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The European Bank for Reconstruction and Development (EBRD) is providing up to €6m to Banka për Biznes in Kosovo for on-lending to micro, small and medium-sized enterprises (MSMEs).
13/11/2023
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Over eight in ten SME finance experts (83 per cent) believe that high street banks are reducing their appetite to fund the UK’s 5.5m small and medium-sized businesses, according to iwoca’s latest Q3 2023 SME Expert Index.
13/11/2023
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Afreximbank’s Executive Vice President in charge of Intra-African Trade Bank, Mrs. Kanayo Awani, has been elected to the Executive Committee (EXCOM) of FCI, the global representative body for the factoring, invoice financing and asset-based lending industry. Mrs. Awani was unanimously elected at FCI’s 55th Annual Meeting in Marrakech, Morocco on 2nd of November 2023 to represent FCI’s Affiliate Members.
13/11/2023
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This week, Allianz Trade analysed three important issues:
10/11/2023
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According to a press release, South Korean government plans to inject 78 trillion won (US$59.7bn) in trade finance by the end of this year. The investment as a fund, aims to support the export development of the country. State-run institutions, including the Korea Trade Insurance Corp.
10/11/2023
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In 2023, 97 per cent of French companies have offered payment terms to their customers, with an average timeframe of 48 days.
10/11/2023
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Amidst rumours that the Government’s upcoming Autumn Statement will feature moderate measures to help SMEs,
10/11/2023
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Factoring is a relatively new product for the Georgian market said Tamara Khizanishvili, Head of Trade Finan
10/11/2023
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Ongoing Middle East tensions heighten concerns about oil price volatility affecting global trade and various sectors.
09/11/2023
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Afreximbank appoints Mr Haytham El Maayergi as its Executive Vice President of Global Trade Bank (EVP GTBA).
09/11/2023
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The ICC Digital Standards Initiative (DSI) has unveiled its expanded digital standards recommendations under DSI’s Key Trade Documents and Data Elements (KTDDE) practice today. The launch marks a major step forward in DSI’s mission to bridge the gap between standards and adoption within industry.
09/11/2023
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Time Finance has named Paul Hird (pictured) as Non-Executive Director. Paul, who currently holds a number of non-executive and board-level positions, has been appointed to the Time Finance board to support the delivery of its long-term growth strategy.
09/11/2023
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Hampton Financial Corporation (Hampton) announced that it has entered into a non-binding letter of intent, dated as of October 31, 2023, to acquire Oxygen Working Capital Corp.(OCC), representing its first foray into the commercial lending sector. OCC is a specialised lender focused on the commercial factoring business with clients across Canada and prospects for continued growth. The transaction will be subject to various regulatory approvals and certain commercial conditions including remaining due diligence and the approval of Hampton’s Board.
08/11/2023
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A key index monitoring millions of invoices from over a thousand large businesses across Europe and North America, shows the year-on-year value of sales fell in three of four bellwether sectors in Q3 this year.The key findings are:
08/11/2023
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Tradeteq, a leading private debt and trade finance marketplace connecting asset sellers with institutional investors, has appointed Doris Yeung to the position of Chief Financial Officer. The appointment comes at a time of significant growth for the company, following its recent Series A plus funding round of £12.5m.
08/11/2023
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