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Global

Low bank interest rates challenge demand for state SME...

The state-initiated SMEs Venture Capital Fund, managed by One Asset Management Co, is concerned about growing competition from banks as a source of funds for small- and medium-sized enterprises (SMEs). Many of the fund's potential clients have instead sought financing...

Lloyds TSB reports increased profits in factoring and commercial...

Lloyds TSB Group’s Wholesale Markets sector, which includes Lloyds TSB Commercial Finance and Alex Lawrie Factors, has reported a pre-tax…


Private sector banks now willing to take risk on...

The small- and medium-size enterprise (SME) sector has been regarded as typically `high risk and high delinquency' in banking circles.…


Accord Financial posts strong second quarter operating results

Accord Financial Corp, the Toronto-based provider of factoring and asset-based financial services has announced its unaudited consolidated financial results for…


SME Development Bank announces first half results

The Small and Medium Enterprise Development Bank of Thailand (SMED Bank) announced that new lending in the first six months…

#bank#guarantee#guarantees


Euler Hermes authorised to cover medium to large company...

International credit insurance company Euler Hermes plans to target large- and medium-sized corporations in Mexico according to country manager Roger…

#3M#bank#international


IFC assists Commercial International Bank to develop finance facilities...

The International Finance Corporation (IFC) has signed an advisory services mandate to assist Egypt’s leading private financial institution, Commercial International…

#bank#financial institution#financial services


Economy fear grips SMEs

Twice-yearly research by the Small Business Research Trust and Natwest bank shows that red tape is no longer small firms'…

#bank#international#International Trade


Allianz' Euler Hermes first half results show increased turnover

Allianz AG Holding announced consolidated turnover of Ђ936.8m in its Euler Hermes credit insurance unit in the first six months…

#3M#Allianz#Boost


Eurofactor turnover down in first six months

Eurofactor, a strategic division of the Allianz group, suffered a steep fall in commissions received in the first six months…

#3M#Allianz#interest


Independent Growth Finance expands further in the West Midlands

Independent Growth Finance (IGF) continues to grow its team in the Midlands with the appointment of Mike Bailey as regional…

#bank#IGF#insolvency


SME confidence plunges in July – Top-100 latest report

Small- and medium-size enterprise (SME) confidence was down on the month according to the latest business confidence report of research…

Banca Comerciala Romana named Best Romanian Bank 2002

The Romanian Commercial Bank (BCR) has been named "Best Romanian Bank" for 2002, by UK financial magazine Euromoney. The bank…

#bank

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