KfW uses Eurofin to target Greek owners

Monday, June 02, 2008

Major global financier KfW IPEX-Bank is increasing its focus on the
Greek shipping market and has appointed independent financial adviser
Eurofin to act as its consultant. Eurofin will assist KfW IPEX-Bank
through its Athens based office in developing a high quality Greek
shipping loan portfolio by providing the bank with ongoing market
intelligence on the Greek shipping market, introducing Greek owners to
the bank, providing regular updates on the activities of potential Greek
clients and identifying ship financing opportunities for the bank. 

Dr. Uwe-Carsten Wiebers, head of shipping for KfW IPEX-Bank, says,
"Currently we are the fifth largest shipping bank in the world, with a
portfolio of around Euro14.5 bn, and have already some excellent Greek
clients. We are ready to extend our portfolio in the Greek market and we
hope that Eurofin will play a key role as our adviser in helping us to
understand the market in detail and ensure our funds are put to good use
and in safe hands."

Anthony Zolotas, CEO of Eurofin, says, "There are some very good and
sound opportunities for banks in the Greek shipping market, which is
stronger than it has ever been. But especially after a long shipping
boom, and with the world finance system in the grip of a credit crunch,
good banks such as KfW IPEX-Bank have to be selective. We can use our
long experience and deep knowledge of the Greek shipowners worldwide to
help them build a significant position in the world's largest shipping
market, with substantial clients and solid projects."


KfW IPEX-Bank brings together all financial service activities in which
KfW Bankengruppe competes with other banks - corporate finance, loans
for infrastructure projects, export credit, project and structured
finance, and short-term trade finance. With a loan portfolio of Euro
62.1 billion, it is a large credit institution operating on a worldwide
scale.  It's creditworthiness is excellent, having an AA- rating from
Standard & Poor's and Aa3 from Moody's, which stems chiefly from a solid
market position in international project and export finance that was
built up successfully on a global scale over fifty years as well as from
its strong equity base and close ties to KfW Bankengruppe, which ensure
refinancing at market rates at all times.

Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Canal Project Slows Panama Economy Growth

Panama's economy expanded in May at its slowest pace since 2009 as major public works projects, including an expansion of the Panama Canal, slowed or wrapped up,

Gas Prices Help Offset Statoil's Output Drop

Statoil's second quarter 2014 net operating income was NOK 32 billion, a decrease of NOK 2.3 billion compared to the second quarter of 2013. Adjusted earnings were NOK 32.

Asia VLCC Rates Could Nudge Higher on Activity

Rates for very large crude carriers (VLCCs) on key Asian freight routes could hold steady or gain next week as charterers seek to complete their vessel chartering

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Navigation Pipelines Port Authority Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1173 sec (9 req/sec)