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SIDBI launches venture fund for SMEs

The Small Industries Development Bank of India (SIDBI) has launched the small- and medium- sized enterprise (SME) growth fund, a venture capital fund with a corpus of Rs 500 crore, dedicated to the SME sector. The fund has an eight-year...

#bank#banks#risk

Indian Exim bank extends US$7m credit to Myanmar

Export-Import Bank of India (Exim Bank) has extended a line of credit (LOC) of US$7m to the state-owned Myanmar Foreign…


Texas-based insurance and finance group announces launch of equipment...

American International Group, Inc. (AIG) today announced the formation and launch of AIG Commercial Equipment Finance, Inc. (AIG CEF), a…

#AIG#financial services#international


Factor is new player on Warsaw Stock Exchange

Eurofaktor, Poland's biggest non-banking factoring company, was one of six new companies to enter the Warsaw Stock Exchange on Friday.…


Grupo Security to increase capital

Chilean financial group Grupo Security will make a capital increase of between US$50m-60m on 11 November this year, local press…

#insurance#security


Enterprise Finance Europe provides ID fuel for construction MBO

Enterprise Finance Europe (EFE), one of the UK's leading asset-based lenders, has provided the senior management team at West Midlands-based…

#funding#invoice#management


Swiss offer US$15m investment funding for SME sector

Indian small- and medium-sized enterprises (SMEs) have been asked to take advantage of the US$15m investment funding from the Swiss…


Poor payment morale troubles state export guarantor

German state export credit guarantees, the so-called “Hermes coverage” with which the German government protects German exporters from payment defaults…


ADB sets aside US$85m for SME exporters

The Asian Development Bank (ADB) has set aside US$85m to finance export oriented small- and medium- sized enterprises (SMEs) in…

#ADB#bank#exporters


Potential Finance Group appoint managing director

Potential Finance Group PLC (PFG) has appointed Colin David Swanston as managing director of Potential Asset Finance Limited (PAF) to…

#business finance#commercial finance#funding


Law passed to allow non-bank factoring and loan operations

According to a statement from the banking regulator SBS, the Peruvian congress has approved a law that allows non-bank entities…


SME Bank launches remission package

SME Bank has launched its ‘loan remission Ramazan package’ to help borrowers to settle their loans and outstanding liabilities. Ihsanul…

#bank#SME bank#Two

Banks must help SMEs involved in higher- risk ventures

Deputy Finance Minister Datuk Dr Ng Yen Yen has urged banks to help small- and medium- scale enterprises (SMEs), including…

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