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KfW to fund more SMEs

German state-owned development bank Kreditanstalt fur Wiederaufbau (KfW) has announced that it awarded more loans to medium-sized business in 2004 than in the previous year. In 2004, KfW awarded loans with a total volume of Ђ14bn to SMEs, higher than...

#bank#Boost#economy

Emirates Bank Factoring goes global – now a member...

Emirates Bank has become the only local bank in the UAE to become an accredited member of Factors Chain International…

#bank#exporters#international


Base interest rate drops

The base interest rate (BIR) valid as from February 1 to February 28, 2005, has been set at 1.89 per…

#Allianz#bank#banks


Growth of regional management team at Venture Finance

Invoice and asset-based financier Venture Finance starts 2005 on a positive note, with the promotions of Fiona Black and Chris…

#acquisition#Business Development Manager#invoice


PEAC Jakarta unit launched to boost SME financing access

In an effort to help develop and empower small-to medium-sized enterprises (SMEs), a Jakarta unit of an agency designed to…

#bank#international#SME financing


GCR rates CGIC 'AA'

International rating agency Global Credit Rating Co (GCR) has reaffirmed Credit Guarantee Insurance Corporation's (CGIC) claims paying ability rating of…


EFG Eurobank announces managerial changes for factoring expansion

EFG Eurobank Ergasias on Monday announced a series of management changes as part of a strategic plan to expand activities…


Base rate cut

The Monetary Council of the National Bank of Hungary (MNB) cut its benchmark interest rate from 9.5% to 9%. The…

#bank#interest#interest rate


58% SMEs confess having financial dificulties

A recent study by the Korea Federation of Small and Medium Businesses showed that 58.3 per cent of 310 small-…


S Korea's Exim bank to offer factoring to exporters

State-run Export-Import Bank of Korea said Monday it will provide 500 billion won (US$488m) this year to local exporters by…

#bank#credit risk#exporters


Malaysia to set up SME development bank

Malaysia will set up a development bank to assist small- and medium-sized enterprises (SMEs) in 2005, Prime Minister Abdullah Ahmad…


Coface opens subsidiary in South Africa

Coface buys 100% of CUAL, a leading South African Underwriting Agency, and opens a local subsidiary to support its first…

#exports#guarantees#international

AXA Affin's trade credit insurance

AXA Affin Assurance Bhd has expanded its insurance products with the launch of trade credit insurance on 31 January, which…

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