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SME Bank restructures after fraud

The Small and Medium Enterprise Development Bank of Thailand (SME Bank) has entered into a major organisational restructuring process after corrupt practices at provincial branches were discovered. Many complaints about shady deals and irregularities had been filed with the bank,...

#bank#debt collection#economy

Botswana Export Credit Insurance runs new CEDA product

Citizen Entrepreneurial Development Agency (CEDA) has a new product called CEDA Credit Guarantee Scheme (CCGS), which encourages private sector participation…

#bank#export credit insurance#guarantee


Government adopts programme to fight money laundering

The Ukrainian government and the National Bank have endorsed a programme for 2004 on fighting the legalisation of income obtained…

#bank#guarantee#international


US Bank Business Credit grants $20m asset-based facility to...

US Bank Business Credit is the agent of a $20 million senior secured credit facility to Tai Foong USA, an…

#bank#cash management#management


Small business to get loans worth US$1bn

Vneshtorgbank will lend small- and medium-sized businesses (SMEs) US$1bn this year, said bank head Andrey Kostin after a meeting with…

#bank#interest rates#small business


An interview with Mr. Miroslav Bernat, CEO of VUB...

VUB Bank – a member of Gruppo Banca Intesa – through its subsidiary VUB Factoring, has been providing its clients…

#bank#cash-flow#debt collection


Exim Bank of India extends credit line to Sudan

Export-Import Bank of India (Exim Bank) has extended a US$50 million line of credit to Sudan. The credit line is…

#bank#Exim Bank


Fortis Commercial Finance Limited appoints leading industry expert as...

Fortis Commercial Finance is delighted to announce the arrival of Tim Corbett as its new managing director. Tim joins Fortis…

#bank#commercial finance#international


HSBC launches corporate banking centres to serve the mid-corporate...

Today, HSBC Bank launches a new network of 22 Corporate Banking Centres throughout the UK aimed at the mid-corporate sector.…

#bank#Clear#Corporate banking


Toprak Factoring joins Altэnbaю group

Toprak Factoring A.Ю., which was taken over by the Banking Regulation and Supervisory Agency (BRSA) in 2001, has announced that…

#bank#banks#investment


Confidence muted but renewed

As with most outlooks for venture capital in 2004, there is renewed optimism for the start-up and early-stage sectors, although…

#bank#funding#management


Central Bank lowers refinancing rate

The Central Bank of Russia has lowered the refinancing rate to 14% from 16% as of 15 January. The Central…

#bank

Coface optimistic about UK trading prospects in 2004

Steady growth, combined with dynamic public and private spending has prompted Coface to remove the UK from its negative watchlist.…

#bank#Bank of England#exporters

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