Tuesday 9 June 2015

NEW ITFA MEMBERS

The ITFA Board is pleased to announce the following three new members to its fast growing family.

PTA Bank is a treaty-based multilateral trade and development bank headquartered in Burundi and with regional hubs in Kenya, Mauritius and Zimbabwe. The Bank’s membership is open to countries and institutions from across the COMESA-EAC-SADC Tripartite region, as well as to countries and institutions from outside the region. The mission of PTA Bank is to be at the forefront of providing development capital and services to advance regional growth and integration, through customer focused and innovative financing solutions. Its strategic development plan leading to 2017 includes initiatives to deepen and broaden current areas of engagement in trade and project finance in existing and new member states, and to extend its activities to markets with low availability of capital and poor access to capital markets.

Premchand Mungar will be the main contact in relation to ITFA.

FBN Bank (UK) Limited (FBN UK) is a wholly owned subsidiary of First Bank of Nigeria Limited, hence the vision of the parent bank is reflected in its vision as the first choice UK and European bank for Africa. Its mission is to provide world-class international banking and trade services in support of commercial relations between Africa and the European Union. To derive the vision and mission of the Bank, FBN UK is positioned through its existing business structure to take full advantage of opportunities in the changing operating environment.

Phillip Wakefield will be the main contact in relation to ITFA.

Texel Finance Limited is a Lloyd’s registered and FCA regulated specialised credit and political risk broker, with a deep knowledge base of commodities and structured trade finance. Texel Finance’s parent company also owns Texel Asia Pte Limited, a Singapore-based broker, as well as Texel Capital Limited, which originates, structures and distributes structured trade finance transactions.

Katie Rhodes will be the main contact in relation to ITFA.

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