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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 the three and six months ended June 30, 2003. Factoring volume rose 14% to C$333m in the second quarter of...

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


KL to work closely with Tokyo to boost SME...

Malaysia will work closely with Japan to develop its small- and medium- sized enterprises (SMEs), in light of the business…


Taageer Finance lease and factoring income doubles in first...

Taageer Finance Company SAOC, the youngest non-banking finance company in Oman, reported a 2.7 times jump in its net profit…

#bank#investment#leasing

Institute predicts economy will shrink this year – small...

RWI, the German economic research institute, forecasts that Germany's economy will shrink by 0.2 per cent this year, but predicts…

#economy#German economy#investments

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