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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 terms of acquisition of a 38.5 per cent shareholding in Global Trade Finance Private Ltd (GTF) for US$4.57 million. GTF,...

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…


EU unveils SME innovation package

EU ministers have unveiled a new multi-billion euro scheme to help small firms finance research programmes. The 'DETECT-it' project, unveiled…


Siam General Factoring Plc's buys expertise in merger

Siam General Factoring Plc's purchase of Global Thai Finance will bring financial expertise to the former and a backdoor listing…


Bibby Group of Factors announces new appointments

Bibby Factors, part of the Bibby Financial Services Group, has announced three appointments in the Northeast, West Midlands and Sussex…


The Royal Bank Of Scotland Commercial Services strengthens North...

The Royal Bank of Scotland Commercial Services (RBS Commercial Services), the invoice finance arm of The Royal Bank of Scotland,…

#bank#financial services#international


Slovenia sign deal to boost trade cooperation

Following the Joint Economic Commission (KEK) meeting in Ankara, Deputy Prime Minister Abdullatif Sener and Slovenian Economy Minister Tea Tapetrin…

#Boost#economy#investments

Bank Leumi USA appoints three experienced factors to New...

Bank Leumi USA yesterday announced the appointment of three vice presidents, Mitchell Meth, Ralph Mascia, and Mary Ellen Bianco, to…

#bank#CIT#exporters

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