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30% of firms reporting financial difficulties

“SMEs (small- and medium-size enterprises) are struggling with what they call their worst financial problems since the 1997 crisis, due to the economic slowdown and strengthening loan reviews” said Industrial Bank of Korea. Industrial Bank of Korea surveyed 2,000 companies...

World Bank supports e-business to increase productivity of small...

The World Bank approved a US$58.4 million loan to help increase competitiveness and growth of micro and small businesses in…


First half profit of SKK8.9 million for OB Heller...

The Slovak arm of the Czech bank CSOB showed a profit of SKK122 million in the first six months of…

#bank#leasing


Report claims recent late payment legislation is largely unenforceable...

An article by Graeme Forbes, head of corporate finance at Grant Thornton The business outlook for small- and medium-size enterprises…

#bank#Bank of England#invoice


US Ex-Im Bank finalising Iraq's credit insurance programme

The US Export-Import Bank's (Ex-Im Bank’s) acting chief operating officer (COO) said that his bank is finalising a credit insurance…


New name for Mediofactoring

Mediofactoring, Italy’s largest factoring company, has changed its name to Intesa Mediofactoring spa. The new style will bring more uniformity…


Commercial banks and private sector suggested amendments to the...

A joint meeting between commercial bankers and top representatives of the private sector has suggested wide-ranging amendments to the draft…


Sources of funding start to dry up

Spurned by major banks, many of Japan's small- and medium-sized enterprises (SMEs) have to depend on credit unions for financing.…


Quarter 2 company insolvency figures released

Statistics showing insolvencies in the second quarter 2003 are published today (1 August) by the Department of Trade and Industry.…


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…


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…

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