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Asia

Standard Chartered launches international receivables finance and signs credit...

China Export & Credit Insurance Corp (Sinosure) has signed a landmark deal with Standard Chartered Bank (SCB) to jointly offer Chinese exporters credit insurance coverage and trade financing services. SCB also launched its account receivables finance services to local companies....

#bank#exporters#international

International Factors (Singapore) appoints new chief

International Factors (Singapore) (IFS)- now controlled by Lim Hua Min's Phillip Securities - has a new chief. In a statement…

#international#WHO


UNISAME champions factoring

The Union of Small & Medium Enterprises (UNISAME) has drawn the attention of bankers to the fact that most SMEs’…

#bank#banks#cash-flow


SBP to educate banks on SME lending based on...

The State Bank of Pakistan (SBP) will pursue and educate commercial banks to extend loans to small- and medium-sized enterprises…

#bank#cash-flow#SME lending


Credit Guarantee Corp’s bad debt provision up 150%

Start-up businesses were badly hit by the tough economic environment last year, as evidenced from the sharp increase seen in…


Atradius renews commitment to credit insurance in India

Atradius, a global leader in credit insurance and credit management, and The New India Assurance signed a new reinsurance treaty,…


DBP sets up e-market for SMEs’ receivables

The state-controlled Development Bank of the Philippines (DBP) will launch a new marketplace this month for receivables of small- and…

#bank#banks#IBM


'Gold Card' facility for exporters in Karnataka

Exporters in Karnataka with good track records can now expect minimum inspections and speedy clearances by the government for their…


South Korean SME income expected to double this year

A new equity fund has been set up to tap into growing investor interest in small- and medium-sized South Korean…


Foreign factoring, financial leasing and venture capital firms’ equity...

Signalling a long-term stability in its foreign investment policy, India has offered to bind itself to allowing 100 per cent…

#banks#financial services#reinsurance


Banks braced for impact of bad SME loans

Local banks are bracing for more trouble - namely defaults by small-and medium-sized companies (SMEs) - after getting burned by…

#bank#bankruptcy#banks


SIDBI to set up Growth Fund for SME sector

The Small Industries Development Bank of India (SIDBI) has decided to set up a ‘Growth Fund’ to provide risk capital/…

#bank#financial institution#risk

Price may cause Government to drop currency swap deal...

The government said it may dump the proposed currency swap deal with the Asian Development Bank if the multilateral agency…

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