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Sidbi ties up with 12 banks to raise credit...

The Small Industries Development Bank of India (Sidbi) has tied up with 12 commercial banks to set up small enterprises financial corporations (SEFCs). The SEFCs have been set up to enhance credit flow to SME clusters (more…)

ING closes Handlowy-Heller acquisition

Dutch financial services group ING Groep NV said on Thursday that it had completed its acquisition of Handlowy-Heller (more…)

#bank#commercial finance#financial services


Besleasing e Factoring report 2005 net income up 11%

Banco Espirito Santo (BES) yesterday announced its 2005 results, which show net income (IFRS) reached €280.5 million in 2005, despite…

#international#leasing#smes


Bancolombia buys local factoring company

According to a filing to the local stock exchange, Colombia's largest bank Bancolombia has bought a 98.57% stake in the…

#bank#leasing#Two


Cash flow report points to improving conditions for UK...

The latest Euler Hermes UK Cash Flow and Profit Report suggested that financial conditions at companies across the UK private…


Factoring for cross-border clients: Eurofactor and European Pass

No one will deny that the demand for factoring to help finance businesses has been growing rapidly for several years. …


Output grows for sixth month in row – CIPS/RBS

Manufacturing activity grew for the sixth month in a row in January as domestic demand picked up the slack following…


Citigroup chief sheds light on GMAC bid

Charles Prince, chief executive of Citigroup, yesterday shed some light on the bank's involvement in the auction for General Motors…


Demand for credit insurance up as political risk in...

Political risk in Russia is rising, causing Israeli exporters to increase demand for credit insurance, says Clal Credit Insurance (more…)

#exporters#exports#insolvency


Texas oil drill bit manufacturer taps into a US$1m...

The company can now be fluid in capital as it prepares to double sales in the next 90 days (more…)

#1st Commercial Credit#cash-flow#Commercial Credit


State backs Banca Comerciala Romana takeover

The Prime Minister met the general manager of Austrian Erste Bank to discuss the final stages of Banca Comerciala Romana…


Charterhouse's factoring arm posts '05 loss

The factoring arm of Charterhouse Finance plc has posted a pre-tax loss of £224,736 for the period April 2004 to…

#cash-flow#commercial finance#invoice

SMEs expecting strong sales growth – Business confidence survey

The Chambers Ireland/Irish Examiner SME Business Confidence Survey - Review 2005 and Outlook 2006 published today has found that (more…)

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