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MNB cuts its benchmark interest rate

The National Bank of Hungary (MNB) unexpectedly cut its benchmark interest rate a quarter percentage point. The Monetary Council lowered the two-week deposit rate to 12.25% from 12.5%, the first cut since January 16, 2003. The MNB almost doubled the...

#bank#GDP#inflation

Austria's Oberbank enters the Czech SME banking market

Austria's Oberbank will be the first bank to enter the Czech market after the country joins the European Union. The…

#bank#First Bank#smes


FDI inflow slows in January

The inflow of foreign direct investment (FDI) in Bulgaria for January 2004 totalled US$ 39.5 million (0.2 per cent of…

#GDP#investment


ECGD announces new procedures to combat bribery and corruption...

Strengthened procedures to minimise the risk of bribery and corruption on business deals supported by the Export Credits Guarantee Department…


Price may cause Government to drop currency swap deal...

The government said it may dump the proposed currency swap deal with the Asian Development Bank if the multilateral agency…


The international factoring industry is warned of the increasing...

The ‘Eternal City’ of Rome was the setting for Europe’s premier meeting of 120 top factoring and asset-based finance industry…


SMEs in line for free IT training

Thousands of small businesses could be entitled to free IT training following the expansion of a government-sponsored skills initiative announced…


Dynamic Commercial Finance preliminary results

Dynamic Commercial Finance plc (DCF) have released preliminary results for the year to 31 December 2003, reporting a first full…


GE Commercial Finance commits $30 million of debtor-in-possession financing

FiberMark Inc, a leading producer of specialty fibre-based materials, announced yesterday that it has filed voluntary petitions to reorganize under…

#bankruptcy#commercial finance#economy


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…


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…

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