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Europe

SMEs turn to accountants as financial guiding light

As a SME you are more likely to turn to your accountant for advice if your traditional banking service can't help. Here, we look at the guidance and support they can offer. (more…)

#bank#management#security

Meliorbanca to study merger proposal

Meliorbanca SpA said it had received and will examine a merger proposal from Banca Profilo. (more…)

#bank#banks#investment


Bank of England fears squeeze on companies

Evidence that the credit squeeze will hurt the UK economy has emerged with a BoE survey showing companies were likely…

#bank#Bank of England#financial services


Banca Italease sees break even in 2008

Banca Italease SpA remains a solid bank and will break even in 2008. (more…)


EU drops enquiry into Coface guarantee

The European Commission has dropped an enquiry into a French state loan guarantee that it feared would help Areva win…

#bank#bank loan#European Commission


Bibby tells SMEs to review their funding arrangements

In the wake of the credit crunch Bibby is advising UK SMEs to review their funding arrangements as a matter of urgency.…

#bank#Bank of England#Flexible Funding


Hitelgarancia raises guarantee limit from SMEs

Hitelgarancia has increased its per-contract limit for SME guarantees to HUF 2.5bn. (more…)

#guarantee#guarantees#smes


EBRD extends credit line to Basisbank

The EBRD is providing a US$6m credit line for Basisbank to support its lending to MSME. (more…)

#bank#MSME#risk


Romanian companies face increase in bankruptcies

According to Coface the number of bankruptcies in Romania grew to 7,500 this year. (more…)

#Commercial Credit#insurance#management


Banca Italease aim for net profit EUR70m by 2010

The board of Banca Italease has approved a EUR700m capital hike and a new 2008-2010 business plan. (more…)

#bank#guarantee#management


Start-ups risking personal assets

More than half of entrepreneurs are gambling their own personal savings to set up their business, according to the annual business survey…


EBRD lends Piraeus Bulgaria Ђ35m

EBRD have announced it would lend the Bulgarian arm of Greek banking group Piraeus €35m under four credit lines. (more…)

Fitch rates Export-Import Insurance Co B

Fitch Ratings has assigned state owned Export-Import Insurance Company of the Republic of Belarus a financial strength rating of B,…

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