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Commerzbank will today announce it is buying Bavaria's loss-making SchmidtBank for between Ђ60m (US$75m) and Ђ70m, providing a glimmer of hope for the long-promised consolidation of Germany's fragmented banking sector. Commerzbank has held a 16 per cent stake in SchmidtBank...
Banque Libanaise pour le Commerce (BLC) will be the first bank in Lebanon to provide micro credit loans to small…
Hernando De Soto, a Peruvian economist, at the invitation of President Gen Peervez Musharraf, delivered a lecture on Monday on…
#financial institutions#guarantee#MAN
The Factors and Discounters Association (FDA) has released industry figures for quarter four and full year 2003. Total client sales…
#import factoring#invoice
Venture Finance has announced the promotion of Cliff Meek to regional director of Structured Finance in the Midlands, based in…
#funding#i#management
J. Joseph Grandmaison, a board member of the Export-Import Bank of the United States (Ex-Im Bank), described the benefits of…
#bank#conference#investment
Prototype will be featured at BCR’s European Factoring Conference, Rome, 17-19 March JMH Demica today announced the launch of Citadel…
China has two organisations providing official export credit support: the China Eximbank, which was established in 1994 and China Export…
#bank#exporters#exports
The Hyderabad Software Exporters Association (HYSEA) is setting up a fund with support from state governments, non-resident Indians (NRIs) and…
#exporters#smes#software
Siam City Bank has sold a 48.16 per cent stake (8,668,800 shares) held in Siam City Factoring at 0.35 bt…
#3M#bank
Export Credit Guarantee Corporation of India Ltd (ECGC), now beefed up with a higher equity base, has identified factoring services…
Brazilian federal bank Banco do Brasil (BB) boosted export lending under its Proex programme by 17% in January to US$9.6m,…
The World Bank and Turkey have signed a US$303m Export Finance Intermediation Loan (EFIL) Agreement. The agreement was signed by…