|
The energy crisis, which was exacerbated after Russia’s invasion of Ukraine in early 2022, has resulted in a sharp rise of inflation, which has led to the drastic increase in interest rates by the Central Bank, said Harris Saridis, Director of Business Development & Relationship Management, ETHNIKI FACTORS SINGLE MEMBER S.A., Greece in his article included in the most recent edition of the
29/12/2023
|
|
The European Bank for Reconstruction and Development (EBRD) is providing a €7m loan to UniCredit Bank d.d. Mostar in Bosnia and Herzegovina. Funds will be lent through the EBRD’s small and medium-sized enterprise (SME) Go Green programme that is supported by the European Union (EU).
28/12/2023
|
|
Salem Media Group, Inc. announced that it has closed a new US$26m 3-year asset-based revolving credit facility with Siena Lending Group, which refinanced its prior revolving facility with Wells Fargo Bank.Obligations under the new revolving facility are secured by a first-priority lien on the company’s and its subsidiaries’ accounts receivable, inventory, deposit and securities accounts, certain real estate and related assets, and a second-priority lien on substantially all other assets of the company and its subsidiaries.ABOUT SALEM MEDIA GROUP:
28/12/2023
|
|
The Slovak economy, like the economies of many other European countries, is being strongly affected by the conflict in Ukraine said Juraj Hrnek, Head of Factoring and Trade Finance Department, Tatra banka, a.s.Slovakia in his article included in teh most recent edition of the
27/12/2023
|
|
IFC, European Union (EU) and Credit Agricole Ukraine has announce a new €40m equivalent risk-sharing facility to boost access to finance for Ukraine's small and medium enterprises (SMEs), crucial for the country's economic resilience. The risk-sharing facility, for which IFC will contribute a local currency equivalent of €20m with EU support, will provide critical financial support to smaller businesses, including agricultural and rural SMEs. The bank currently serves over 400,000 clients across Ukraine.
22/12/2023
|
|
Information Services Group (ISG), a leading global technology research and advisory firm, has launched a research study examining providers of finance and accounting (F&A) platforms that help organisations grapple with an increasingly complex financial environment.
22/12/2023
|
|
Following a notable recovery in 2021, the Hong Kong economy contracted 3.5 per cent in 2022, said Samantha Hiu Kwan Wong,
22/12/2023
|
|
Embedded finance can be hugely convenient for customers - but only if they understand what they’re getting into, writes Richard Carter, CEO of Lenvi.
21/12/2023
|
|
1st Commercial Credit, LLC has announced the achievement of a significant milestone, surpassing US$20m in purchase order (PO) funding transactions. This accomplishment underscores the company's dedication to providing adaptable financial solutions to support its clients.
21/12/2023
|
|
RBL Bank today launched electronic bank guarantee (e-BG), signalling a significant step forward in trade finance digital transformation. The e-BG product builds on the framework enabled by NeSL, incorporating their expertise in e-Stamping and e-Sign. This integration eliminates the traditional physical signing and stamping processes, seamlessly transitioning into a secure and efficient digital format.
21/12/2023
|
|
The Board of Directors of the African Development Bank Group (ADB) has approved a trade finance transaction guarantee facility to Bank of Africa Tanzania Limited (BOAT) to support Tanzania’s financial sector.
21/12/2023
|
|
StoneCo Ltd. announced that it has obtained a commitment of US$467.5m in the form of a revolving securitisation facility from the United States International Development Finance Corporation (DFC), an agency of the United States government.
20/12/2023
|
|
The Board of Directors of the African Development Bank Group has approved a US$25m trade finance line of credit facility to the Central Africa Building Society of Zimbabwe, to be used to boost local firms and small and medium-sized enterprises.
20/12/2023
|
|
Amidst ongoing high interest rates and geopolitical flux, Demica, a leading fintech supporting the trade finance programmes of the world’s major banks and corporations,
20/12/2023
|
|
Triterras, Inc., a fintech company focused on digital trade and supply chain finance has announced a strategic alliance with Oman-based Mamun, an embedded fintech infrastructure as a service and finance provider. The collaboration aims to bolster the trade finance and short-term lending landscape in the Sultanate of Oman.
20/12/2023
|