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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) in a bid to boost its asset base of transportation funding. Speaking to the press here today, Citibank's Group Executive,...

#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…


Italian minister says Italy to increase investments in Bosnian...

Italy intends to keep the role of the first foreign trade partner of Bosnia and Herzegovina (BiH) and increase investments…


Netherford Factors Ltd attribute downturn in profit to tough...

Netherford Factors, a factoring company that specialises in providing factoring services to suppliers of the media industry, has reported a…

#Clear#digital


SIDBI to run $40m support fund for SMEs

THE Small Industries Development Bank of India (SIDBI) will shortly make available a $40 million support fund for small enterprises,…

#bank#guarantee#guarantee scheme

Finance business, GMAC, shines as General Motors unveils Q4...

"General Motors Acceptance Corporation, or GMAC, achieved its eighth-consecutive year of earnings growth and fourth straight year of record earnings…

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