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State-run Export-Import Bank of Korea said Monday it will provide 500 billion won (US$488m) this year to local exporters by purchasing their receivables at a discount as part of the South Korean government's efforts to boost exports. The policy bank...
#bank#credit risk#exporters
Malaysia will set up a development bank to assist small- and medium-sized enterprises (SMEs) in 2005, Prime Minister Abdullah Ahmad…
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 Assurance Bhd has expanded its insurance products with the launch of trade credit insurance on 31 January, which…
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 has funded start-up company Blue Cube in Knowsley, creating sixteen jobs in the area. Blue Cube provides…
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 has announced the formation of a new business group, Citi Commercial Asset Based Finance. The new unit will provide…
Atradius Trade Credit Insurance today announced its commitment to ongoing support for companies selling to buyers in tsunami-devastated areas. "As…
The government's efforts to support small- and medium-sized enterprises (SMEs) nationwide was bolstered with the launching in Malacanang, the presidential…
CIT Small Business Lending Corporation, the nation's No. 1 Small Business Administration (SBA) lender for the last five years and…
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
Eight out of every 10 export-centered small- and medium-sized enterprises (SMEs) have suffered from the rapid appreciation of the Korean…