The bank for a changing world

19 to 26 january 2001

The February 2001 issue of Trade Finance gave BNP Paribas its "Deal of the Year" award for a EUR 115 million multisource export credit to finance exports by Philips Digital Networks (Philips group) to Turkey.

The exposure is guarantied by export insurers in Belgium, the Netherlands, Germany, and Hungary, depending on the origin of the equipment. The buyer is Digital Platform, a new pay TV network launched by the Turkish group Cukurova.

This transaction was arranged by the Benelux and Frankfurt export desks, BNP-Dresdner Budapest, and BNP Paribas Istanbul, and the Paris export coordination office.

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