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State Bank of India looks for global factoring partners

State Bank of India today signed an agreement with Societe Generale Asset Management (SGAM) to form a joint venture with the bank's mutual fund arm. With this agreement SGAM would hold 37 per cent stake in SBI Mutual Fund, for...

IBK lengthens loan maturity for SMEs

The Industrial Bank of Korea (IBK) on Monday announced it would extend the maturity of loans for small-and medium-sized enterprises…

#bank#smes#Two


Lack of access to credit impedes SMEs growth

Bangladesh Bank (BB) Governor Fakhruddin Ahmed has said lack of access to credit is considered one of the most serious…


Individual investment abroad tops US$300m in 9 months

Overseas direct investment by South Korean individuals surpassed the US$300m mark for the first nine months of the year, hitting…


Company insolvencies the lowest ever rate while personal insolvencies...

During the third quarter of 2004, soaring levels of personal insolvency in England and Wales have increased by 6.2% on…

#bankruptcy#banks#insolvencies


Nearly 14 per cent growth in Lithuania's factoring market

The aggregate factoring portfolio of Lithuanian banks and leasing firms at the end of September was LTL 590.3 m, up…


India and Germany look at SME synergies

With Indian companies queuing up to set up base in Europe, several government agencies are doing their bit to attract…

#conference#forum#innovation


Small Business calls for long-term tax reductions

Today Catherine Swift, president of the Canadian Federation of Independent Business (CFIB) along with Garth Whyte, executive vice-president presented to…

#insurance#Jobs#small business


Aegon sells TFC maritime container ops to TAL for...

Aegon NV said it sold Transamerica Finance Corp's (TFC) maritime container leasing activities to TAL International Group Inc for US$1.2bn.…

#international#leasing


India's EXIM bank picks up stake in west African...

Export and Import Bank of India (EXIM Bank) has picked up less than 1 per cent stake in West African…


Government to write off bad loans owed by SMEs

The Ministry of Finance is preparing a government regulation that will enable state-owned banks to write off bad loans owed…

#banks#crisis#regulation


Bancomer to issue US$526m in small business loans through...

Mexico's largest financial group BBVA Bancomer at a Wednesday press conference unveiled a program to issue 6bn pesos (US$526m) in…

Credit rating for small firms units likely to be...

To boost credit flow to the small-scale sector, the government is likely to introduce a credit rating scheme for small-scale…

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