GBI closes self-arranged USD 250 million syndicated borrowing facility 11/07/2017
GBI signed its annual syndicated borrowing facility on 19 June 2017 amounting to USD 250 million, which was fully drawn on 26 June 2017, with a maturity of one year. The proceeds will be used for the bank’s global trade finance activities. The Facility was self-arranged by GBI for the first time.
In consideration of the other euro-denominated funding sources from its retail clientele as [..]
GBI sponsors ITFA NERC Event in Amsterdam 11/07/2017
International Trade and Forfaiting Association North European Regional Committee (ITFA NERC) Event was held on Thursday 11 May 2017 at Artis Amsterdam Royal Zoo with more than 110 participants from a total of 12 countries and 62 institutions in collaboration with GarantiBank International N.V., Credit Europe Bank N.V. and the Board of ITFA.
This annual event brought together the global and [..]
GBI goes live with Five Degrees’ Matrix 11/07/2017
GarantiBank International NV (GBI) has gone live with Five Degrees’ Matrix to improve customer experience and reduce operational costs. This is for its retail banking business, mainly centred on savings and deposits. The bank, part of the Spanish BBVA Group, is now considering adopting the solution for its German operations.
“It fits well within the digital transformation programme of [..]
New General Banking Conditions 13/06/2017
The revised General Banking Conditions published by Dutch Banking Association has come into force as of 1 March 2017. Accordingly, our General Banking Terms and Conditions have been updated.
Moody's updates its credit opinion on GBI 13/06/2017
On 1 December 2016, Moody's updated its credit opinion on GBI following their recent rating action confirming GBI's long-term deposit rating as A3.
Moody's Credit Opinion (1-Dec-2016)
Moody's confirms GBI's long-term deposit rating of A3 13/06/2017
On 11 October 2016, Moody's Investors Service confirmed the long-term deposit ratings of GarantiBank International N.V. (GBI) at A3 with a negative outlook. Moody's has also confirmed the bank's baseline credit assessment (BCA) and adjusted BCA of baa2. Concurrently, Moody's affirmed the bank's short-term deposit ratings at Prime-2. The long-term and short-term Counterparty Risk (CR) [..]
GBI has been the official sponsor of ITFA NERC Annual Spring Event in Amsterdam 28/09/2016
International Trade and Forfaiting Association North European Regional Committee (ITFA NERC) Event was held on 12 May 2016 in Amsterdam with more than 110 participants from a total of 10 countries. This annual event brought together the global and regional financial institutions, insurance firms and the intermediaries engaged in international trade and forfaiting. Being one of the first [..]
GBI raised €250 million syndicated loan. The agreement was signed on 20 June 2016. 28/09/2016
GarantiBank International N.V. closes EUR 250 million syndicated borrowing facility
While celebrating its 25th anniversary in the Netherlands, Amsterdam-based GarantiBank International N.V. (“GBI”, “Bank”) has closed its annual dual-currency 364 daysyndicated borrowing facility (“Facility”) amounting to EUR 136 million and USD 127.5 million. The Facility, which was initially 35% [..]
Moody's updates its credit opinion on GBI 28/09/2016
On 19 August 2016, Moody's updated its credit opinion on GBI following their recent rating action placing GBI's ratings under review for downgrade.
Moody's Credit Opinion (19-Aug-2016)