SMBCE

AcronymDefinition
SMBCESumitomo Mitsui Banking Corporation Europe Limited
References in periodicals archive ?
The RPA facility is expected to run over three years, as a 50/50 risk sharing arrangement where SMBCE will match AfDB's undertaking in each transaction, and will create a maximum trade finance portfolio of up to $200 million at any one time.
SMBCE is a major player in the global trade finance market with significant presence in many emerging markets and is well positioned to support South-South trade involving Africa.
AfDB s additionality lies in the use of its AAA credit rating to give greater comfort to SMBCE to take more risk on local banks in Africa and provide them increased trade finance facilities.
The MOU was signed on behalf of ICIEC by Hani Salem Sonbol, acting CEO of ICIEC, whereas Masahiko Oshima, CEO of SMBC Europe signed on behalf of SMBCE.
Mark Gordon, Head of Specialised Finance and New Products at SMBCE commented, "We consider this transaction essential to the continued development of our PFI business in the UK and Europe.
Masahiko Oshima, the Chief Executive Officer of SMBC Europe signed on behalf of SMBCE.
ICIEC is a member of the Islamic Development Bank Group and SMBCE is a subsidiary of the Sumitomo Mitsui Banking Corporation (SMBC) of Japan.