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Banks lend US$3.9bn to SMEs, Jan-Jul

The banking sector channelled credits totalling Rp35.9 trillion (US$3.9bn) to small- and medium-enterprises (SMEs) in the January-July period this year, Deputy Governor of the central bank (Bank Indonesia-BI) Miranda Gultom said. She said that the amount accounted for about 93.3...

#bank#banks#GDP

Banks expected to post record yearly net profit

South Korean banks will likely post a record high net income of more than 7trillion won (about US$6.1bn) this year…

#bad debts#bank#banks


Ex-Im Bank backs US exports to Mexico's PEMEX for...

The Export-Import Bank of the United States (Ex-Im Bank) today approved a US$400 m long-term loan guarantee to support the…

#bank#emerging markets#exporters


Nafin back in black with US$10m profit in first...

Mexico's largest development bank Nacional Financiero (Nafin) reported first half net income of 113m pesos (US$9.9m), compared to losses of…

#bank#banks#business finance


Commercial Financing and Management Firm teams up with US...

Ardaini & Associates has agreed to join the US Global Marketing Advisory Board, providing management consulting and commercial financing services.…

#bank#international#management


Indian Sbi-Canara bank Jv begins operations in Moscow

The Commercial Bank of India LLC (CBI), a joint venture between public sector Canara Bank (BSE:CNBK) and State Bank of…

#bank#guarantees#SBI


MicroFinancial secures US$30m line of credit from CIT

MicroFinancial Incorporated (NYSE:MFI) announced today that it has arranged for a three year, US$30mn senior secured revolving line of credit…

#bank#CIT#CIT Commercial Services


Exporters must do their homework or they could face...

British exporters must do their homework before targeting new overseas markets or they could end up with slow paying customers…

#Atradius#bank#Deutsche Bank


S Kumars to raise US$150m to repay rupee debt

S Kumars Nationwide Ltd (SKNL) is planning to repay its rupee debt by raising US$150m (close to Rs 700 crore…

#bank#cash-flow#guarantee


EBRD allocates US$2m to support Tajik entrepreneurship

Under an agreement signed between the European Bank for Reconstruction and Development (EBRD) and the Tojiksodirotbank, the EBRD will help…

#bank#interest#interest rate


Government keeps tabs on SMEs’ financial woes

Minister of Finance and Economy Lee Hun-jai has ordered senior ministry officials to step up efforts to keep liquidity problems…

#bank#liquidity#smes


Factoring improves steelworks’ liquidity

After three quarters, Huta Ferrum steelworks is to present satisfactory results, says Jan Waszczak, the company's president. However, the company…

#bank#factoring contract#ING

UBA sets aside N1bn for SME loans

Malam Aliyu Dikko, managing director of the United Bank for Africa (UBA), announced that the bank has set aside N1bn…

#bank#SME loans#smes

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