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Asia

Half-Year Turnover Figures Show Impact of Financial Crises

Turkey’s Factoring Turnover (US$m) 30/06/2000 30/06/2001 Export  360,086 397,382 Import  16,770 10,120 International 376,856 407,502 Domestic 1,925,234 1,191,847 Total  2,302,090 1,599,349  For further analysis of the Turkish factoring Industry in the wake of the crises of November 2000 and February 2001, please click through to the following article: 30 August 2001: The Factoring Sector...

Siam General Factoring Records Impressive Growth in Profit in...

Siam General Factoring, the third largest player in the Thai market behind Thai Farmers Heller and Ayudhaya International Factors, has…


Industry Ministry Lobbies to Establish New SME Bank

The Industry Ministry wants laws establishing a new SME bank to explicitly protect lending officers from legal liability if assets…

#bank#banks#risks


New Rules for Mutual Trust Funds Could Have Implications...

The Ministry of Finance announced on 1 August a set of draft rules governing the management of mutual trust funds,…

#bank#bonds#guarantee


Taiwan's Bank Sinopac launches MMAb2b.com to Provide Factoring Service...

Taiwan-based Bank Sinopac launched a website--MMAb2b.com to provide factoring service for enterprises in August 2000. Bank Sinopac has recorded a…


Maybank Develops All-In-One Finance Package

MAYBANK Group has come up with an all-in-one financing package for industrialists requiring financing from scratch for their businesses. The…


Taiwan's Banks to Provide T$1.5bn in Lines of Credit...

Taiwan's Small and medium Business Credit Guarantee Fund (SMBCGF) reported yesterday that a number of banks are to start providing…

#bank#banks#guarantee


WestLB and Exim Team up to Provide Customised Factoring...

Westdeutsche Landesbank Girozentrale (WestLB), Germany and Export-Import Bank of India (Exim Bank) have joined forces to form a joint venture…

#bank#exporters#international


Sanwa, Tokai and Toyo Trust to Merge

Sanwa Bank (parent of the Japanese factoring company, Sanwa Business credit Co Ltd), Tokai Bank (parent company of the Central…


LDP to Aid Small Companies

Japan's ruling Liberal Democratic party is preparing measures to help small and medium-sized businesses weather the increasingly difficult economic environment,…


Rumours Continue to Surround the Future of Demirbank

The rumour-mill regarding the future of Demir bank, the owner of one of the Turkish factoring industry’s major players, is…


Aktif Finans Factoring Assigned ‘BB Minus’ Foreign Currency Rating

The international rating agency, Fitch, has assigned a senior unsecured foreign currency rating of ‘BB-’ (BB minus) to Aktif Finans…

Canbank to Introduce Export Factoring Service Today

India’s largest player by market share, Canbank Factors, will be launching their new export factoring service today in Bangalore. Domestic…

#bank#BCR Publishing#international

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