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Banks channel Rp35.9 trillion in credits to SMEs

The banking sector channelled credits totalling Rp35.9 trillion to small-and medium- enterprises (SMEs) in the January-July period this year, Deputy Governor of the central bank (Bank Indonesia-BI) Miranda Gultom said here on Thursday. She said that the amount accounted for...

Indian Sbi-Canara bank Jv begins operations in Moscow

The Commercial Bank of India LLC (CBI), a joint venture between public sector Canara Bank (BSE:CNBK) and State Bank of…

#bank#guarantees#SBI


MicroFinancial secures US$30m line of credit from CIT

MicroFinancial Incorporated (NYSE:MFI) announced today that it has arranged for a three year, US$30mn senior secured revolving line of credit…

#bank#CIT#CIT Commercial Services


New panel to address woes of exporters

Reserve Bank of India (RBI) has constituted a separate Sub-Committee under the State Level Bankers Committee (SLBC) called the Sub-Committee…


EEFA in Vilnius – 4th annual conference report

On 14 September members of East European Factoring Association gathered in the Baltic town of Vilnius, capital of Lithuania, for…


Exporters must do their homework or they could face...

British exporters must do their homework before targeting new overseas markets or they could end up with slow paying customers…

#Atradius#bank#Deutsche Bank


S Kumars to raise US$150m to repay rupee debt

S Kumars Nationwide Ltd (SKNL) is planning to repay its rupee debt by raising US$150m (close to Rs 700 crore…

#bank#cash-flow#guarantee


Ex-Im bank vice chair calls for increased financial ties...

Export-Import Bank of the United States (Ex-Im Bank) vice chair April Foley called for expanded US-African trade and investment this…


Financial regulators tighten grip

Regulators have strengthened the crackdown on unfair trading and irregular accounting after Yoon Jeung-hyun took office as chairman of the…


EBRD allocates US$2m to support Tajik entrepreneurship

Under an agreement signed between the European Bank for Reconstruction and Development (EBRD) and the Tojiksodirotbank, the EBRD will help…

#bank#interest#interest rate


Leasing company shareholders approve move into debt factoring

At the extraordinary general meeting on 28 September 2004, the shareholders of Oman Orix Leasing approved the proposal of the…

#leasing


India aims at doubling trade with Germany in 2005

The government said it is aiming to almost double the volume of trade between India and Germany to US$10 billion…

FDI inflow to CEE region drops by a third

Foreign direct investment (FDI) inflows into Central and Eastern Europe (CEE) dropped by one third from a record US$31bn in…

#investment#poland

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