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Global

More businesses see late payment as a deterrent

Research conducted by the Better Payment Practice Group (BPPG) has found that more than three quarters of businesses now believe that the Late Payment Legislation should primarily be used as a deterrent. The poll, which was conducted on the BPPG...

Cattles Invoice Finance Limited announces soaring profits in 2003

Cattles Invoice Finance Limited, the Manchester-based factoring company, have released financial statements for the year to 31 December 2003 showing…

#cash-flow#financial services#funding


Post Bank plans to develop leasing and factoring

Post bank said its target was to acquire 10% market share, bank's chief executive officer, Anthony Hassiotis, said. At present,…


SGF reports factoring income down 29%

Refering to the auditor report of Siam General Factoring Plc. at the end of September 2004 and 2003 the company…


Huawei gets export credit for Brazil project

Telemar Norte Leste SA, Societe Generale, the China Export & Credit Insurance Corporation (Sinosure) and Huawei Technologies Co., Ltd. have…


BBL expects total credit to SMEs in 2005 to...

Bangkok Bank Plc (BBL) said its total credit next year is expected to grow by 5-6 per cent from this…


Siemens Financial Services aggressively expands commercial finance and asset-based...

Siemens Financial Services, Inc. (SFS), the US financial services arm of Siemens AG, today announced the further expansion of its…

#business finance#commercial finance#financial services


CIT wants to establish leasing and factoring business in...

Jeffrey Peek, chief executive and president of commercial lending giant CIT Group, is determined to expand into the United Kingdom…


Nacion to obtain US$30m credit from Korean Eximbank

Federal Argentine bank Banco Nacion will obtain a US$30m credit line from Korea's Eximbank to finance imports of Korean manufactured…


Financial intelligence unit to be set up to track...

India finally has a financial intelligence unit (FIU) for tracking money laundering offences. The Cabinet today gave its nod to…

#anti-money laundering#international#Two


EIB delivers Ђ470m boost to SMEs in Italy and...

The European Investment Bank (EIB) has granted several loans, totalling Ђ470m, to support the development of innovative small-and medium-sized enterprises…

#bank#Boost#investment


US$7.5bn subsidiary for exporters

State Minister Kursad Tuzmen announced that exporters will be subsidized in 2005 with a US$7.5bn fund from Eximbank. Tuzmen pointed…

Khula disbursements to SMEs totals R280m

Khula Enterprise Finance reported a 40 per cent increase in the value of disbursements to small- and medium-sized enterprises (SMEs)…

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