MKB Factoring portfolio tops R1.0 bn

Credit Bank of Moscow (MKB) has increased the turnover of the debt it serves under factoring terms to R3bn since the start of the year, the MKB press service has reported.

MDM Bank raising US$500m loan in 2 tranches

MDM Bank is planning to start syndicating a US$500m loan this week. The bank will use the loan to develop its retail business and to finance small- and medium-sized enterprises (SMEs).

NBD Bank, FMO sign US$7.5m loan agreement

NBD Bank in Nizhny Novgorod and the Netherlands Development Finance Company FMO have signed a five-year loan agreement of US$7.5m, the bank said in a press release.

NFC factoring portfolio rose in 2006

National Factoring Company (NFC) saw quite strong dynamics in Q4 2006 with the gross portfolio of factoring advances up by US$63m over the period compared to an expected US$50m increase.