s biggest bond markets hit by relentless selling

October 4, 2023
Taylor Swift Economy Is Bad News for Bonds

Taylor Swift Economy Is Bad News for Bonds

October 4, 2023
How birds hover in flight is inspiring the next generation of energy-saving drones

How birds hover in flight is inspiring the next generation of energy-saving drones

October 4, 2023

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter