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SME lending projected to double this year

Small- and medium-sized enterprises (SME) will apply for far more loans than last year, according to a survey conducted by Hungary's second largest bank Kereskedelmi & Hitelbank (K+H), deputy chief executive of K+H, Laszlo Diosi, said on Wednesday (May 12)....

#bank#SME lending#SME loans

Merger on hold for Credit Agricole’s factoring unit

The factoring divisions of French banking groups, Credit Agricole and Credit Lyonnais, have made considerably less progress in merging than…


Miami factoring scam – four plead guilty

Four men pleaded guilty to defrauding a Portuguese bank branch of US$170m through a sophisticated conspiracy that lasted nearly a…

#bank#Bill#Paid


Singapore bank lacks factoring presence, despite BoA buy –...

The 22bn baht purchase of an 80 per cent stake in the Bank of Asia by United Overseas Bank (UOB),…

#acquisition#bank#banks


Chief executive of UK factor resigns ahead of interim...

Potential Finance Group plc, the UK finance company, says the benefits of a recent restructuring of operations first outlined last…

#commercial finance#factoring industry#interest


Equifax launches web-based debt and fraud tool for SMEs

Equifax Plc, the business information provider, has launched eDecision, an online credit application processing and scoring solution aimed at providing…

#Equifax#fraud detection#risk


Over a third of SMEs paid same invoice twice...

Many small businesses are throwing money down the drain by accidentally paying bills twice, with some companies losing up to…


Business failures fall to a six-year low

The number of businesses going bust is set to fall to a six-year low by the end of 2005 as…

#insolvency#international#International Trade


UK asset finance volumes set to outstrip US, Germany

The use of equipment investment and leasing is predicted to grow in the US, the UK and Germany in 2004,…

#cash-flow#financial services#leasing


Small businesses to benefit from Sh2.7bn funding

Kenya's fast growing small- and medium-sized enterprises are to receive a crucial boost from World Bank restructuring funding to the…

#bank#international#management


Chinese exporters urged to increase credit insurance cover

Chinese exporters of farm produce were urged today (May 12) to have their US$16bn worth of agricultural products covered by…

#export credit insurance#exporters#exports


GE on verge of $2bn deal for rival’s commercial...

GE is close to buying the commercial finance portfolio of Boeing Capital Corporation for about $2bn. The disposal of the…

Merrill Lynch vows to grow SME loan provision

Merrill Lynch, the largest US securities firm in terms of number of stockbrokers, is hiring salespeople to make loans to…

#commercial finance#conference#economy

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