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Local banks are bracing for more trouble - namely defaults by small-and medium-sized companies (SMEs) - after getting burned by…
BankBoston Brasil will increase its focus on small- and medium-sized enterprises (SMEs) this year by opening 25 new SME-targeted business…
What, exactly, is the European Central Bank (ECB) waiting for before it pulls the trigger? Yesterday's failure by the ECB…
According to Barclays' quarterly Start-ups and Closures report, 465,000 new companies were set up in 2003, the highest level since…
Coface, a Natexis Banques Populaires subsidiary, today announced the acquisition of 100% ownership of the ORT SAS Company and its…
HSBC Invoice Finance (UK) Limited has reported profits before-tax of Ј59.69m for the year ending 31 December 2003, an increase…
Raybor Management, Inc., a rapidly growing holding company, which includes factoring company Freedom Financial, announced financial results for the year…
Receivers for Versailles have recovered only Ј550,000 of the Ј19m fortune siphoned from the collapsed trade finance house by disgraced…
Indirect-tax specialists from Ernst&Young have warned all multinational companies trading in the Accession Countries that, in the area of indirect…
GE Commercial Finance, the business-to-business financial services unit of General Electric, announced yesterday that it has completed the acquisition of…
France's bank for SMEs, Banque du Developpement des Petites et Moyens Entreprises (BDPME), registered an 8.6 per cent rise in…
The Ultimate Finance Group has released its interim results1 for the six months ended 31 December 2003, which show a…
Magyar Takarйkszцvetkezeti Bank Rt (MTB) signed a deal with Kreditanstalt fьr Wiederaufbau (KfW), the German development bank, to take out…
The Small Industries Development Bank of India (SIDBI) has decided to set up a ‘Growth Fund’ to provide risk capital/…
The National Bank of Hungary (MNB) unexpectedly cut its benchmark interest rate a quarter percentage point. The Monetary Council lowered…
Austria's Oberbank will be the first bank to enter the Czech market after the country joins the European Union. The…
The inflow of foreign direct investment (FDI) in Bulgaria for January 2004 totalled US$ 39.5 million (0.2 per cent of…
Strengthened procedures to minimise the risk of bribery and corruption on business deals supported by the Export Credits Guarantee Department…
The government said it may dump the proposed currency swap deal with the Asian Development Bank if the multilateral agency…
The ‘Eternal City’ of Rome was the setting for Europe’s premier meeting of 120 top factoring and asset-based finance industry…
Thousands of small businesses could be entitled to free IT training following the expansion of a government-sponsored skills initiative announced…
Dynamic Commercial Finance plc (DCF) have released preliminary results for the year to 31 December 2003, reporting a first full…
FiberMark Inc, a leading producer of specialty fibre-based materials, announced yesterday that it has filed voluntary petitions to reorganize under…
New credit scoring techniques have paved the way for unsecured lending in the small- and medium-sized business (SME) sector, which…