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Credit scoring and factoring boosts lending to SMEs

New credit scoring techniques have paved the way for unsecured lending in the small- and medium-sized business (SME) sector, which has recorded 23 per cent growth as a result, HSBC says. “By using credit scoring we have been able to...

Ex-Im Bank backs sale of US flood-forecasting equipment to...

A US$38.7 million Export-Import Bank of the United States (Ex-Im Bank) loan guarantee will enable Romania to buy equipment, technology…


ECGC credit risk policies to have NIC marine cover

The Export Credit Guarantee Corporation of India (ECGC) and National Insurance Company Ltd have decided to unite to provide marine…


Santander buys DnB’s Elcon

Spanish bank Grupo Santander gained a foothold in the Nordic region on Wednesday by buying Elcon, a leading Scandinavian finance…


Better Payment Practice Group appoints new chairman

The Better Payment Practice Group (BPPG) has announced the appointment of Dr Richard Wilson, business policy executive at the Institute…


UK Matrix Group acquires private equity business from GLE

UK Matrix Group has agreed to acquire the private equity arm of Greater London Enterprise, GLE Development Capital (GLEDC). Matrix…


R.G. Barry Corporation secures factoring and financing from CIT

R.G. Barry Corporation has announced that it has entered into a factoring and financing agreement with The CIT Group/Commercial Services…

#bank#CIT#CIT Commercial Services


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…

#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

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