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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 its lending target of 30 billion baht for the year. The rate cut, which will take effect from 1 August,...

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


Niche banks to begin business in 2004

Four new banks are considering opening niche operations in Chile in 2004. This will increase the degree of banking services…

#banking services#banks#financial services


RBS Commercial Services strengthens team in the South West...

The Royal Bank of Scotland Commercial Services (RBSCS), the invoice finance arm of The Royal Bank of Scotland, has today…

#bank#commercial finance#financial services


Cattles beefs up regional teams and appoints audit manager

Following a continued period of growth, Cattles Invoice Finance has made three additions to its team with new appointments in…

Siam City Bank profits surge before loan loss provisioning

Siam City Bank reported first-half pre-provisioning profits of 3.54 billion baht, well up from 2.25 billion last year. President Apisak…

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