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Asia

Head of Confedaration of Industries Calls for an SME...

Robin Lau, head of the Singapore Confederation of Industries (SCI), yesterday urged the government to include in the second off-Budget package expected to be announced on Friday 12 October 2001 the creation of a bank that would specifically cater to...

#bank#SME bank#smes

Canbank Factors Record Steady Growth in spite of Economic...

Canbank Factors, India’s largest factor by market share, have released their annual accounts for the year ended 31 March 2001.…

#assignment#assignment of receivables#financial services


Banks Suspend Trading Credit Services with Middle East Partners

The three largest commercial banks in Taiwan have temporarily suspended negotiations for letters of credit for Taiwanese companies doing business…

#bank#Bank of China#banks


United Factoring of Thailand Seeks Alternative-Market Listing

United Factoring (1993) Co plans to seek a listing on the Market for Alternative Investment by the middle of next…


Big-3 Banks Allowed to Operate Cross-Strait Banking Services Including...

The Ministry of Finance has issued a green light for the 'big-three' commercial banks--First Commercial Bank, Hua Nan Commercial Bank…


Uncertainty Regarding Fate of Demir Factoring

Demir Factoring, the largest of Turkey’s 95 factors with 8.9% market share in 1999, is facing an uncertain future. Whilst…


Global Trade Finance Commences Trading Today

The new Indian factoring and forfaiting company Global Trade Finance, a joint venture between EXIM Bank and West LB, is…

#bank#conference#credit protection


Indian Institute of Bankers to Offer Development Course in...

As part of its attempts to keep pace with the rapidly changing scenario in the financial sector, the Indian Institute…


Sterling National Bank Announces New Hong Kong Subsidiary

Sterling National Bank, the principal banking subsidiary of banking and financial services company, Sterling Bancorp, today announced the launch of…


Exim Factoring Venture to Begin Operations in Ten Days

Global Trade Finance Pvt Ltd, the factoring joint venture company of Exim Bank of India, WestLB (Westdeutsche Landesbank Girozentrale) of…

#bank#emerging markets#exporters


LG Capital to change name to LG Card

LG Capital said yesterday that its name will be changed to LG Card Co. starting Sept. 1. The company said…


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…

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…

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