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North Little Rock factoring company’s law suit accuses Tennessee...

A North Little Rock based factoring company filed a civil suit in US District Court for the Eastern District of Arkansas claiming that a Tennessee company and several of its employees violated the federal Racketeer Influenced and Corrupt Organizations Act...

Sidbi, PB and OBC to set up a rating...

"Punjab National Bank, Oriental Bank of Commerce and Small Industries Development Bank of India will set up a rating agency…


GE Commercial Finance Corporate Lending adds originator to Texas...

GE Commercial Finance Corporate Lending announced that it has named Paul W. Patrick as senior vice president of origination for…

#bank#commercial finance#international


India and Italy set bilateral trade target of Ђ5bn...

India and Italy have set a bilateral trade target of Ђ5bn, which Commerce and Industry Minister Kamal Nath said, was…

#forum#investment#smes


Export insurance programmes in Hong Kong

The great majority of Hong Kong exporters do not have credit insurance, but trade on an unsecured or letter-of-credit basis.…


State financing firms to support OTOP programme for SMEs

Government financial institutions (GFIs) involved in the SME Unified Lending Opportunities for National Growth (SULONG) programme will provide financing to…

#bank#financial services#management


Firms increasingly loom to Hong Kong for factoring

There are ten factoring companies in Hong Kong; they had a total turnover of Ђ3.25bn in 2003, according to Factors…

#bank#global trade#international


Fexco acquires BNP Paribas Finance

Kerry-based payments company Fexco has entered the asset finance business with the purchase of BNP Paribas Finance from its French…


Raiffeisen Bank Polska doubles its annual profit and begins...

Raiffeisen Bank Polska (RBP) closed 2004 with a record net profit of PLZ.165.4 billion which is almost double the figure…

#bank#GDP#Raiffeisen


Romanian central bank decreases its key interest rate

Romanian central bank decreased its key interest rate by 72 basis points to 15.75 per cent p.a. Central bank reacted…

#bank#inflation#interest


ProCredit Bank gets Ђ10m credit line for SMEs

The European Bank for Reconstruction and Development (EBRD) will extend a Ђ10m euro credit line for funding small- and medium-sized…


Davenham sale may fetch Ј50m

Manchester finance firm Davenham could be sold within weeks for more than Ј30m. Its private equity owners are hoping to…

#bank#banks#funding

Overdraft burden tests small businesses in the UK

Small businesses in the UK owe approximately Ј15.9 billion in overdrafts according to new independent research commissioned by GMAC Commercial…

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