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Ultimate Finance halves loss on soaring turnover in 2004

Ultimate Finance Group PLC halved its pre-tax loss in the year to 30 June to Ј338,609 from Ј663,083 on a 144 % rise in turnover to Ј1.18m from Ј485,117. Recourse factoring products accounted for 90% of the group turnover, with...

#commercial finance#i#invoice

Emirates Bank promotes United Arab Emirates (UAE) expertise in...

As a major bank focused on assisting the UAE economy via expertise in international trade, Emirates Bank has combined its…

#bank#international#International Trade


Three banks join innovation support scheme

Bangkok Bank, Bank of Ayudhaya (BAY) and Siam City Bank (SCIB) have joined a programme initiated by the National Innovation…


Exim Bank to finance investors in North Korea

The state-run Export-Import Bank of Korea will finance up to 70-90 per cent of accidental losses resulting from corporate investments…


Benefits of leasing for SMEs

David Goodridge, partner at accountancy firm Kingston Smith, looks at the advantages of leasing for small businesses. Financing new equipment,…

#cash-flow#risk#small business


China may invest US$4bn in Brazil

Four months after the visit of the Brazilian president Lula to Beijing, Brazil and China may resume negotiations about joint…


Banamex launches SME online service – Mexico

Mexico's second largest bank Banamex has launched an online financial services portal for small and medium-sized enterprises (SMEs), the company…


Bridge Bank awarded SBA Preferred Lender status in California

Bridge Bank, National Association, Santa Clara County's newest business bank, today announced that the Bank has achieved California Statewide Preferred…


Shanghai success for BCR’s third Asia Pacific Factoring Conference

The Asia Pacific region has some of the most exciting and fastest growing factoring markets in the world. With this…


Fed raises interest rate

The US Federal Reserve boosted a key short-term interest rate by one-quarter percentage point last night, the third increase this…

#banks#economy#interest


Ex-Im Bank raises cap on re-lending loans to Kazakh...

The Export-Import Bank of Korea (Ex-Im Bank) announced Monday it has raised the ceiling on its relending facilities for two…

#bank#banks#exports


Row over small-business loans

The government and commercial banks are lashing each other over the issue of financial support for small- and medium-sized companies…

#banks#smes

Investment in Korea up in 2003

Foreign direct investment in Korea last year reached US$3.7 bn, which represented a 28 per cent increase compared to 2002,…

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