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BPB's micro credit portfolio reaches US$21m in April

Brazilian micro credit bank Banco Popular do Brasil (BPB) saw its micro credit portfolio reach reais 54m (US$21.3m) in April, its parent Banco do Brasil (BB) said in a statement. BB launched BPB in February last year to provide basic...

Gauteng launches SME portal and agency

The Gauteng Provincial Government has launched the Gauteng Enterprise Propeller (GEP), a small- and medium-sized enterprise (SME) agency and portal.…

#economy#funding#Propel


Euler Hermes Credit Insurance taken over by French parent

Euler Hermes, the French credit insurer, has completed the acquisition of shares from minority investors in Euler Hermes Credit Insurance,…


Banca Intesa expands in Russia

The Italian banking group Banca Intesa has raised its profile on the Russian market by acquiring 75 per cent of…


Senior executive appointment in Mainland China

Dicky Yip, chief executive China Business of The Hongkong and Shanghai Banking Corporation Limited has been appointed vice president of…


Tri-S Security Corporation announces US$6.5m line of credit with...

Tri-S Security Corporation, a provider of contract guard services to various Federal government agencies pursuant to long-term contracts had entered…

#funding#interest rate#LSQ


Factoring in the Czech Republic increases in popularity

While small- and medium-sized enterprises (SMEs) still prefer bank loans to regulate cash flow, companies are increasingly turning to alternative…


DCD Factors report pre-tax profit up 36%

DCD Factors plc, the London-based factor and invoice discounter, has released results for the year to 31 December 2004 showing…

#factoring industry#invoice#management


Senior appointment at Lloyds

LLOYDS TSB Commercial Finance has appointed Donna McMillan as senior client manager for Scotland. Manus Fullerton, director of corporate and…


HNS opts for BanComex Trade Finance solution

Surecomp, a leading provider of trade finance, factoring and reconciliation solutions for the banking and financial market, today announced that…

#bank#international#international factoring


CIT reports solid start to 2005

CIT Group Inc the commercial and consumer finance group reported net income of US$210.4m for the first quarter 2005, an…

#CIT#commercial finance#leadership


Bibby Financial Services helps businesses get moving

Bibby Financial Services, a global provider of business cash flow solutions, has launched a unique new trade services offering, providing…

#commercial finance#financial services#smes

The Better Payment Practice Group research reveals that 42%...

Research by the Better Payment Practice Group (BPPG), has found that two fifths of businesses are risking bad debts by…

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