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World Bank launches Small Grants Programme

The World Bank Sofia Office has announced the start of its Small Grants Programme 2004 in Bulgaria. The Small Grants Programme's purpose is to provide financial support for the implementation of innovative projects that promote civic entrepreneurial initiatives. The financial...

#bank#World Bank

I was deceived, says Cushnie

Lawyers for Carl Cushnie, the founder of collapsed FTSE 250 company Versailles, said the executive chairman had himself been deceived…


CIT reports 9.8% increase in Q4 earnings

CIT Group posted a higher fourth-quarter profit, citing growth in its financing and leasing portfolio and a smaller proportion of…

#CIT#leasing


Banks ready to call in personal guarantees after ruling

Small-business owners who gave personal guarantees to banks as security from June 2001 and later went into liquidation face the…


India’s Exim Bank extends credit to Polish bank to...

Export-Import Bank of India (Exim Bank) has extended a line of credit (LOC) of US$10 million to Bank Gospodarstwa Krajowego…


US threatens to pull out of Basel II agreement

Proposals for global capital standards among national and international banks are again in turmoil after the head of the powerful…

#banks#credit risk#forum


Euler Hermes Collections appointed affinity benefit provider by British...

Euler Hermes Collections UK Limited, one of the UK’s leading commercial debt collection agencies, has been appointed the preferred affinity…

#debt collection#late payment#management


Regulator rejects Banco Progreso licence request

Chile's banking regulator SBIF has announced its rejection of a banking licence request from Banco Progreso. Progreso plans to offer…


Fraud and insolvency – the insolvency practitioners’ powers to...

An article by James Earp, Partner, Grant Thornton Fraud and insolvency often go hand in hand with the perpetrators deliberately…


Representative office of LDA to open in Hamburg

A representative office of the Latvian Development Agency (LDA) will opened in Hamburg on 29 January. The objective of the…


Euler Hermes reinforces its presence in the Nordic countries

The world leader in credit insurance has confirmed reports of its takeover of the Finnish Credit Insurance Company (FCIC) (see…

#Allianz#guarantees#insolvency


Survey reveals the untapped potential of credit insurance

UK companies using credit insurance may not be taking full advantage of the wider business benefits, according to a survey…

Fraud savings reach new high in 2003

The members of CIFAS have reported they prevented fraud losses of Ј487 million by sharing information on fraudsters through the…

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