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R320m boost for young entrepreneurs' fund

Access to funding for youth has been given a major boost with the commitment by First National Bank (FNB) of R240-million to the Progress Fund in a joint undertaking with the Umsobomvu Youth Fund (UYF) enterprise fund. Together with a...

Malaysia's bank for SMEs to start operations in October

A bank for small- and medium-sized enterprises (SMEs) will start operations in October Deputy Prime Minister Najib Abdul Razak said.…

#bank#banks#SME loans


UK business confidence rises

Four out of ten business owners in the UK (40%) feel more confident about the economic prospects in the next…

#bank#banks#economy


Grupo Security seeks 20% profit growth on factoring investment

Chilean financial services group Grupo Security looks to up profits 20% this year on the back of a 5bn peso…

#Boost#financial services#insurance


Coface UK Receivables Finance has become the latest member...

Coface UK Receivables Finance, part of Coface UK, a leading provider of credit solutions for business, has become the latest…

#exporters#invoice#management


HSBC plans plunge into unsecured lending to SMEs

HSBC proposes to launch unsecured lending to small- and medium-sized enterprises (SMEs) by July this year. The foreign bank, which…

#bank#bonds#receivables


Sidbi to cooperate with BoI, PNB for loan disbursals

The Small Industries Development Bank of India (Sidbi) is going to start with commercial banks on extending working capital loans…


Lloyds TSB banking awards

Birmingham's Hyatt Hotel recently played host to the annual Lloyds TSB Commercial Finance Banking Awards. More than 100 guests gathered…

#awards#commercial finance


The Banking Association Debtor Financing Committee industry statistics 2004

The Banking Association Debtor Financing Committee has released South African members’ factoring industry statistics for the year to 31 December…

#bank#international#invoice


Factoring group shareholders authorise IPO

Shareholders of Banca Italease, the Italian leasing and factoring group approved the issue of 15.5 million new shares and gave…


Law re-confirms scope of insolvency act

Changes to the Insolvency Act 1986, which come into effect later on this week, explicitly provide that only limited companies…


GDM holds workshop for SMEs

A six-day capacity building workshop took place on Sunday in Accra for 111 small- and medium-scale entrepreneurs. The participants were…

Netherlands Senior Experts to assess SME’s operations in Mindanao

Retired and semi-retired business experts from Netherlands are focusing their energy on Mindanao this year, where almost half of the…

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