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Banks lending even more to SMEs

Despite the sharp rise in the ratio of overdue loans outstanding at small- and medium-sized companies (SMEs) this year, domestic banks lent even more to SMEs last month, according to the Bank of Korea. The central bank, in its report...

Small business sector liquidity remains strong

Data on banks lending to and deposit taking from small businesses for 2003 showed a healthy picture in the sector,…


FIMBank strategy adds factoring to core product offering

First International Merchant Bank p.l.c. (FIMBank) Group Chairman, Mr Najeeb H.M. Al-Saleh, gave an overview and outlined FIMBank's achievements during…


Laiki Factoring says turnover up in Q1

Laiki Factoring, a subsidiary of Laiki Bank (Hellas) SA, has said its turnover in the first four months of 2004…


Santander Central Hispano sells factoring and leasing business

Santander Central Hispano (SCH) is to sell the leasing and factoring businesses of Norway's Elcon Finans to French banking group…


Insolvencies in the first quarter 2004

Statistics showing insolvencies in the first quarter 2004 were published today by the Department of Trade and Industry (DTI). COMPANY…

#insolvencies#trade


World Bank sets aside US$225m for African SMEs

International Finance Corporation (IFC), the private sector lending arm of the World Bank, has unveiled plans that would see East…


Capital Factors names new western regional manager

Capital Factors, Inc., one of America’s leading factoring companies, announced the appointment of veteran factoring executive Harold I. Dundish as…


Why factoring could be about to take off in...

“Factoring in Romania is still at an early stage: the beginnings go back only to 1995 when one of the…


GE Commercial Finance Ltd appoints new regional manager, South...

GE Commercial Finance Ltd. (GECF), a leading UK provider of business finance solutions, today announced the appointment of Anthony Newman…

#ACCA#business finance#commercial finance


New Atradius CEO announced

Wilfried Verstraete, has been appointed as the new CEO and Chairman of the Management Board of Atradius, a leader in…

#Atradius#international#management


IIG Capital LLC grants US$3m receivables credit facility to...

IIG Capital LLC, the New York-based trade finance company, has provided a US$3 million credit facility to Genio Group, Inc,…

Phare to share out EUR 58 million among SMEs

A new EU accession country investment fund (Phare) launched on April 30, is ready to grant EUR 58 million to…

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