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European Investment Bank picks Kenyan intermediaries

The European Union has approved eight Kenyan banks as local intermediaries of the European Investment Bank (EIB). The approval means Barclays Bank of Kenya, Standard Chartered Bank, Development Bank, Kenya Commercial Bank (KCB), Stanbic Bank, Industrial Development Bank (IDB), East...

#African Development Bank#bank#capital requirements

John Major to be questioned in Mayflower audit inquiry

John Major, the former Conservative Prime Minister, faces questioning by the City watchdog over a Ј20 million black hole at…


VAT fraud helped to take 11bn euro toll on...

The huge VAT fraud on computer parts sales to Britain helped knock more than Ђ11bn off Irish exports last year,…

#economy#exports#i


UK engineers power to multi-million pound Algerian contract with...

A British specialist engineering company based in Lincoln is supplying 15 gas turbine units to Algeria's oil pipeline sector in…


Registration deadline for new and improved FDA certificate

The FDA Certificate course is an excellent way of helping key staff build their knowledge and understanding of the industry…

#invoice


First Business profits increase 273%

First Business Financial Services Inc., specialist in commercial banking, asset-based lending, commercial finance and leasing, reported net income of US$4.1…

#bank#commercial finance#financial services


FIMBank becomes second largest shareholder in India-based factoring company

In a company announcement on Friday, the directors of First International Merchant Bank (FIMBank) announced that it has agreed the…


After factoring acquisition, Desarrollo anticipates 10% increase in loan...

According to Estrategia, Chile's financial daily, Banco del Desarrollo is looking to up its loan portfolio 10% this year backed…

#acquisition#bank


Syrian textiles, apparel producers in a tangle

The textile and apparel sector is tied to the state's monopoly in ginning and exposed simultaneously to an indiscriminate marketplace.…

#exporters#exports#global trade


Chinese central bank hints at further tightening

China's central bank said that further measures might be needed to slow credit growth after it tightened monetary policy by…

#bank#Bank of China#banks


DTI denies accusations of insolvency own goal

The Department of Trade (DTI) has launched a detailed rebuttal of research that concluded the recent overhaul of corporate insolvency…


Low share price sought for Banca Comerciala Romana’s staff

The Privatisation Authority's (APAPS) commission conducting the privatisation process of Banca Comerciala Romana has asked its legal consultant, Nestor&Nestor, to…

Small firms' default rate rising

The lengthy economic slump has led to growing overdue small- and medium-size companies (SME) loans. According to financial sources, the…

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