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BNR cut the intervention rate to 12.5%

The administration board of BNR (National Bank of Romania) has decided to reduce, by two percentage points, the intervention interest rate, which would go down to 12.5 per cent. This is the 4th cut this year and it is also...

#bank#inflation#interest rate

Mitsui Sumitomo Insurance makes inroads into credit insurance market

Mitsui Sumitomo Insurance Bhd expects to underwrite between RM1 million and RM3 million worth of premiums for its credit insurance…

#bank#export credit insurance#insurance


Exim Bank extends US$5m credit line to African bank

The Export Import Bank of India (Exim Bank) has extended US$5m line of Credit (LOC) to Eastern and Southern African…

#bank#Boost#Exim Bank


Malaysia's bank for SMEs to start operations in October

A bank for small- and medium-sized enterprises (SMEs) will start operations in October Deputy Prime Minister Najib Abdul Razak said.…

#bank#banks#SME loans


UK business confidence rises

Four out of ten business owners in the UK (40%) feel more confident about the economic prospects in the next…

#bank#banks#economy


HSBC plans plunge into unsecured lending to SMEs

HSBC proposes to launch unsecured lending to small- and medium-sized enterprises (SMEs) by July this year. The foreign bank, which…

#bank#bonds#receivables


The Banking Association Debtor Financing Committee industry statistics 2004

The Banking Association Debtor Financing Committee has released South African members’ factoring industry statistics for the year to 31 December…

#bank#international#invoice


Maybank aims for 14% growth in SME loans

Maybank aims to achieve 14 per cent loan growth for the small- and medium-sized enterprise (SME) sector this year, executive…

#alternative financing#bank#cash management


Fortis to acquire Turkey's seventh largest privately owned bank

Fortis and Disbank's majority shareholders - Dogan Group, Dogan family and two funds - yesterday signed an agreement by which…

#bank#international#management


Switzerland to provide US$100m in SME loans

The Swiss government signed a Memorandum of Understanding (MoU) with its Indonesian counterpart to facilitate access to credit for small-…

#bank#conference#international


ADB acquires stakes of China's leading private credit guarantee...

The Asian Development Bank (ADB) signed a contract Friday with a Chinese firm to become a minority shareholder in China's…

#ADB#bank#credit risk


Barclays to buy 51% in Fiat's Iveco Finance Holdings...

Fiat SpA said that its commercial vehicle unit Iveco and Barclays PLC unit Barclays Asset and Sales Finance have reached…

#bank#GDP#leasing

Singapore govt, DBS to provide SGD 300m in loans...

Spring Singapore, International Exchange Singapore and DBS Bank have launched a government-backed financing scheme that will provide SGD 300m in…

#bank#DBS#DBS Bank

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