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Industrial Bank to increase lending to small firms

Industrial Bank of Korea, the nation's biggest lender to small companies, announced its plans to increase lending to these clients by won 7 tn (US$7bn) this year, amid a recovery in the economy. The bank's chief executive officer, Kang Kwon-seok,...

#bank#Boost#economy

HSBC enters small business financing agreement

Mexico's fourth largest bank HSBC Mexico has signed a small business financing agreement with the economy ministry and development fund…


India offers Africa export credit line

According to foreign minister Natwar Singh, India is to pay special attention to Africa and will start economic co-operation. In…

#bank#conference#exports


Export credit insurance and incentives in South Africa

A report on sources of export credit insurance, incentives and zones in South Africa. To read the full report go…

#export credit insurance#insurance


‘Most S Korean export-oriented SMEs suffer from strong Won’...

The majority of South Korea's export-oriented small- and medium-sized enterprises (SMEs) are suffering from worsened profitability due to the Korean…


Venture Finance launches new service for SMEs

Today, Venture Finance becomes the first asset-based lender to launch an automatic additional finance facility for its invoice finance clients.…

#asset-based lender#cash-flow#Funding Options


France leads Europe in entrepreneurship revival

On the face of it, there is little to suggest France is experiencing the surge in entrepreneurship that Europe needs…


CIT names group-wide EVP, Chief Sales Officer

CIT announced the appointment of Walter J. Owens as executive vice president, chief sales and marketing officer. In this newly…

#assignment#CIT#commercial finance


Banks remain reluctant to lend to SMEs – Bank...

South Korean banks remained reluctant to make loans to small- and medium-sized enterprises (SMEs) in February despite emerging signs of…


Florida asset-based financier approves US$10m cash flow funding for...

XRG Inc., a provider of a wide range of truckload freight services in the US, has announced that it had…

#bank#cash-flow#funding


Japan’s UFJ Bank launches factoring services for Vietnamese exporters

Japan's UFJ Bank has announced that it will begin its factoring service for exporters later this month. The bank will…


Almost 40,000 companies turn to invoice finance for cash...

FDA Annual Figures released this week show that factoring and invoice discounting has now become a Ј132 billion industry. FDA…

Fortis appoints new Country Manager for Poland

Fortis has announced the appointment of Alexander Paklons as country manager for Poland. Alex Paklons was formerly director marketing personal…

#bank#international#poland

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