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SIDBI to complete rating of 720 SMEs

The Small Industries Development Bank of India will complete the rating of 720 SME's before the end of 2007. (more…)

HSBC retains best factoring award

HSBC Group has retained its title of Best Factor 2007, one of the prestigious Trade Finance Awards for Excellence 2007.…


Late payment law ignored by UK businesses

The vast majority of UK business are not taking advantage of legislation specifically designed to help protect them against slow…


EBRD strengthens Bank of Baku’s SME financing

MSEs in Azerbaijan will benefit from a US$3m loan to Bank of Baku for on-lending to local businesses, assisted by…

#bank#international#International Trade


Euler Hermes H1 net up 36 per cent

Euler Hermes announced a H1 net profit of EUR231.2m, up from EUR170.3m a year earlier and it forecast a 'significant increase' in…

#3M#acquisition#emerging markets


SMEs to get EUR100m from Jeremie programme

The European Investment Fund will finance an account and an office in Romania to manage the EUR100m of the Jeremie…

#economy#financial institutions#guarantee


Invoice finance fraud rising

More than 40 per cent of the sales ledgers, an invoice finance and factoring specialist undertook to examine on behalf…


Fitch affirms rating of Coface group

Fitch Ratings has affirmed the major insurance entities of the Coface group at Insurer Financial Strength  'AA+' and the Issuer Default Rating…


Bank Austria Creditanstalt takes over FactorBank

Bank Austria Creditanstalt purchases 100 per cent of the shares in FactorBank by purchasing shares from Raiffeisen Zentralbank and Oberbank.  (more…)


World Bank funds for Kenyan SMEs remain unutilised

Seventy per cent of the Sh1.25bn World Bank loans extended to Kenya for the development of the MSME's remains unutilised. (more…)

#bank#management#smes


Bank of Italy orders directors of Banca Italease to...

Italy's central bank has ordered Banca Italease to elect a new board and raise capital after spendng EUR610m to unwind derivatives…


Abbey partners OB10 in innovative corporate supply chain finance...

Abbey leverages Santander's technology and experience in reverse factoring to enable suppliers to be paid quickly at a lower financial cost than…

#invoice#smes#supplier payments

Experian research shows payment delays up by 2 days

New research has found that businesses take longer to pay their bills than at any time since Late Payment legislation was…

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