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Malaysian banks to adopt two-phase approach to Basel II

Malaysian banks will adopt a two-phase approach in complying with the Basel II Capital Accord, says Bank Negara Malaysia’s governor. The first phase will begin in January 2008 when all banks are expected to adopt a standardised approach to credit...

#bank#banks#risk

Regional businesses in dire need of reform

The 14th International Scientific Conference, entitled “Development Horizons for Small- and Medium-Sized Enterprises” (SMEs), was held on 13 April. The…

#bank#conference#international


Atradius opens branch in the Czech Republic

Atardius started operating officially in the Czech Republic yesterday. “We see enormous growth potential on the Czech market as the…

#Atradius#bank#Deutsche Bank


National Bank cuts interest rate

The National Bank of Hungary (MNB) cut its benchmark interest rate to 12 per cent, down from 12.25 per cent,…

#bank#European Commission#GDP


Parex Bankas forecasts falling profits; will focus on SMEs...

Latvian-controlled Parex Bankas projects a LTL 4.9 million (Ђ1.4m) profit this year, a 19 per cent drop from LTL 6…

#bank#smes


National Bank of Canada lowers prime rate

The National Bank of Canada has lowered its prime rate from 4.00 % to 3.75 %, effective today. National Bank…

#bank#financial services#smes


DCD Factors report turnover up 7% in 2003

DCD Factors plc, the London-based factor and invoice discounter, has released results for the twelve months to 31 December 2003…

#bank#invoice


Standard Chartered launches international receivables finance and signs credit...

China Export & Credit Insurance Corp (Sinosure) has signed a landmark deal with Standard Chartered Bank (SCB) to jointly offer…

#bank#exporters#international


UNISAME champions factoring

The Union of Small & Medium Enterprises (UNISAME) has drawn the attention of bankers to the fact that most SMEs’…

#bank#banks#cash-flow


SBP to educate banks on SME lending based on...

The State Bank of Pakistan (SBP) will pursue and educate commercial banks to extend loans to small- and medium-sized enterprises…

#bank#cash-flow#SME lending


MNB cuts rate as government trims spending

Hungary's central bank (MNB) unexpectedly cut its benchmark interest rate a quarter-point, reducing borrowing costs for the second time in…

#bank#Boost#interest


Atradius launches guide to help firms save lost profits

A free guide has been published to help firms save up to a third of their annual profits that is…

#Atradius#bank#invoice

FDI stock 31 billion euros

Total foreign direct investment (FDI) stock in Hungary has reached Ђ31 billion, says MNB’s managing director. Central Bank, MNB recalculated…

#bank#GDP#investment

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