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Global Analysis

Small firms to get Sh4bn credit from World Bank

An estimated 22,000 small- and medium- sized enterprises (SMEs) in Kenya will benefit from Sh4bn credit from the World Bank. The credit to be channelled through the International Finance Corporation (IFC) and the Ministry of Trade and Industry will assist...

#bank#international#management

Canadian agency grants Pearl 2 project funds to Philippines...

The Canadian International Development Agency (CIDA) will grant P9.5 million (US$175,000) to the Philippines to promote small- and medium-sized enterprises…

#exporters#funding#international


Fortis reports soaring operating profit 2004

Fortis has released its full year 2004 results today reporting net operating profit before realised capital gains increased by 25%…

#bank#commercial finance#insurance


Euler Hermes announces consolidated net profit 2004 shows “sharp...

Following the Supervisory Board meeting that examined the group financial statements on 4 March 4 2005, Clemens von Weichs, chairman…


Crйdit Agricole seeks to strengthen factoring activities in Europe

Jean Laurent, chief executive of CrйditAgricole, France's biggest bank by assets, yesterday said it would hunt for acquisitions to strengthen…

#acquisition#bad debts#bank


India offers Africa export credit line

According to foreign minister Natwar Singh, India is to pay special attention to Africa and will start economic co-operation. In…

#bank#conference#exports


Japan’s UFJ Bank launches factoring services for Vietnamese exporters

Japan's UFJ Bank has announced that it will begin its factoring service for exporters later this month. The bank will…


Almost 40,000 companies turn to invoice finance for cash...

FDA Annual Figures released this week show that factoring and invoice discounting has now become a Ј132 billion industry. FDA…


Fortis Lease Group acquires Austria Finanza and Austrolease, the...

Fortis and Bank Austria Creditanstalt Leasing reached an agreement under which Fortis Lease Group will acquire BA-CA Leasing's Italian activities,…

#acquisition#bank#financial services


Credito y Caucion prepares for expansion

Spanish credit insurance company Credito y Caucion is on the verge of receiving authorisation to set up operations in Brazil.…

#Atradius#insurance#Two


Coface 2004 – factoring business increasing 13%

Consolidated turnover rose 4.3% to 1,130.8 million euros (1.2% at constant consolidation scope and exchange rates) The loss ratio registered…


Exim Bank likely to pick stakes in African bank

Export Import (Exim) Bank of India is likely to pick up an equity stake in Development Bank of Mauritius (DBM),…

Iran expects US$500m investment from Indian SMEs

Iranian Chamber of Commerce said it is expecting an investment of US$500m by Indian small- and medium-sized enterprises (SMEs) in…

#international#investment#smes

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