Small and Medium Enterprises Development Agency (SMEDAN), has reached agreement with the United Nations Development Programme (UNDP), in Nigeria for greater support to the development of small- and medium-sized enterprises (SMEs).
EXIM Bank governor Ladislav Vaskovic has announced that the Slovak EXIM Bank has reduced its base rate for refinancing loans, to 2.7 per cent.
Factoring Slovenskej Sporitelne (Factoring SLSP) reported a turnover of Skk5,188 bn (Ђ129.8m) in H1 of 2004. Its share of total factoring turnover in Slovakia was 45 per cent.
The Labor, Social Affairs and Family Center (UPSVR) distributed altogether SKK1.738 bn last year as a non refundable subsidy for small- and medium-sized enterprises (SMEs).
The Slovak Guarantee and Development Bank (SZRB) made a profit before tax of SKK 276.09 million (Ђ6.93m) in the first half of this year, compared with SKK 200.93 million (Ђ5.04m) it reported for the same period of 2003.
The average interest rate of bank loans drawn down in June fell by 0.23 per centage points, compared to May, to 8.54 per cent. The average interest rate of drawn loans by the corporate sector fell by 0.30 percentage points to 8.21 per cent.
Turnover of OB Heller Factoring, a.s. Bratislava reached Sk2.2bn in the first half of 2004.
UniBanka will start taking over the receivables of Slovak exporters to Italian customers.
The bank will purchase receivables maturing within 180 days for up to 95 per cent of their face value.
Factoring as a form of financing is facing strong competition from bank loans. Despite this, it attracts more and more supporters.
The Slovak arm of CSOB provided loans of SKK2.5 billion (Ђ62m) to small- and medium-sized businesses (SMEs) last year.
