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IMEX awarded SWIFT Ready status for 7th consecutive year

Surecomp, a leading provider of trade finance, factoring and reconciliation solutions for the banking and financial market, today announced that its flagship trade finance banking system IMEX, has achieved SWIFT Ready Gold status for the 7th consecutive year. SWIFT annually...

External commercial borrowing market offers factoring services

Banks and financial institutions are tapping the external commercial borrowing (ECB) market for raising short-term funds even though the government…


Bancolombia to maintain SME lending strategy post-merger

Colombia's largest bank Bancolombia will continue with its strategy of product segmentation and increased small- and medium-sized enterprise (SME) lending…

#bank#financial institutions#investment


World trade growth should remain high in 2005 and...

Although a simultaneous slowing in US and China imports is expected, world trade growth over the next two years should…


OCBC loans for SMEs to increase by 25% this...

OCBC Bank (M) Bhd expects to approve RM5 bn in loans for small- and medium-sized enterprises (SMEs) this year, up…


Micro loans up 194% at the end of February

Venezuela's financial system reported bolнvares 799bn (US$372m) in micro lending at the end of February this year, a 194% jump…


BOV offers financing support packages to SMEs

Bank of Valletta is offering its support to small- and medium-sized enterprises (SMEs) to facilitate the tapping of new business…


Experian extends its anti-money laundering solutions into Latin America

Experian, the global information solutions company, has announced that it has signed contracts to install its anti-money laundering and regulatory…


‘Reckless’ directors in bogus invoice case to pay back...

Two directors who recklessly presided over the Ђ6 million collapse of Doherty Advertising will each pay back just Ђ150,000 under…


Turnaround specialist launches service for invoice finance providers

Corporate Strategies, the national turnaround specialist, has launched a new service dedicated to working with invoice finance providers to deliver…

#economy#factoring industry#invoice


Siam General Factoring merger plan tipped to have collapsed

A planned merger between Siam General Factoring (SGF) and Advance Finance has been derailed. A source said the deal's collapse…


Intesa Mediofactoring profit 2004 increased by 70%

The Board of Administration of Intesa Mediofactoring, the factoring company of Intesa group, analysed and approved the project of balance…

Basel II reforms will have “positive effect on SME...

Politicians and financiers agreed on the importance of readily providing capital to small- and medium-sized enterprises (SMEs) and bemoaned the…

#bank#forum#guarantees

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