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Sale of receivables facilitates debt guarantee

Fitch Ratings has upgraded and removed from Rating Watch Positive Transamerica Finance Corp.'s (TFC) senior debt to 'AA-' from 'A' and subordinated debt to 'A+' from 'A-'. Fitch also affirmed TFC's 'F1+' commercial paper (CP) rating. The subordinated debt rating...

Kuwait firm to pick up 14% stake in Oman...

Global Investment House, one of the leading investment majors in Kuwait, which is listed on the Kuwait Stock Exchange, will…


Government keeps door open to Bancomext-Nafin merger

Mexico's government has kept the door open to a possible merger involving Ex-Im bank Bancomext and small business development bank…

#bank#banks#small business


London Scottish factoring profits increase

London Scottish Bank, parent of London Scottish Invoice Finance Ltd (formerly Isis Factors plc and Sygnet Invoice Finance Ltd), has…


Euler Hermes acquires full ownership of Finland's FCIC

Euler Hermes, the credit insurance unit of Assurances Generales de France (AGF), said it has acquired full ownership of Finland's…

#insurance#receivables#risks


Three quarters of firms will be updating credit management...

According to a poll conducted on the Better Payment Practice Group (BPPG) website during December, 75 per cent of firms…

#cash-flow#Clear#late payment


Boynton CRA director reprimanded over factored invoice

In September, Community Redevelopment Agency (CRA) executive director Doug Hutchinson signed an invoice promising US$9,000 to factoring company A/R Funding…

#funding#invoice#Paid


Insurance cover needed for banks & DFIs lending to...

Commercial banks and development financial institutions (DFIs) are not financing small- & medium-sized enterprises (SMEs) as they are not secured…


Exim Bank lending totals 2003 announced

According to a state media report, President Yang Zilin of the Export-Import Bank of China (Exim Bank) announced a total…

#bank#Bank of China#Exim Bank


EXIM Bank offers US$64m to Philippines for infrastructure projects

The Export-Import Bank of Korea (EXIM Bank) announced yesterday that it had signed a contract with the Philippine government to…


SMEs per capita rising

The number of small- and medium-sized enterprises (SMEs) per capita in Bulgaria is close to that in the countries from…


German dairy companies’ credit insurance cover limits losses following...

Many German dairy companies are expecting to be affected by the scandal involving Parmalat, the Italian food group. In particular,…

SME Bank expects loans to jump 28.5%

The Small and Medium Enterprise Development Bank of Thailand (SME Bank) predicts its credit line will jump 28.5% to 36…

#bank#economy#financial institution

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