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US Bank Business Credit grants $20m asset-based facility to...

US Bank Business Credit is the agent of a $20 million senior secured credit facility to Tai Foong USA, an importer of pre-packaged shrimp and other seafood. The new facility consists of a $20 million revolving credit facility based on...

#bank#cash management#management

Small business to get loans worth US$1bn

Vneshtorgbank will lend small- and medium-sized businesses (SMEs) US$1bn this year, said bank head Andrey Kostin after a meeting with…

#bank#interest rates#small business


Business failures at their lowest for two years

Business failures have fallen to their lowest level in two years, as business-to-business activity is set to overtake consumer spending…


Benfield brokers trade credit reinsurance treaty in China

Reinsurance intermediary Benfield Group plc said it placed a proportional programme for export and credit reinsurance in China that would…


Environmentally-friendly plant powers Malaysia with first-ever triple ECA support

An environmentally-friendly power plant in Malaysia, which received support from the Export Credits Guarantee Department (ECGD), is now successfully supplying…


Interest rates fall again

The Bank of Canada cut interest rates for the first time in almost five months yesterday, citing the combined impact…


Moody's – stable outlook for Intermarket Bank AG

Moody's has assigned A3 long-term and P-2 short-term deposit ratings and a C Financial Strength Rating to Intermarket Bank AG…


'False promises' made at Versailles

Carl Cushnie, the founder of collapsed trade finance provider Versailles Group, threw a Christmas party five years ago for the…


An interview with Mr. Miroslav Bernat, CEO of VUB...

VUB Bank – a member of Gruppo Banca Intesa – through its subsidiary VUB Factoring, has been providing its clients…

#bank#cash-flow#debt collection


Versailles Group director will testify for prosecution

The former finance director of Versailles Group will testify as a prosecution witness in the trial of Carl Cushnie, owner…


Exim Bank of India extends credit line to Sudan

Export-Import Bank of India (Exim Bank) has extended a US$50 million line of credit to Sudan. The credit line is…

#bank#Exim Bank


Association to help SMEs get funds

The Association of Banks in Malaysia chairman, Dr Rozali Mohamed Ali, said the association welcomed the government's call to look…

EU aims to make life easier for cross-border SMEs

Despite making up the bulk of service providers, many small- and medium-sized enterprises (SMEs) are at the moment failing to…

#European Commission#financial services#security

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