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Eastern Europe

National Bank of Slovakia report on Q1 lending rates

The average interest rate on bank loans drawn in Slovakia decreased by 0.04 percentage points to 7.51 per cent from March to April. Average interest rates on business loans fell moderately by 0.17 percentage points to 7.07 per cent, according...

#bank#interest#interest rate

Exim Bank supports exports worth Skk 54.6 bn in...

The Export and Import Bank of the Slovak Republic (Exim Bank) reported a net profit of Skk95.7m in 2003. It…


EBRD publishes its strategy for Poland

The European Bank for Reconstruction and Development (EBRD) economic report gives Poland high marks, but warns there is still much…

#bank#economy#investment


Upturn in foreign direct investment

Foreign direct investment (FDI) in central and eastern Europe should top Ђ20bn in 2004 and 2005, according to Bank Austria…


Acquisition of factor announced

The CIB group has bought the factoring firm Aginvest-Faktor Rt, Hungary’s second largest factor. CIB Group’s commercial finance units, CIB…

#acquisition#bank#commercial finance


Overall leasing portfolio tops LTL 3bn

The aggregate portfolio of the members of the Lithuanian Leasing Association stood at LTL 3.028 billion in April. Since the…

#leasing


FDI growth in Ukraine slows in Q1

Growth in foreign direct investment (FDI) in the Ukrainian economy in the first quarter 2004 amounted to $216.3 million, which…


British and Austrian banks and insurers to open affiliates...

Seven banks and insurance companies have expressed interest in opening an affiliate company in Latvia. The companies comprise three from…

#bank#banks#insurance


New factor enters market

HVB Factoring Ltd., a daughter company of HVB Bank Slovakia, will launch its business activities in the Slovak Republic in…

#bank#banks#interest


Sampo Bank to offer free consultation on EU structural...

Sampo Bank in Lithuania will provide free consultation to private and public companies seeking assistance from EU structural funds. The…


SME Act sets turnover limits below EC guidelines

Bulgaria has defined small enterprises as companies with annual turnover of up to BGN 5m (Ђ2.5m). Companies with annual turnover…


Polish leasing firm EFL reports record increase in leased...

Poland's leading leasing company Europejski Fundusz Leasingowy (EFL), the local unit of French banking giant Credit Agricole, had a stellar…

New credit line opens finance options for SMEs

Slovakia’s small- and medium-sized enterprises (SMEs) could be on the receiving end of Ђ10m in new credit because of a…

#bank#cash-flow#interest rate

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