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DBP sets up e-market for SMEs’ receivables

The state-controlled Development Bank of the Philippines (DBP) will launch a new marketplace this month for receivables of small- and medium-sized enterprises (SMEs) to banks and insurance companies-the first of its kind in the country. DBP president Simon Paterno said...

#bank#banks#IBM

Banks braced for impact of bad SME loans

Local banks are bracing for more trouble - namely defaults by small-and medium-sized companies (SMEs) - after getting burned by…

#bank#bankruptcy#banks


2003 record breaking year for start-ups

According to Barclays' quarterly Start-ups and Closures report, 465,000 new companies were set up in 2003, the highest level since…

#bank#training


HSBC reports record year for new business

HSBC Invoice Finance (UK) Limited has reported profits before-tax of Ј59.69m for the year ending 31 December 2003, an increase…

#bank#funding#invoice


BDPME results show increased profit and reduced cost of...

France's bank for SMEs, Banque du Developpement des Petites et Moyens Entreprises (BDPME), registered an 8.6 per cent rise in…

#bank#risk#smes


MTB takes out 10 billion euro loan for SMEs

Magyar Takarйkszцvetkezeti Bank Rt (MTB) signed a deal with Kreditanstalt fьr Wiederaufbau (KfW), the German development bank, to take out…

#bank#investment#investments


SIDBI to set up Growth Fund for SME sector

The Small Industries Development Bank of India (SIDBI) has decided to set up a ‘Growth Fund’ to provide risk capital/…

#bank#financial institution#risk


MNB cuts its benchmark interest rate

The National Bank of Hungary (MNB) unexpectedly cut its benchmark interest rate a quarter percentage point. The Monetary Council lowered…

#bank#GDP#inflation


Austria's Oberbank enters the Czech SME banking market

Austria's Oberbank will be the first bank to enter the Czech market after the country joins the European Union. The…

#bank#First Bank#smes


R.G. Barry Corporation secures factoring and financing from CIT

R.G. Barry Corporation has announced that it has entered into a factoring and financing agreement with The CIT Group/Commercial Services…

#bank#CIT#CIT Commercial Services


European Investment Bank picks Kenyan intermediaries

The European Union has approved eight Kenyan banks as local intermediaries of the European Investment Bank (EIB). The approval means…

#African Development Bank#bank#capital requirements


First Business profits increase 273%

First Business Financial Services Inc., specialist in commercial banking, asset-based lending, commercial finance and leasing, reported net income of US$4.1…

#bank#commercial finance#financial services

After factoring acquisition, Desarrollo anticipates 10% increase in loan...

According to Estrategia, Chile's financial daily, Banco del Desarrollo is looking to up its loan portfolio 10% this year backed…

#acquisition#bank

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