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Total factoring turnover in India increased to US$1,427m in 2003, from US$1,367m the year before, according to the global industry group Factors Chain International (FCI). Factoring in India has not lived up to its potential. One of the biggest problems...
#bank#global trade#international
CIT Small Business was awarded Top Volume Lender status by the U.S. Small Business Administration (SBA) among lenders of SBA…
#CIT#economy#leadership
First M&F Corp. has reported that net income for the quarter ended September 30, 2004 was US$2.781 million, or US$.62…
The Export-Import Bank of India (Exim Bank) has acquired 30 per cent stake in the Development Bank of Zambia for…
A new trade finance initiative has been created to provide California-based small- and medium-sized companies (SMEs), their buyers, suppliers, and…
#bank#exporters#guarantees
The Small Industries Development Bank of India (SIDBI) has adopted new instruments and avenues for deploying credit to the small-…
Systems Evolution Inc.(SEVI), an information technology services company, announced today that it has closed a $1.5 million factoring facility with…
The Asian Development Bank (ADB) has agreed to provide about US$50 million to the Bangladeshi government-sponsored small- and medium-sized enterprise…
#ADB#Bangladesh bank#bank
Capital Factors will receive a US$10.8m settlement from one defendant in a lawsuit in which it claims that customers defrauded…
#international#leasing#receivables
Finance minister Tibor Draskovics welcomed the Monetary Council's 50 basis point rate cut on Monday, citing it as a sign…
According to statistics, insurance premiums on the export of agricultural products increased by more than 70 per cent in the…
Wells Fargo & Company reported diluted earnings per common share of US$1.02 for third quarter 2004, compared with US$0.92 in…
#interest#leasing#small business
The Pakistan Insurance Corp (PIC) administers an export-credit-guarantee scheme that deals with all exports not covered by letters of credit.…