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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
Local banks are bracing for more trouble - namely defaults by small-and medium-sized companies (SMEs) - after getting burned by…
#bank#bankruptcy#banks
According to Barclays' quarterly Start-ups and Closures report, 465,000 new companies were set up in 2003, the highest level since…
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HSBC Invoice Finance (UK) Limited has reported profits before-tax of Ј59.69m for the year ending 31 December 2003, an increase…
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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
Magyar Takarйkszцvetkezeti Bank Rt (MTB) signed a deal with Kreditanstalt fьr Wiederaufbau (KfW), the German development bank, to take out…
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The Small Industries Development Bank of India (SIDBI) has decided to set up a ‘Growth Fund’ to provide risk capital/…
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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 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 has announced that it has entered into a factoring and financing agreement with The CIT Group/Commercial Services…
#bank#CIT#CIT Commercial Services
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 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
According to Estrategia, Chile's financial daily, Banco del Desarrollo is looking to up its loan portfolio 10% this year backed…
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