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Central Bank increases key interest rates

Cyprus Central Bank Governor announced that the Monetary Policy Committee (MPC) decided to increase the key interest rates by one percentage point, bringing the marginal lending facility to 5.5 per cent and the overnight deposit facility to 3.5 per cent....

#bank#interest#interest rates

FDI in Bulgaria down by 60 per cent

Foreign direct investments (FDI) in Bulgaria have gone down by nearly 60.5 per cent over the first two months of…

#bank#investments#Two


FBI arrests women on factoring fraud charges

Federal prosecutors say that a woman was arrested on Friday on a 15-count indictment alleging she sold fake invoices to…

#factoring fraud#fake invoices


Banorte Q1 profits climb but factoring profits slump

Profits at Mexico's fourth-largest banking group Grupo Financiero Banorte (GF Banorte) widened year-on-year 5.7% to 559m pesos (US$49m) in the…


Corfo earmarked US$80m for SMEs in 2003, outlines plans...

Chile's state business development agency Corfo has reported that it issued more than 50bn pesos (US$80m) in loans last year…

#investment#smes#Vice president


Credit insurance and factoring in Germany – a report

After a wave of consolidation, only three major sources provide private export credit insurance cover in Germany… To read a…

#export credit insurance#exporters#trade


EU enlargement catches Scottish SMEs unprepared

According to those trying to push the economic benefits of enlargement of the European Union from 15 to 25 member…

#exports#financial services#forum


AMF approves Natexis withdrawal bid for Coface

France's financial markets authority (AMF) has approved French bank Natexis Banques Populaires' public withdrawal offer for French credit insurance group…


Small business finance 'strong', says BoE

According to the eleventh - and final - report on finance for small firms, "there was little evidence of smaller…

#bank#Bank of England#business finance


Bank of Korea warns of increased financial risks for...

The Central Bank of Korea (BOK) on Monday predicted there could be a series of bankruptcies of small companies and…

#bank#exports#international


Deloitte warns of increased threat of money laundering after...

Financial institutions should be on the lookout for a potential surge in the proceeds of crime passing when the EU…


Union condemns Lloyds TSB closure of Bournemouth asset finance...

The finance union UNIFI described the announcement of 270 job losses within Asset Finance, the finance house arm of Lloyds…

#banks#insurance#Jobs

Insolvency laws linked to demand for venture capital

Academics have established a link between changes to legal and tax conditions and demand for venture capital from entrepreneurs. John…

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