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Central bank reports rise in delinquent firms

The number of service businesses that defaulted on payments jumped last month. The Bank of Korea said yesterday that 401 firms of all kinds were delinquent in payments last month, up 27 per cent from January. Service businesses accounted for...

#bank

SVB Holdings PLC acquires trade credit insurer

SVB Holdings PLC, the specialist insurance and reinsurance group, today announces that it has acquired the business of Credit Indemnity…

#AON#financial services#reinsurance


ISME warns postal disruption will hit small business sector

The disruption to the postal services is already hitting small businesses hard and could result in redundancies within days, the…

#cash-flow#small business#small businesses


EXIM Bank to buy stake in Zambian Development Bank

The Export and Import Bank of India (EXIM Bank) is to pick up about a 20 per cent stake in…


SMEs take advantage of zero import tariff

Malaysian companies, especially small- and medium-sized enterprises (SMEs), have started to take advantage of the zero import tariff on Hong…

#economy#exports#GDP


SMEs expect higher revenue 2004, but not profit growth

Singapore's small- and medium-size enterprises (SMEs) are expecting an increase in sales this year, but they don't expect this to…

#Bill#international#regulation


Ex-Im Bank and SACE sign co-financing agreement – exporters...

The Export-Import Bank of the United States (Ex-Im Bank) and its Italian counterpart, Servizi Assicurativi del Commercio Estero (SACE S.p.a.),…


ASEAN-China investment fund launched to serve SMEs

The Swiss government, Asian Development Bank (ADB) and United Overseas Bank (UOB) launched an ASEAN-China investment fund on Friday as…

#ADB#bank#international


President urges bankers to accelerate lending to support economic...

Mexico's President Vicente Fox wants bankers to speed-up lending to support a nascent economic recovery, he told the Mexican Banking…

#bank#banks#conference


MPS Leasing & Factoring first full year net profit

Monte dei Paschi Leasing & Factoring (MPS) have announced a net profit of Ђ6m, and total commissions of Ђ4bn in…


Small businesses feel pinch

The Czech government had turned its back on small- and medium-sized enterprises (SMEs). The sector not only faces increased foreign…

#security#small businesses#smes


EBRD to raise credit for small businesses in Russia

The European Bank for Reconstruction and Development (EBRD) plans to increase loans to small business in Russia to US$2 billion…

Eximbank cuts export loan rates

State Minister Kursad Tuzmen has announced that Eximbank has cut its short-term lira export loan rates by two per cent…

#bank#exporters#interest

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