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P18B in SME loans under Sulong programme in first...

According to the government-run Small Business Guarantee and Finance Corp. (SB Corp) lending to small-and medium-sized enterprises (SMEs) reached a total of P18.6 billion in the first nine months of 2004. Benel P. Lagua, SB Corp. president, said that the...

Citigroup in takeover to enter Korea’s NPL restructuring market

Citigroup Inc., the world's largest financial service company, said it has completed the acquisition of Lend Lease Korea Ltd., a…

#acquisition#bank#crisis


US Bank Business Credit enters US$25m accounts receivables facility

US Bank Business Credit is the agent of a US$25m senior secured credit facility to ACN, a reseller of telecommunication…

#bank#cash management#management


Atradius voted best trade credit insurer in trade finance

Atradius, the global credit insurance and credit management company, have been voted best trade credit insurer in trade finance by…


SME development council to introduce incentives to improve access...

The National Small and Medium Enterprise Development Council has agreed to the introduction of an interest subsidy and securitisation of…

#bank#risk#securitisation


IGF and DCF announce merger timetable and new board...

Having completed a review of both the Independent Growth Finance (IGF) and Dynamic Commercial Finance (DCF) operations the board has…


Newtek signs letter of intent for 3 year loan...

Newtek Business Services, Inc. a provider of business services and financial products to the small- and medium-sized business market, today…


Decline in corporate failures slows but administration orders rise...

Over 12,000 limited companies have failed so far in 2004, a failure rate of 64 companies per day, according to…

#financial services#insolvency#insurance


NBP advocates cashflow-based lending to finance SMEs, will increase...

The National Bank of Pakistan (NBP) has found great potential for the growth of the small-and medium-sized enterprise (SME) sector…


Capstone Business Credit US$7.8m in factoring deal with Florida...

Capstone Business Credit has announced the signing of a one-year project financing agreement with Complete Flooring Supply Corporation, based in…


Exim Bank offers big loan for irrigation projects

Exim Bank of the United States (Exim Bank) has offered Rs. 4,000-Rs. 5,000 crores as loan assistance to the State…

#bank#Exim Bank#financial institutions


Rate hike hits export loans

Banks will charge 5 per cent maximum markup on export loans in December 2004. To May 2004 they were charging…

Merloni sells 40% stake in factoring unit

Merloni Elettrodomestici SpA said its board agreed yesterday to sell a 40% stake in the factoring company Faber Factor for…

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