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Asia

Small Business Corp raises 2003 lending target to P2bn

The Small Business Corp. (SB Corp.) has surpassed its full-year target of P1.6bn (US$28.9m) in terms of lending and guarantees in only 10 months, officials said. As of end-October, SB Corp. reported a total of P1.7bn (US$30.8m) or P100m (US$1.81m)...

Karur Vysya to market ECGC risk products

The Export Credit Guarantee Corporation (ECGC) has signed a Memorandum of Understanding (MoU) with Tamil Nadu-based Karur Vysya Bank Ltd,…


SBI cuts rates for priority sector lending

The State Bank of India (SBI) has made credit to borrowers in the small-scale industries (SSI) and agriculture sectors cheaper…


China agrees to set US$ 500 million credit line...

China will provide a credit line of US$ 500 million to Pakistan on a soft-term basis, which would be utilised…


Gimhae promotes exports of mid-sized companies in Eastern Europe

A delegation promoting exports from medium-size businesses in Gimhae, South Gyeongsang Province, have signed provisional contracts worth US$19m with importers…

#exports


First SMEs logistics base to open next year

Starting in January next year, Korea's first logistics base for small- and medium-sized enterprises (SMEs) is to go into operation…


Small companies start to stir

A missing piece of Japan's recent economic recovery is beginning to fall into place. Large goods-producing exporters had been the…


SME loans soar in October

Outstanding corporate loans rose 2.6 trillion won in October, up from the 700 billion won rise in September, owing to…


Veena Mankar to step down as head of Global...

It was announced today that one of the leading figures in global factoring, Veena Mankar, will step down as managing…


Loans to small firms hits W36,000bn

The amount of loans extended by local banks to small and medium-sized firms (SMEs) grew significantly during the first 10…


USAID to guarantee loans given to Vietnam’s SMEs

The US Agency for International Development (USAID) has agreed to support loans to small- and medium-sized enterprises (SMEs) in Vietnam,…


Banks not prepared to take risks to lend to...

The Reserve Bank of India’s (RBI) 7 per cent GDP growth is not achievable if banks are not prepared to…

Reserve Bank of India ‘plays safe’ and leaves interest...

India's central bank, the Reserve Bank of India (RBI), has left interest rates unchanged at 6%, but raised its forecast…

#bank#banks#Boost

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