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Euler Hermes sees 88% jump in profits, largely powered...

French credit insurer Euler Hermes saw its 2003 net profit increase by 88 per cent to Ђ146.1m, although sales only increased by 1.9 per cent to Ђ1.86bn. The improved profits were largely due to its factoring branch, which went from...

Guarantee provided by IPI Financial Services to GMAC Commercial...

IP Innovations Financial Services, Inc., a provider of specialised financial guarantees and credit enhancements, has successfully assisted GMAC Commercial Finance…


Financial Secretary expected to present friendly first budget, say...

Hong Kong Financial Secretary Henry Tang is expected to leave taxes and fees frozen when he presents a "market friendly"…

#bank#banks#Boost


National revenue up 14.7% in 2003

China's national revenue exceeded 2 trillion yuan for the first time to reach 2.1691 trillion yuan in 2003, said Minister…


Strong exports power manufacturing upturn

Strong exports have been powering the manufacturing industry upturn, the state-funded Korea Development Institute (KDI) has reported. It said economic…


Canbank Factors investment opportunity

The fixed deposit programme of Canbank Factors, a subsidiary of Canara Bank, is open for investment. Schemes and features Canbank…


SMEs and consumers help likely bank loan growth by...

Bank loans may grow by about 6 per cent this year, the strongest yet six years after the regional financial…


CEO says Desarrollo to up loans 7% this year,...

Chilean bank Banco del Desarrollo is planning to up its total loan portfolio 7% this year. The bank will see…

#bank#commercial lending#Credit Agricole


Poor jobs news and weak economic growth hopes balanced...

The feeble job growth in the government's February employment report surprised economists and made the markets shudder, but the prospect…

#exporters#interest rates#management


President of factoring company seeks reversal of court order...

The president of MX Factors, the Riverside-based firm accused of operating a Ponzi scheme, is seeking to overturn the court…


SME's funding vehicle speeds on for Welsh businesses

A flagship funding programme aimed at supporting the expansion of small and medium-sized enterprises has been given the green light…

#AIG#funding#i


EU unveils start-up commitments

The European Commission (EC) has published its blueprint for the future of enterprise in Europe. The Enterprise Action Plan describes…

#Access to Finance#Boost#European Commission

EBRD to provide US$15m to develop leasing schemes in...

The European Bank for Reconstruction and Development (EBRD) will put US$15 million into a project to develop the leasing of…

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