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Parex Bankas forecasts falling profits; will focus on SMEs...

Latvian-controlled Parex Bankas projects a LTL 4.9 million (Ђ1.4m) profit this year, a 19 per cent drop from LTL 6 million (Ђ1.4m) last year. According to the bank’s shareholders, they doubled their net profit in 2003, compared to LTL 2.8...

#bank#smes

MFI-bank loan syndication needed for SME growth

Lack of access to credit is the main problem facing SMEs that provide over 87 per cent of total industrial…


National Bank of Canada lowers prime rate

The National Bank of Canada has lowered its prime rate from 4.00 % to 3.75 %, effective today. National Bank…

#bank#financial services#smes


DCD Factors report turnover up 7% in 2003

DCD Factors plc, the London-based factor and invoice discounter, has released results for the twelve months to 31 December 2003…

#bank#invoice


Atradius launches new credit insurance policies

With the number of UK small business insolvencies still rising* and an estimated 10,000 UK businesses failing because of bad…


Raiffeisen Bank deal for SMEs

Raiffeisen Bank and the European Investment Fund (EIF) have signed a Ђ40m accord to guarantee loans for Romanian small- and…


Venture Finance expands with launch of Newcastle office

Venture Finance PLC, the asset-based financier, today extends its support for small- and medium-sized companies (SMEs) in the North East…

#insolvency#invoice#management


Standard Chartered launches international receivables finance and signs credit...

China Export & Credit Insurance Corp (Sinosure) has signed a landmark deal with Standard Chartered Bank (SCB) to jointly offer…

#bank#exporters#international


International Factors (Singapore) appoints new chief

International Factors (Singapore) (IFS)- now controlled by Lim Hua Min's Phillip Securities - has a new chief. In a statement…

#international#WHO


Scotland’s new debt register costs revealed

Scotland's new Debt Arrangement Schemes will protect creditors from judgment enforcement except in special circumstances. The schemes will apply where…

#WHO


UNISAME champions factoring

The Union of Small & Medium Enterprises (UNISAME) has drawn the attention of bankers to the fact that most SMEs’…

#bank#banks#cash-flow


Factoring debt repayment failure led to Mayflower fall

Mayflower Corporation failed for four years to make full payments to HSBC, which was operating an invoice-discounting scheme on its…

SME Invoice Finance profits top Ј400k

SME Invoice Finance Limited has announced results for the financial year to December 2003 following their annual audit undertaken by…

#invoice#management

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