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With non-banking financial companies (NBFCs) finding it difficult to raise funds, they have been forced to hike up lending rates to SMEs. (more…)
#bank#DBS#interest rates
BOK top policymakers decided to cut lending to local SMEs by won1.5 tn (US$1.6bn) from the third quarter 2007. (more…)
ECGC has decided to reduce premiums by 10% from August. Although the rate of reduction would vary from country to…
#credit risk#exporters#guarantee
Factoring company Global Trade Finance (GTF) on Tuesday signed a Memorandum of Understanding (MoU) with SME Rating Agency of India…
Korea will form a won 1tn (US$1.1bn) fund to assist the country s small- and medium-sized businesses. (more…)
Belgo-Dutch bancassurance group Fortis NV announced it has signed a comprehensive business cooperation agreement to create an insurance JV with…
Exim Bank and IFC, Washington, are negotiating with a large foreign bank to sell off their stakes in Global Trade…
#bank#global trade#international
Eight co-operative banks in India have defaulted on deposit repayments during April - May 2007, forcing depositors to invoke insurance…
India's SMEs are no longer depending on banks for funding. Now, leading investment houses and private equity, or PE funds…
Fortis has announced that it has acquired 98.59% of shares and options of Pacific Century Insurance Holdings Limited (PCIHL), based in…
SME financing institution Small Industries Development Bank of India (SIDBI) has floated a private equity (PE) fund with an initial…
International markets provided a US$60m loan for Yapi Kredi Faktoring which will be used toward domestic factoring transactions. (more…)
#international
Standard Chartered Bank will soon extend credits for the development of SMEs and help to familarize the public with the…
#bank#smes#Standard Chartered Bank