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Euler Hermes supports turnaround culture

There is a perception in the turnaround and recovery profession that consulting with a credit insurer and highlighting that a business is in trouble will result in the credit insurer immediately pulling cover, explains Mike Feldwick, head of Risk Information...

#Allianz#banks#financial institutions

World Bank gives 3.5bn cedi to SMEs through Ghana...

The World Bank presented the second tranche of prizes to 21 small- and medium-sized enterprises (SMEs) whose projects and business…

#bank#banks#international


Trade finance solution gets united push

Denmark's open economy, where foreign trade accounts for about two-thirds of the country's gross domestic product (GDP) (more…)

#bank#banks#trade


NIB signs top AIB analyst to develop invoice discounting...

National Irish Bank said he will be responsible for developing the asset finance and invoice discounting business across (more…)

#acquisition#bank#banks


Central bank increases key rates

The top board of the Slovak Central Bank (NBS) increased the basic interest rate by (more…)

#bank#banks#inflation


Fleet One Factoring names president

Fleet One LLC has hired a new president of Fleet One Factoring, a provider of custom accounts receivable financing programmes.…

#banks#SunTrust#Vice president


Non-bank financial business profits increase in Q1

Hungary's non-bank financial businesses, such as leasing and factoring companies, had combined pre-tax profit of  (more…)

#bank#banks#interest


Banks lend US$27m during SME event

Mexican banks have granted pesos 294m (US$27.1m) in loans to small- and medium-sized enterprises (SMEs) during Semana Pyme 2006 (more…)

#banks#smes


Fed hikes interest rates; further increases possible

The Federal Reserve raised its key interest rate a quarter point to  the highest level in five years. The funds…

#bank#banks#inflation


Davenham boosts its assets

Davenham Asset Finance, an independent asset based lender to the UK small- to medium-sized enterprise (SME) sector, has boosted its…

#banks#Business Development Manager#i


Banks may get time to meet Basel II norms

Commercial banks may get to heave a sigh of relief with the Reserve Bank of India (RBI) planning to extend…

#bank#banks#risk


SME ratings yet to catch on, say bankers

CRISIL has tied up with seven banks and SMERA has tied up with 14, so far,  to extend ratings to…

#bank#banks#interest

Online Factoring Market turnover increases

Financial consultancy Adossag Borze's Online Factoring Market saw the listing of receivables with a nominal value of HUF10.9bn (more…)

#banks#management#online factoring

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