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Grupo Security looks to boost factoring division

Chilean financial group Grupo Security's factoring division holds a 12% market share and pulls in about 26% of the group's total revenues. Grupo Security looks to grow its factoring arm through new projects aimed at increasing its client base, especially...

Can CFOs control cash flow?

An article by Doug Roberts, Chief Executive Officer, Avolent. Cash is the lifeblood of every company. Cash flow, particularly incoming…

#cash-flow#invoice#management


Agio bank to develop factoring business

Over five years AGIO Bank (Kyev) plans to increase its share in the basic segments of the banking market of…

#bank#banks#international


Late payment is still a chronic problem for Midlands...

Over half of Midlands owner-managers feel their business is being held back because of late payment by their customers. At…

#cash-flow#funding#invoice


Exim Bank records 1bn quarterly profit

Exim Bank (Tanzania) Ltd announced that it has recorded a net income after tax of TZS1.009bn (US$975,000) in the financial…

#bank#Exim Bank#interest


SBI Factors aiming for 20% quarter-on-quarter growth and to...

State Bank of India (SBI) formed its factoring company, SBI Factors (SBIF) in collaboration with UBI and SIDBI in 1991.…

#bank#capital requirements#receivables


European Commission loan scheme to aid entrepreneurs in Northern...

Local small-business owners have been advised that the European Commission (EC) has approved a new loan scheme to help enterprises…


KDB to extend won 4.8 trillion in new loans

State-run Korea Development Bank (KDB) on Wednesday announced plans to provide 3 trillion won to small-and medium-sized enterprises (SMEs). In…

#bank#banks#smes


Karnataka bank announces record profit – SMEs lending is...

Karnataka Bank has posted a record profit of Rs133.17 crore in 2003-2004. The Bank has continued to focus on lending…

#bank#banks#insurance


Griffiths welcomes improved business start-up figures

Small Business Minister Nigel Griffiths today welcomed new figures that show the highest number of business VAT registrations since records…


Small business loans booming in Tennesee

Powered both by local growth and regional expansion, the area's top community banks ramped up their small business lending by…


Central bank approves share capital increase for National Factoring...

On October 27th the Central Bank of Russia approved the increase in the share capital of the National Factoring Company…

#bank#insurance#investment

ECGC signs memorandum of understanding on co-operation with Exim...

The Export Credit Guarantee Corporation of India Ltd (ECGC) has signed a memorandum of understanding (MoU) with the Exim Bank…

#bank#Exim Bank#guarantee

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