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Global

Bank of China’s international factoring surges 800% in first...

The international service of the Bank of China rose greatly in the first six months of this year. The bank's international factoring service rose by 832.23 per cent year-on-year in the first half. International settlement hit a record high, US$29.614...

#bank#Bank of China#international

Government loans to SMEs hit P11.8 billion

The government has announced that it has already released P11.8 billion worth of loans to the country's micro-, small- and…

#bank#guarantee#small business


Former communist bloc capital cities are set to show...

The pace of economic growth in former communist bloc countries is set to progress at an impressive rate over the…


Bank lending to SMEs up 17.8% in 2002

Second Finance Minister Datuk Dr Jamaludin Jarjis said bank lending to small- and medium-scale enterprises (SMEs) increased by 17.8% last…

#bank#investment#risks


SME Bank cuts lending and factoring rates

The SME Development Bank (SME Bank) has cut lending rates in a bid to help the country's newest bank meet…


The VAT trap

The Finance Bill now includes two new measures to combat VAT Supply Carousel Fraud but with potentially wider effect. The…


Vietcombank provides US$32 million for SME loans

The Viet Nam Foreign Bank (Vietcombank) has pledged about US$32 million in loans this year to help small- and medium-sized…

#bank#risks#SME loans


CIT Group names new president and reorganisation of senior...

CIT Group Inc (CIT) has announced that from 3 September 2003 Jeffrey M. Peek will become the company's president and…

#CIT#Credit Suisse#financial services


Prvi Faktor, a new name for LB Factors

LB Factors, factoring druћba, d.o.o. has changed its name to PRVI FAKTOR, faktoring druћba, d.o.o (meaning first factor) after Slovenska…

#AR#i#invoice


Eurofactor (UK) open regional office in Birmingham

Eurofactor (UK) Limited, an independent specialist in factoring and invoice discounting, has appointed Gerry Donnelly to head up its new…


Equifax warns businesses that re-verification of existing customers is...

Leading information provider, Equifax, is warning financial organisations that the burden of money laundering on businesses will not be reduced…

#anti-money laundering#management#regulation


Business school throws light on SMEs in China

A new DVD teaching tool, produced by the University of Otago’s School of Business in New Zealand, casts new light…

Deadline extended in the search for fastest-growing SME in...

The search to find Wales's fastest-growing small- and medium-size enterprises (SMEs), ranked by turnover, has been extended due to unprecedented…

#conference#forum#invoice

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