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Government plans regulatory overhaul of insurance industry

Guatemala's government is drafting legislation that would provide a new regulatory framework for the insurance industry, an official from the banking and insurance regulator said. Legislation will be submitted to congress this year and hopefully a new law will be...

#Bill#insurance#investments

Bank specialising in serving SMEs to list on Nasdaq

Bridge Bank, Santa Clara County's newest full-service business bank today announced that it has been approved to list its securities…


DTI to relax collateral requirements on SMEs

The Department of Trade and Industry will relax the collateral requirement on microbusinesses and small and medium enterprises (SMEs) for…

#assignment#risk#smes


Citibank to focus on SMEs through transportation funding

Citibank has bought out portfolios of over Rs 1,000 crore in the last 14 months from non-banking financial companies (NBFCs)…

#bank#banks#funding


Chilean unit of Coface reports increase in income

The Chilean unit of French credit insurance company Coface saw its premiums grow 34% during 2002 and booked net income…


No improvement in payment times of PLCs

The findings also raise questions about economic prospects for The Federation of Small Businesses (FSB) published payment-performance tables for over…

#late payment#management#payment delays


Scottish business failures rise 6.4%

The number of business failures in Scotland increased by 6.4% last year to the highest level for nine years, according…

#economy


Factoring company plans 30 per cent leasing portfolio growth...

Hanza Lizings leasing and factoring company expects 30 percent leasing portfolio growth this year, company director Artis Birkmanis told reporters.…


Factoring activities contribute to Sterling Bancorp’s increase in profit

Sterling Bancorp, in its announcement of company figures for year ended 31 December 2002, attributed its increase in non-interest income…


New Director of Finance for UK’s leading credit insurer

Euler Trade Indemnity, the UK’s leading credit insurer, today announced the appointment of Fabrice Desnos as its Director of Finance.…


Japanese discover novel ways of raising capital for SMEs

The Osaka prefectural government has turned to Lehman Brothers and Daiwa Bank in a novel securitisation deal, as it attempts…

Fairfax Gerrard Holding Limited expects substantial growth

David Ross, managing director of Fairfax Gerrard Holding Limited, a company which provides finance against transactions to the construction industry…

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