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Galicia aims to boost SME clients by 40%

Argentine bank Galicia is aiming to boost its number of small-and medium-sized enterprise (SMEs) clients some 40% to 38,000 by the end of next year, compared to its current SME client portfolio, according to the bank's senior VP of corporate...

London Scottish Bank says progress continues in second half

London Scottish Bank Group says its factoring and leasing divisions have continued to progress during the second half. Whilst the…


China agrees to set US$ 500 million credit line...

China will provide a credit line of US$ 500 million to Pakistan on a soft-term basis, which would be utilised…


Banks receive US$50m line of credit from South Korea’s...

South Korea's Eximbank is to open a line of credit for Vneshtorgbank (VTB) and Gazprombank to extend short-term trade finance…

#bank#Exim Bank#trade


Gimhae promotes exports of mid-sized companies in Eastern Europe

A delegation promoting exports from medium-size businesses in Gimhae, South Gyeongsang Province, have signed provisional contracts worth US$19m with importers…

#exports


Interest rate rise could threaten SMEs growth plans

Despite being the first increase in almost four years, last week’s interest rate rise of 0.25 per cent to 3.75…


New British trade mission seeks business opportunities

Representatives of 16 British companies led by the London Chamber of Commerce and Industry (LCCI) will visit Romania from10 to…


Bantec to sell factoring unit

Costa Rican financial group Consorcio Bantec plans to sell its factoring unit in order to address a liquidity shortfall of…

#bank#financial institution#i


Bibby’s takeover of Abbey National supports consolidation view

Bibby’s purchase of the factoring arm of Abbey National is another step towards their goal of becoming the largest global…

#acquisition#poland#Two


Cattles funds enterprising entrepreneurs

Funding from Cattles Invoice Finance has enabled four Leeds-based entrepreneurs to set up their own sheet metal engineering business after…

#cash-flow#funding#invoice


First SMEs logistics base to open next year

Starting in January next year, Korea's first logistics base for small- and medium-sized enterprises (SMEs) is to go into operation…


Enterprise Finance Europe (UK) first year results

Enterprise Finance Europe (UK) Ltd, a wholly owned subsidiary of Enterprise Finance Europe and part of the Bank of Ireland…

'Every small business in Russia has a foreign bank...

Russia is expecting a net private capital flight of more than US$13 billion in the last six months of this…

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