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SME bank reports spectacular profit increase, plans to expand

The Nord/LB Polska bank, which serves small- and medium-sized companies (SMEs), made a profit of almost zl.5 million (Ђ1.125m) during the first half of this year, nearly four times more than it earned during the whole of 2003. The outstanding...

#bank#Boost#Nord/LB

Deputy Finance Minister highlights drawbacks of SMEs

Lack of initiative to gather helpful information has been identified as one of the main drawbacks of Malaysia's small- and…

#bank#interest#smes


BCI to open Hong Kong office

Chile's third-largest private-sector bank BCI plans to open an office in Hong Kong at the end of the year, according…

#bank#international#Letters of Credit


Karl-Joachim Lubitz, spokesman of the Deutsche Factoring Bank, talks...

BCR talks to Deutsche Factoring Bank spokesman, Karl Joachim Lubitz about the most significant issues in the German factoring market…

#bank#guarantees#international


Consolidated factoring and leasing company to be restructured

CFX Financial Services (CFXFS), the new owners of the Leasing Company of Zimbabwe (LCZ), an erstwhile Century Holdings Limited subsidiary,…

#asset management#bank#financial services


Foreign banks in Shanghai more competitive – CBRC

Foreign capital banks in Shanghai are becoming increasingly competitive as shown by faster increases in deposits and loans than their…

#bank#cash management#international


Man pleads guilty in Espirito Santo factoring fraud

The former president of a computing company pleaded guilty yesterday to his role in a US$170 million scheme to defraud…

#bank#factoring fraud#MAN


Atradius branch to offer credit insurance services

The world's second-largest credit insurer, Atradius Credit Insurance of the Netherlands, will soon begin selling insurance in Poland through a…

#Atradius#bank#Deutsche Bank


1,000 SMEs’ expansion to be supported by new loan...

Special bank credits totalling 10 billion yuan (US$1.2 bn) will be granted to small- and medium-sized enterprises (SMEs) in East…

#bank#creativity#GDP


SMEs owing mainly to banks

Small- and medium-sized enterprises (SMEs) have been found, on average, to owe debts to fewer than four financial institutions, the…

#bank#banks#financial institutions


HSBC offers high-speed SME loan decisions

HSBC claims it can now decide loan facilities below Lm 25,000 within 60 minutes. The offer is part of the…

#bank#cash-flow#conference


SME banks avoid ban on new branches

The central bank's policy-making Monetary Board has approved a proposal to lift the moratorium on new bank branches provided that…

#bank#regulation#SME lending

Market leader in sales of SBA loans to SMEs

Bridge Bank, a market leader among independent banks in sales of the US Small Business Administration (SBA) loans in Northern…

#bank#cash management#management

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