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RBI raises interest ceiling on foreign currency export credit

The Reserve Bank of India (RBI) has increased the ceiling rate on export credit in foreign currency by 150 basis points, to LIBOR plus 350 basis points from the present ceiling rate of LIBOR plus 200 basis points, with immediate...

#bank#interest rates#international

Former Lloyds director joins Positive company

Commercial finance specialist David Totney has joined independent invoice financier Positive Cashflow Finance (Positive) to spearhead the launch of the…


Bibby: SME awareness of alternative finance remains low

Just four per cent of SMEs accessed Government-backed funding initiatives during the third quarter of 2011, according to research by…

#exports#financial services#invoice


Government approves amendment to Export-Import Bank Act

The Indian government has approved amendments to the Export-Import Bank Act to improve its ability to increase credit to exporters…

#bank#exporters#international


Russia's first ever ECA unveiled

Russia has launched Exiar, its first export credit agency (ECA), to increase Russian exports to new markets, GTR reports. (more…)


IFG elects new board members

The International Factors Group (IFG) held their 49th Annual General Meeting last week at the Mandarin Oriental Hotel in Miami,…

#bank#international#Raiffeisen


PrimeRevenue appoints Eugene Buckley as VP

PrimeRevenue, Inc., a SaaS platform for global supply chain finance (SCF), has appointed Eugene Buckley as vice president and general…


Brasil Factors officially opens for business

Officials from IFC - a member of the World Bank Group - FIMBank plc - the Malta-based trade finance bank…


First Capital agrees $6.5m factoring deal with Euro Style...

Florida-based commercial finance specialists, First Capital, has provided a US$6.5 million asset-based credit facility to Euro Style International, Inc., a…

#commercial finance#i#international


Banks fall Ј900m short of SME lending target

Major banks missed the third quarter target for lending to small businesses set by the Bank of England under Project…


Experian: UK SMEs expecting 2012 growth

Seventy per cent of UK SMEs are expecting sales growth in 2012, according to a recent poll by Experian. (more…)


AEF release Q3 2011 results

The Spanish factoring association, AEF, has released figures for the first nine months of 2011. During the first nine months…

#AEF#confirming#international

Kingfisher seeks financial aid as debts mount

Struggling Indian airline Kingfisher has fallen into deeper financial crisis as it cancelled more flights this week and saw shares…

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