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Competitiveness Innovation Programme pledges Ј4.21 billion funding for SME’s

EU research and Industry Ministers have welcomed The European Commission’s proposal for a new ‘Competitiveness and Innovation Programme’, at a meeting in Brussels on May 10.  It was unanimously agreed that the £4.23 billion fund, promised for small and medium...

#European Commission#funding#innovation

The joint stock Asia Commercial Bank (ACB) launches factoring...

On May 11 ACB launched its factoring and 'Call Center 24/7' services. ACB is one of the leading joint stock…


UK SME’s burdened with rise in employer liability costs

New regulations could drastically increase the premiums of employer liability insurance, warn Bibby Financial Services. The Health and Social Care Act,…


EquiFin Receives Return of Factoring Company

Equifin have received the return of the stock of Equinox Factors, Inc from Coast Capital Partners as provided under the…


Banco Italease purchases Factorit

Banca Italease Spa has purchased Factorit Spa on 6th May 2005 for €313,411,831.  Banca Italease Spa, established in 1668 is…


South West SME’s given financial boost

Small- and medium-size businesses in Plymouth have been given a financial boost through the European Social Fund.  The £2.4 million…


Close Invoice Finance reports pre-tax profit up 10.6% in...

Close Invoice Finance Ltd, part of the Close Brothers Merchant Banking Group, has reported pre-tax profit of £7.22 million for…

#bank#invoice#WHO


Bancoldex to boost micro and SME lending by 16%

Colombia's state-owned export development bank Banco de Comercio Exterior de Colombia (Bancóldex) aims to boost lending to small- and medium-sized…


Central Bank interest rate decision announced

Following its evaluation of the latest economic developments, the Central Bank (CB) has decided to reduce interest rates for the…

#bank#inflation#interest


Bill seeks to extend progressive credit facilities to SMEs

The government today introduced the Small and Medium Enterprises Development Bill, 2005, in the Lok Sabha, seeking to enhance the…

#bank#investment#management


EXIM Bank sees rise in Q1 net profit

The Export-Import Bank of Thailand (EXIM Bank) announced yesterday that its net profit in the first quarter 2005 rose 8.5…

#bank#Exim Bank#interest


Denizbank announces SME lending surge of 147% in Q1

Denizbank, Zorlu Group's financial arm, has posted net earnings of TRL72 million for the first quarter of the year. The bank's…

GMAC Commercial Finance announces a US$60 million agented credit...

The Retail Finance Group of GMAC Commercial Finance (GMAC CF) announces the arrangement and closing of a US$60 million agented…

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