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Global

Only 3% of SMEs use invoice finance as main...

New research shows the majority of small- to medium-sized enterprises (SMEs) are still using traditional methods of funding, which may be (more…)

BNDES export loans rise 44% in 2005

Brazilian development Bank BNDES saw export loans rise 44% to reais (more…)


Local banks boost loans to small businesses while big...

Korea's regional banks are expanding loans to small- and medium-sized enterprises (SMEs), but Seoul-based major lenders are (more…)

#bank#insolvency#risk


UNDP and NASMEC unite with a project to support...

SMEs are being given a helping hand through a special 'business incubator' project launched last week by the United Nations…


Fortis (UK) Limited acquires OutRight

Fortis today announced that its UK subsidiary Fortis (UK) Limited has acquired OutRight, a UK Personal Lines insurance.... (more…)


Achef predicts a 30% rise in factoring by end...

The Chilean factoring industry expects to see business volume increase by... (more…)


Erste Bank sets up factoring unit

Erste Bank Hungary Rt has set up two new subsidiaries to better serve its clients. Erste Faktor Rt has Ft…

#bank#smes#Two


Sumitomo Mitsui to purchase Asian accounts receivable

Sumitomo Mitsui Banking Corp plans to set up an online factoring service in November to purchase accounts receivable in Asia, the Nihon…

#bank#online factoring


Sasfin records excellent results

Banking and financial services group Sasfin posted another excellent result, with headline earnings up by (more…)

#ABSA#banks#commercial finance


Bibby Factors’ MD named Manchester Young Director of the...

Veteran and rising talents of the north west business scene gathered at the Institute of Directors' annual awards to (more…)

#awards


Accord announces consolidation of Montreal operations

Accord Financial Corp. has announced that it will be consolidating its Montreal factoring and asset-based lending operations into (more…)

#Accord Financial#Accord Financial Corp#credit protection


Sterling Bancorp appoints tenth director to Board

Sterling Bancorp and its principal banking subsidiary, Sterling National Bank, have announced the appointment of (more…)

#awards#bank#financial services

Geotel to enter small business lending market

Mexican private investment firm Geotel plans to enter the small business lending market through the acquisition of (more…)

#acquisition#bank#financial services

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