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Depfa to launch credit insurance unit in Europe, US...

Depfa Bank Plc is planning to launch a credit insurance division in the first half of 2005 in anticipation of high demand for credit insurance once Basel II goes into effect in 2007, chief executive Gerhard Bruckermann told Handelsblatt newspaper....

#bank#capital requirements#management

Asian Development Bank buys stake in local credit insurer

The Asian Development Bank (ADB) has agreed to take a minority stake in privately owned credit guarantee provider Credit Orienwise…

#ABN AMRO#ADB#Asian Development Bank


Uralsib-Moldfactor SRL has started in the Republic of Moldova

National Factoring Company Uralsib-NIKoil (new "factoring" brand of financial corporation Uralsib, ex financial corporation NIKoil) has established its first subsidiary…


Credit guarantors lacking guidelines

Credit guarantee associations nationwide provided credit guarantees for 138 loans worth 5.6 bn yen to small- and medium-sized companies (SMEs)…

#guarantee#guarantees#risk


Kyrgyz Ineximbank to increase credit portfolio by 16 per...

Kyrgyzstan's Ineximbank plans to increase its credit portfolio by 16 per cent to som1 bn by the end of 2004,…


Atradius increases share capital by Ђ86.5m

Atradius, one of the world’s leading credit insurers, has further improved its already strong capitalisation by issuing 6.6 million new…

#Atradius#bank#confirming


North of England factor reports profit in second year...

Skipton Business Finance Limited (SBF), a subsidiary of Skipton Building Society, has reported a profit before tax of Ј407,050 for…

#business finance#Skipton Business Finance#working capital


Sidbi venture to launch new Rs500 crore fund for...

Sidbi Venture Capital Ltd (SVCL) plans to launch a new Rs500 crore venture capital fund to help small- and medium-…


New credit insurance scheme launched

Small- and medium- sized enterprises (SMEs) in regional areas are expected to get better access to bank loans with the…

#bad debts#bank#management


Thai agency seeks guarantees from Siam City Bank small-business...

The Small Industry Credit Guarantee Corporation (SICGC) hopes to gain an additional one billion baht in loan guarantee fees this…

#bank#guarantee#guarantees


Factor plans float

Eurofaktor, the country’s largest non-banking factoring company, has revealed plans to debut on the Warsaw bourse. Eurofaktor hopes to raise…


Grupo Security to raise US$55m in capital

Chilean financial group Grupo Security plans to make a capital increase of more than US$55m during the first half of…

Banks lending more to small- and medium- enterprises

Philippine banks have lent more funds to small- and medium- enterprises than the minimum 8 per cent the law requires,…

#bank#banks#compliance

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