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Lithuania's Snoras Bank posts sharply increased Ђ3m profit for...

Snoras, Lithuania's fourth-biggest commercial bank, posted an audited net profit of 10.55m litas(Ђ3.057 m)for 2002, compared to 4.51 m litas for 2001. The audited profit of the Snoras group reached 10.28m litas last year, up by 270 per cent compared...

#3M#bank#financial services

Hebros Bank builds SME ties to build a leading...

Hebros Bank completed the first stage of their national education campaign about bank credit financing offered to small- and medium-sized…


Taskforce calls on UK government to reimburse ECGC of...

The Taskforce on Project Exports, set up by Prime Minister’s Office in June 2002, has recommended in its report that…


Venture Finance fund Spicer-Hallfield buy-out

Spicer Hallfield, the Bucks-based manufacturer of photographic albums and frames, has been acquired through a management buy-in/buy-out. Funding was provided…

#API#Flexible Funding#invoice


HSBC’s ‘Focus on SMEs’; outdoing the big boys

SMEs have come through the recent slowdown relatively unscathed. Not only is the financial performance of SMEs already improving, but…


The ACCA’s view on the pros and cons of...

Small and Medium-sized Enterprises (SMEs) are increasingly overlooking business loans in favour of costly credit facilities to solve short-term cash…


Business failures rise by 16 per cent

German business bankruptcies rose 16 per cent last year in another token of the country's gloomy economy, government data showed.…

#bankruptcy#banks#economy


EquiFin signs letter of intent to acquire Celtic Capital...

EquiFin, Inc, has announced the signing of a non-binding letter of intent to acquire Celtic Capital Corporation, a privately held…


Euler Hermes Group rating lowered to A+

Standard & Poor's Ratings Services has lowered to 'A+' from 'AA-' its long-term counter-party credit and insurer financial strength ratings…

#Allianz#insolvencies#international


Capital Bank Cashflow Finance Limited reports profit for 2002

Capital Bank Cashflow Finance Limited has released its annual accounts for the year ended 2002. The company recorded a profit…

#bank#cash-flow#interest


Exporters challenge credit insurers over Latin American risk assessment

Credit managers of companies exporting to Latin America have accused credit insurers of failing to back them up and being…

#bad debts#exporters#exports


Troubled Finance Credit Limited has released figures for 2001

Finance Credit Limited has released its year ended 31 December 2001 report and financial statement. The report shows that the…

#alternative funding#funding#trade

Iraq conflict claims early commercial casualties

All credit insurance cover by Export Credit Guarantee Corporation of India Ltd. (ECGC) on exports to Iraq is likely to…

#exporters#exports#guarantee

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