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VTB raises $95m from French bank syndicate

Vneshtorgbank (VTB) has signed a credit agreement with the French banks Societe Generale and BCEN Eurobank in Paris, a deal that nets VTB loans totalling $95m, a VTB press release says. Some of the funds VTB has raised are for...

#bank#banks#Commercial Credit

GE Commercial Finance rings the changes

GE Commercial Finance, the equipment, receivables and leasing finance group has appointed Christopher Perretta, 46, vice president and chief information…


World Factoring Yearbook 2004 – Asia Section now available...

The new and up-to-date analyses of seven Asian factoring markets from the World Factoring Yearbook 2004 are now available to…


SME industry expands

The role of the small- and medium-sized enterprises (SMEs) sector in the Bulgarian economy is growing, the chairman of the…

#banks#economy#guarantees


Bulgaria's base interest rate falls

The base interest rate in Bulgaria has been reduced to 2.40 per cent – a decrease of 40 basis points,…

#bank#interest#interest rate


Start-ups receive credit management guidance

The Better Payment Practice Group (BPPG) has launched a new section on its website, www.payontime.co.uk, designed to help the 170,000…


Foreign investment in first six months

In the first half of 2004, a total Ђ422m was invested by foreign companies in Hungary through the Hungarian Investment…

#3M#investment#trade


SME credit ceiling of National Bank raised

The State Bank of Pakistan (SBP) has raised small- and medium-sized enterprises (SMEs) credit ceiling of state-controlled National Bank of…

#bank#international#management


Factor’s shares surge 16pc on first day trading

Shares of Dhanamitr Factoring (DM) have surged THB2.30, or 16 per cent, to THB16.60 on its first trading day, buoyed…


Seek factoring to fund your working capital, says expert

If Bangladesh wants to attain steady growth in its SME sectors, it should urgently introduce a new financial service like…


Achim Schmidt talks to BCR about the most important...

Enterprise Finance Europe (EFE) started its business activities in 2002 as a 100 per cent subsidiary company of the Bank…

Metal trader secures factoring deal

Leman Ukraine, the Kiev-based metal trader, has secured a factoring deal worth UAH 8.5m. Ukrsotsbank, the Ukrainian bank, will provide…

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