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Working capital finance is getting squeezed, says bank chief

One result of China's macroeconomic adjustments is working capital loans are being squeezed slightly more than investment loans, the head of the central bank said this week. People's Bank of China Governor Zhou Xiaochuan said China's macroeconomic policies have so...

#bank#conference#guarantees

Alpha Bank reports 34pc increase in factoring

Alpha Bank, the Greek finance group and owner of the country’s largest factor – ABC Factors – has reported a…

#bank#smes


SME cash flow crisis – banks told to give...

The Financial Supervisory Commission (FSC) has this week pressed financial institutions not to aggressively retrieve loans extended to small- and…

#banks#cash-flow#economic recovery


Credit insurer guarantees Ђ40m import finance deal

Hermes, the credit insurer, is to cover a Ђ40m import finance deal between Russian bank Vneshtorgbank (VTB) and German finance…


GE Commercial Finance invests US$220m in India’s mid-market sector

GE Commercial Finance (GECF), the business-to-business financial services arm of US conglomerate General Electric, said it will invest up to…


Government to spend US$80m to aid SMEs

The Korean government yesterday unveiled a set of measures aimed at bolstering the competitiveness of small- and midsize enterprises (SMEs)…

#economic recovery#guarantee#liquidity


Commercial finance portal appoints relationship manager

Xbridge, the commercial finance portal, has appointed an e-commerce manager to oversee relationships between mid-market clients, factors, asset finance providers…

#banks#channel#commercial finance


Chasing unpaid invoices – advice on hand from payments...

The Better Payment Practice Group (BPPG) has provided new guidance for businesses struggling to get paid by customers who seem…


Bolero automates Letter of Credit service

Financial supply chain platform Bolero has extended its Web-based trade finance suite to incorporate Letter of Credit Advices. The service…

#bank#Bolero#digital


Interest rate hike will wreck SME growth, finds UK...

Small businesses fear that further hikes in interest rates will prove disastrous for their firms, according to UK factoring and…


Largest independent factor targets low-cost import factoring

Canbank Factors, India’s largest independent factor by market share, is planning to offer import factoring in the country, as a…

#bank#global trade#L/C


Slovak exporters to sell receivables to Italian factor

UniBanka will start taking over the receivables of Slovak exporters to Italian customers. The bank will purchase receivables maturing within…

China’s EXIC steps in with US$29m credit insurance for...

China’s Export-Credit Insurance Corporation (EXIC) will provide US$29m in credit insurance, which will cover the financing of a soda plant…

#3M#insurance#investment

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