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Vneshtorgbank will lend small- and medium-sized businesses (SMEs) US$1bn this year, said bank head Andrey Kostin after a meeting with President Vladimir Putin last week. No Russian commercial bank currently has a small business lending programme of its own, though...
#bank#interest rates#small business
Business failures have fallen to their lowest level in two years, as business-to-business activity is set to overtake consumer spending…
Reinsurance intermediary Benfield Group plc said it placed a proportional programme for export and credit reinsurance in China that would…
An environmentally-friendly power plant in Malaysia, which received support from the Export Credits Guarantee Department (ECGD), is now successfully supplying…
The Bank of Canada cut interest rates for the first time in almost five months yesterday, citing the combined impact…
Moody's has assigned A3 long-term and P-2 short-term deposit ratings and a C Financial Strength Rating to Intermarket Bank AG…
Carl Cushnie, the founder of collapsed trade finance provider Versailles Group, threw a Christmas party five years ago for the…
VUB Bank – a member of Gruppo Banca Intesa – through its subsidiary VUB Factoring, has been providing its clients…
#bank#cash-flow#debt collection
The former finance director of Versailles Group will testify as a prosecution witness in the trial of Carl Cushnie, owner…
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
The Association of Banks in Malaysia chairman, Dr Rozali Mohamed Ali, said the association welcomed the government's call to look…
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
According to the December Ulster Bank PMI® survey of the Northern Ireland private sector economy for the month of December,…