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Trade Finance company, Versailles’, chiefs sentenced

Carl Cushnie and Fred Clough, the former chairman and finance director of Versailles, the trade finance house, were each sentenced to six years in prison yesterday for masterminding a Ј150 million fraud described by the presiding judge as “one of...

Ukreximbank signs loan deal with UBS

Ukraine's state export and import bank Ukreximbank has signed a loan agreement worth CHF50 million (Ђ33m) with Switzerland's UBS AG…


Ombudsman Wang Liming outlines government willingness to support SMEs

The ombudsman of the small- and medium-sized enterprise (SME) office of the State Development and Reform Commission, Wang Liming, said…

#conference#guarantee#guarantees


Competition in the factoring market intensifies

The chairman of the board of Nordea Finance Latvia, Maris Skujins, predicts that the factoring portfolio in Latvia could reach…

#exporters#interest#interest rates


Pekao thinks big by targeting smaller sized businesses

Bank Pekao SA has announced plans to increase its operations in servicing the small- and medium-sized enterprise (SME) sector, taking…

#bank#banks


CSOB arm division provides SKK2.5bn in SME loans; expects...

The Slovak arm of CSOB provided loans of SKK2.5 billion (Ђ62m) to small- and medium-sized businesses (SMEs) last year. The…


Small Debt Resolution Scheme gets 102 applications for aid...

The Small Debt Resolution Scheme set up by Bank Negara Malaysia has received 102 applications from small- and medium-sized enterprises…

#bank#guarantee#interest rates


Kasikornbank set to increase SME lending

Kasikornbank plans to increase its lending activities to small- and medium-sized enterprises (SMEs) by participating in various government support programmes.…


SME stock market’s first IPO oversubscribed

The first stock to be listed on the new stock market for small- and medium-sized enterprises (SMEs) started initial public…


Banks exposed to SME default risk

Due to growing uncertainties over a recovery of the domestic economy, the loans extended to small- and medium-sized enterprises (SME)…

#banks#risk#risks


Financial pressure beyond regulation will drive progress of risk...

From Herbert Lohneiss, Chief Executive Officer, Siemens Financial Services, Munich It is undeniable that good risk management practices are woefully…


Banks compete for SME market

The rising demand for loans from small- and medium-sized enterprises (SMEs) has intensified competition among the largest banks, which have…

#bank#banks#economy

Government takes steps to strengthen financial support for SMEs

The government has taken a series of measures, including enacting related laws and regulations, giving stronger financial support and accelerating…

#conference#exports#GDP

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