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Tourism sparks rush for credit by SMEs

Hong Kong's small- and medium-sized enterprises (SMEs) are calling on their bankers for more credit to fund their growing business on mainland China - providing one of the few growth spots in an otherwise lacklustre local lending market, according to...

#bank#funding#interest rates

Most SMEs have no idea of tax change implications

Despite the importance of the government's current proposals for corporation tax reform, labeled "the biggest shake-up in ten years", research…

#small business#smes


Astra foundation to increase SME assistance

Astra International's Dharma Bhakti Astra Foundation (YDBA) will provide Rp20bn (US$2.3m) in technical assistance to small- and medium-sized enterprises (SMEs)…

#3M#bank#international


EIB grants EUR 50 million facility to MFB

The European Investment Bank (EIB) has signed an agreement with the state-owned Hungarian Development Bank (MFB) on a Ђ50 million…


Complete financing solution for UK importers launched

GMAC Commercial Finance plc (GMAC CF) and Bank Leumi (UK) plc have launched new finance packages for UK importers, Total…


Experian enhances anti-money laundering offering

Experian®, the global business solutions company, has secured exclusive rights to online sanctions and enforcement data, provided by Complinet, to…


CSOB obtains EIB loan for business investment

Ceskoslovenska Obchodni Banka (CSOB) and its subsidiary CSOB Leasing have received a loan of Ђ50m (CZK 1.6 bn) from the…

#bank#investment#leasing


Late payment legislation viewed as a deterrent by businesses

Research conducted by the Better Payment Practice Group (BPPG) during October indicates that the overwhelming perception of the Late Payment…

#Clear#interest#late payment


USDA offers supplier credit guarantees for export sales to...

The US Department of Agriculture (USDA) has authorized US$75 million in supplier credit guarantees for sales of US agricultural commodities…

#exporters#exports#guarantee


Bail granted to bank fraud executives

A judge granted bail to two brothers accused of defrauding a Portuguese bank branch out of $170 million that was…

#bank#Paid#risks


STB sets aside funds from profits for SMEs

Standard Trust Bank (STB) has set aside over N600 million of its profits for small- and medium-sized enterprises (SMEs) development…


SME sentiment indicator tumbles in November

The BPLG/AFP indicator of sentiment in the French small- and medium-sized business (SME) sector fell to 10 in November from…

#investments

New factoring joint venture

Natexis Factorem, the factoring unit of French banking group Natexis Banques Populaires, has acquired a 51 per cent stake in…

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