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Inverlink to open bank targeted at SMEs

Chilean financial group Inverlink plans to file for a banking license before year-end with a view to opening a bank in 2003. The bank will focus on middle-class individuals and small-and medium-sized enterprises (SMEs). Inverlink president Eduardo Monasterio was quoted...

SIFC aims is for larger number of smaller loans...

By speeding up approvals over the next six weeks, the Small Industry Finance Corporation (SIFC) expects to reach its lending…

#economy#small businesses#smes


SME fund manager, One Asset, comes under attack.

The managers of a state venture capital fund for small business have failed in their mission and should be dismissed,…

#liquidity#management#small business


EquiFin reports Q3 2002 and nine month financial results

EquiFin, Inc. (AMEX:II AND II,WS), today reported third quarter and nine-month results for the period ended September 30, 2002. EquiFin,…

#AMEX#compliance


Brazil hikes prime rate to crush inflationary pressures

For the second time in two months, Brazil's central bank increased its prime lending rate, this time by a percentage…

#bank#Bank of America#economy


Transamerica sets up wholesale financing joint venture with Brunswick

Transamerica Distribution Finance, a global provider of inventory finance, accounts receivable finance, and asset-based lending services and Brunswick Corporation (NYSE:…

#accounts receivable finance#financial institutions#Inventory finance


Norwegian receivables finance company hit by allegations of massive...

The owners of Finance Credit Norge ASA, Trond G. Kristofferson ceo and Torgeir Stensrud chairman, have been remanded in custody…


Credit Cooperatif in deal over its factoring and venture...

French bank Credit Cooperatif has acquired a 2 per cent stake in the capital of the national bank that heads…

#bank


SMEs slow to implement better payment practices

Latest research from the Credit Management Research Centre (CMRC) at Leeds University Business School, and member of the Better Payment…


Factor 21 plc enjoys successful first financial year

Factor 21 plc has released its financial statement for the year ended 30 June 2002. The company, formed on 1…


Receivables management firms form global strategic alliance

Intrum Justitia, with operations in 21 European countries, and D&B Receivable Management Services (D&B RMS) with offices in the United…


Smaller firms still in grip of trade gloom

THE UK recovery suffered a setback today after a survey showed how small and medium-sized manufacturers were continuing to suffer…

#smes#trade

Economy Ministry at work on more radical package for...

The Economy Ministry is preparing to launch a new program of initiatives designed to support small and medium sized enterprises…

#economy#GDP#poland

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