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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- and medium-sized enterprises (SMEs) were having troubles making ends meet. More than half of the SMEs polled said they are...

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…


Eurofaktor prepares for stock deals with financial investors

The shareholders of the Myslowice-based factoring company Eurofaktor have entered negotiations with financial investors interested in the acquisition of a…

#acquisition#financial institution#investment


Cattles Invoice Finance helps start up IT& telecom company

Cattles Invoice Finance has funded start-up company Blue Cube in Knowsley, creating sixteen jobs in the area. Blue Cube provides…


CNB cuts interest rate by 0.25 percentage points

Czech National Bank (CNB) has surprisingly cut interest rates by 0.25 percentage points. Main repo rate is dropped to 2.25…

#bank#inflation#interest


CitiCapital launches asset-based finance unit to target SMEs

CitiCapital has announced the formation of a new business group, Citi Commercial Asset Based Finance. The new unit will provide…


Atradius pledges support for trade with countries impacted by...

Atradius Trade Credit Insurance today announced its commitment to ongoing support for companies selling to buyers in tsunami-devastated areas. "As…


US$25m Philippine pte equity fund launched to bolster SMEs

The government's efforts to support small- and medium-sized enterprises (SMEs) nationwide was bolstered with the launching in Malacanang, the presidential…


CIT's Preferred Lender status renewed and expanded by US...

CIT Small Business Lending Corporation, the nation's No. 1 Small Business Administration (SBA) lender for the last five years and…

EXIM Bank to play greater role in developing SMEs

The Export-Import Bank of Thailand has restructured its core functional units, aimed at developing small- and medium-size enterprises (SMEs) in…

#bank#exporters#exports

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