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Aval gets next US$1.8m tranche under EBRD credit line

Kyiv-based Aval Bank has received the next US$1.8m tranche under the credit line of the European Bank for Reconstruction and Development for five years, the bank's press service reported citing Andrey Rozhok, the bank vice-governor and treasury's director. In his...

#bank#guarantees#management

Coface 2004 – factoring business increasing 13%

Consolidated turnover rose 4.3% to 1,130.8 million euros (1.2% at constant consolidation scope and exchange rates) The loss ratio registered…


Improved credit register to provide more data about SMEs

The Czech National Bank (CNB) and the Czech Statistical Office (CSU) are teaming up to develop a new monitoring system…

#bank#banks#i


General Capital Group plc unveiled in major re-branding exercise

A major re-branding of Grovefield Finance is unveiled with the creation of General Capital Group plc. Building on a history…

#acquisition#funding#investment


Citibank starts campaign targeting SMEs

Citibank is starting a campaign to attract SMEs, managing director Janos Horvath announced. The bank aims to boost both its…

#bank#guarantees#liquidity


S Korean government to invest US$998m to help venture...

The government plans to invest 1 trillion won (US$998m) into fund of funds (FoFs) that will provide money to venture…


Promotion at GMAC Commercial Finance plc Leeds office

GMAC Commercial Finance, one of the UK's leading corporate funding specialists, today announced the promotion of David Culpan to Regional…

#acquisition#commercial finance#funding


Tokyo bank set to open doors for SMEs in...

ShinGinko Tokyo Ltd., a bank set up by the Tokyo Metropolitan Government, will open for business on 1 April, said…

#bank#smes


Factoring company record report revenues in 2004

D.S.Factoring raised total revenues to record Kc1.4bn last year, up 60 % from 2003, as the company in the year…


Agency to eliminate NIS 10m rural SME loans budget

From next year, the Jewish Agency has decided to eliminate its NIS 10 million budget for small businesses and enterprises…

#small businesses#SME loans


Exim Bank likely to pick stakes in African bank

Export Import (Exim) Bank of India is likely to pick up an equity stake in Development Bank of Mauritius (DBM),…


Iran expects US$500m investment from Indian SMEs

Iranian Chamber of Commerce said it is expecting an investment of US$500m by Indian small- and medium-sized enterprises (SMEs) in…

#international#investment#smes

Euler Hermes opens a branch in Lausanne

World number one credit insurer has reinforced its presence on the Swiss market. As well as the branch in Zurich,…

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