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Banco Los Andes opens doors to micro and SMEs...

Former Bolivian mutual aid society Caja Los Andes officially began operations as a bank on 3 January, focusing its business on micro and small- and medium-sized enterprises (SMEs) financing. Los Andes has around 10 years experience offering financial services to...

#bank#financial services#small businesses

IBK to lend 20 trillion won to SMEs

The Industrial Bank of Korea will lend 20 trillion won (US$19bn) to small- and medium-sized enterprises (SMEs) this year, up…

#bank#Boost#funding


Small businesses reject chancellor

Despite prime minister Tony Blair's pledge to put small business at the top of the agenda at the last Labour…

#bank#cash-flow#conference


CIT to acquire Education Lending Group for US$19.05 per...

CIT Group Inc., a leading provider of commercial and consumer finance solutions, announced that it has signed a definitive agreement…

#bank#CIT#JPMorgan


Krung Thai Bank aims to lend 40 billion baht...

State-owned Krung Thai Bank PCL (KTB.TH) plans to increase loans to small- and medium-sized enterprises (SMEs), by 40 billion baht…

#bank#SME loans#smes


VEB, Roseximbank ink export-credit insurance deal with COFACE

Vnesheconombank (VEB) and Roseximbank singed a tripartite agreement with French export-credit insurer COFACE, VEB chief Vladimir Dmitriev told. "The agreement…


Nafin, Ex-Im Bank in SME credit hook-up

Mexican development bank, Nacional Financiera (Nafin) and the American export and import bank Ex-Im Bank signed an agreement to grant…


Barclays signs deal with Enterprise Uganda to boost SMEs

Barclays Bank has signed a partnership with Enterprise Uganda, to boost small- and medium-sized enterprises (SMEs). The deal was signed…

#bank#Jobs#smes


State-run financing institution offers equity financing for SMEs

For entrepreneurs bent on making their businesses grow but are hobbled by resource constraints, outside funding can be a much-needed…

#international#management#smes


Raiffeisenbank gets Ђ10m credit line to fund SMEs

Raiffeisenbank Bulgaria received a Ђ10m credit line to finance the small- and medium-sized enterprises (SMEs). The funds are provided by…

#bank#investment#smes


FIM Bank acquires 38.5 per cent stake in GTF

First International Merchant (FIM) Bank has acquired 38.5 per cent stake in Global Trade Finance (GTF)-26 per cent of the…

#bank#global trade#international


Reliance Infocomm signs US$750m debt financing deal

According to "Business Line", even as it is being buffeted by internal turmoil, Reliance Infocomm (RIC) announced the closure of…

ECGC credit to be slashed by 50 per cent...

Export Credit Guarantee Corporation of India (ECGC) has decided to reduce the eligible credit limit by 50 per cent or…

#bank#exporters#guarantee

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