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The French banking group Credit Agricole SA has finalised its acquisition of 49.09 per cent of French factoring company Eurofactor from the French credit insurer Euler Hermes. The transaction, which puts Eurofactor's global value at Ђ383m, raises Credit Agricole's stake...
According to experts at BDO Stoy Hayward, 2004 is expected to record the lowest number of business failures for six…
The Export-Import Bank of Korea, a state-run trade bank, said it will increase its lending by 41% to 24 trillion…
US small business exporters are obtaining larger working capital loans under the new co-guarantee agreement of the Export-Import Bank of…
Germany's KfW signed credit agreements worth a total of Ђ16m with three Russian banks during the small and medium business…
The European Bank for Reconstruction and Development (EBRD) is opening Rosbank a credit line for US$20m for five years to…
#bank#banks#smes
ING Group NV and General Electric Commercial Finance have agreed to restructure their working capital finance joint venture NMB-Heller. ING…
US-based CIT Group has been granted a UK commercial banking licence that will allow it to make loans to businesses…
The export financing division of German state-owned bank Kreditanstalt fur Wiederaufbau (KfW), has announced plans to enter the leasing market.…
#acquisition#bank#funding
The Financial Supervisory Service (FSS) said it will introduce the new Basel Accord, also known as Basel II, by 2007…
Between January and September this year, the earnings of the 15 factoring companies in Mexico reached 137.3 million pesos (US$12.3m),…
#3M#factoring industry
The Asian Development Bank (ADB) will support efforts of the government of Bangladesh to foster development of the country's small-…
#ADB#Asian Development Bank#bank
Cash flow problems caused by late payment are the curse of small business, creating serious and sometimes terminal trouble for…
#bank#commercial finance#debt collection