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Eastern Europe

Average interest rate of bank loans falls

The average interest rate of bank loans drawn down in June fell by 0.23 per centage points, compared to May, to 8.54 per cent. The average interest rate of drawn loans by the corporate sector fell by 0.30 percentage points...

#bank#interest#interest rate

OB Heller Factoring announces first half 2004 results

Turnover of OB Heller Factoring, a.s. Bratislava reached Sk2.2bn in the first half of 2004. The company predicts that turnover…

#receivables


Factoring market grows 73% since January

Ukraine's nascent factoring market is dominated by just two banks and lack of awareness of the profitability of the business…

#bank#banks#GDP


Another plan to help SMEs

Krajowy Fundusz Kapitalowy (KFK), the country's capital fund should help small- and medium-sized enterprises (SMEs) to obtain funds for investments.…

#financial services#poland#smes


CzechInvest attracts 60 new projects in first half

Czech Invest, the government agency founded to support direct investment in the Czech Republic, attracted 60 new projects worth a…

#investment#investments


SME bank reports spectacular profit increase, plans to expand

The Nord/LB Polska bank, which serves small- and medium-sized companies (SMEs), made a profit of almost zl.5 million (Ђ1.125m) during…

#bank#Boost#Nord/LB


Growth of SME segment expected

Small- and medium-sized enterprises (SME) in Hungary are on course for serious competition in the free market. One of the…


Atradius branch to offer credit insurance services

The world's second-largest credit insurer, Atradius Credit Insurance of the Netherlands, will soon begin selling insurance in Poland through a…

#Atradius#bank#Deutsche Bank


MFB supports SMEs development

The national development bank (MFB) has shed its loss-making centralised past and has become a strong financial institution solely concentrating…


New regulations on factoring activities by commercial banks

The National Bank of Ukraine (NBU) has reportedly formulated regulations on factoring activities by commercial banks. According to Andrey Kiyak,…


Key interest rate changes

Romania’s central bank (BNR) cut its key interest rate by 75 basis points yesterday, moving ahead with a gradual monetary…

#bank#banks#inflation


FDI increases in Q1

Latvia's capital and financial account had a surplus of LVL 166.5 million in Q1. The inflow of financial resources was…

NORD/LB to release EUR10m in SME lending

Bank NORD/LB Latvia and European Investment Bank (EIB) have signed an agreement on credit facility of Ђ10m. The funds will…

#bank#Nord/LB#SME lending

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