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Innovative financing sought for small scale industries sector

The Credit Guarantee Fund Trust for Small Industries (CGTSI), set up by the Government of India and the Small Industries Development Bank of India (SIDBI), has called for innovative financing tools to pep up inflows of finance into the small-scale...

#bank#interest rates#management

Lending to SMEs tumbles in three months to May

Kookmin Bank, Korea's largest lender, lowered this year's target growth rates for corporate loans to less than 5 per cent,…

#bank#banks#leasing


Pound soars as BoE holds rates and European Central...

Businesses were hit by a double whammy yesterday as the Bank of England refused to cut interest rates and the…

#bank#Bank of England#exports


Standard & Poor’s downgrades Kookmin Bank's Outlook Rating over...

Standard & Poor's Ratings Services (S&P) announced yesterday that it had downgraded its outlook on the long-term credit rating for…

#bank#risks#smes


Record attendance at FDA annual dinner and awards

Having attended eight out of the last nine FDA dinners I can tell you this year’s event, which was at…

#awards#bank#invoice


State bank working for new regulation for SMEs

State Bank of Pakistan (SBP) governor, Dr. Ishrat Husain, said the central bank was working on new prudential regulations that…

#bank#exports#regulation


Asian Development Bank to assign US$150 million to Pakistan...

The Asian Development Bank (ADB) has pledged US$150 million in assistance to Pakistan to restructure and develop its small- and…

#ADB#Asian Development Bank#bank


Resona bailout causing concern to SMEs

In Tokyo, the US$17bn bail out of Resona bank is being hailed as a promising first step towards fixing Japan's…

#bank#financial services#smes


Fortis Bank wins withdrawal of rogue website set up...

A few days ago Fortis Bank detected a fraudulent site called ‘Fortisexpressbank.com’ on which improper use was made of its…

#bank#financial institutions#financial services


BBVA teams up with an insurer to launch product...

In an unusual move, BBVA Seguros, the insurance subsidiary of Spain's second largest bank, BBVA, has teamed up with an…

#bank#BBVA#insurance


Small Enterprise Development Corporation hit by financial crisis

The Small Enterprise Development Corporation (Sedco), which is facing serious financial constraints, could be forced to further downsize its operations…

#bank#funding#small businesses


Laurentian Bank of Canada’s Commercial Financial Services sector reports...

Laurentian Bank of Canada’s Commercial Financial Services segment reported a net income of $4.5 million (compared to $6.9 net income…

#bank#financial services#leasing

Eurofactor the first to focus on Wales with a...

Eurofactor Thames Valley, the Reading-based business finance experts are to become the first organisation to deliver a full range of…

#bank#business finance#international

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