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Small firms time bomb for financial market

Korea's small- and medium-sized enterprises (SMEs) are a time bomb, which could shake the financial market due to surging overdue debt. In a parliamentary audit and inspection of the Bank of Korea, Rep. Lee Jong-koo of the main opposition Grand...

#bank#financial services#management

Small firms offered loans boost

A boost for small businesses, offering bigger loans to fund expansion plans, was announced by chancellor Gordon Brown today. For…

#guarantee#guarantee scheme#interest rates


One in ten businesses pay customers late when they...

Research by the Better Payment Practice Group (BPPG) has found that nearly 11% of businesses would pay their customers late…


EIB provides Ђ60m to support Egyptian private sector

Under the Facility for Euro-Mediterranean Investment and Partnership (FEMIP), the European Investment Bank (EIB), the European Union’s financing institution, is…


CGC seeks to guarantee more loans

Credit Guarantee Corp Malaysia Bhd (CGC) is increasing its target for guarantee of loans next year to keep pace with…


KBANK joins credit insurance agency to boost SME lending

Kasikornbank (KBANK), in co-operation with the Small Industry Credit Guarantee Corporation (SICGC), plans to offer guarantees for small businesses under…

#bank#guarantees#small business


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…

#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

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