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Government to use PHARE funds for SME loans

The Lithuanian Government has resolved to allocate the remaining LTL 29m from the PHARE assistance programmes (more…)

#banks#financial services#SME loans

Banco Internacional sees profits up 10% in 2006

Chilean bank Banco Internacional aims to boost 2006 profits 10% from 2.01bn pesos (US$3.87m) posted last year. Banco Internacional is…

#bank#Bank of America#banks


GM nearing deal on GMAC – WSJ

General Motors is reportedly nearing completion of a deal to sell a 51% stake of financing arm GMAC to a…

#acquisition#bank#banks


Bci allocates US$19m for SME refinancing

Chile's fourth largest bank Bci launched a 10bn-peso (US$19m) revolving facility to refinance debts of some 1,500 of its own…

#bank#banks#interest rates


Factoring volume to grow 25% in 2006 as more...

Chile's factoring industry will see business volume grow 25% this year due in part to new players entering the market…

#bank#Bank of America#banks


Cerberus's GMAC bid gathers steam

Cerberus Capital Management may secure funding for a potential bid on General Motors Corp.'s financing arm from its portfolio firm…

#bank#banks#commercial financing


Government to diversify credit guarantee rates for small businesses

The government plans to diversify its credit guarantee fees for small businesses from 1April by setting nine different rates based…

#banks#funding#guarantee


China to launch company credit database in H1

The People's Bank of China says that China aims to establish a nationwide credit database. The information gathered on corporate…

#bank#Bank of China#banks


Getin Bank launches 'Factor in Bank', targets SMEs

Getin Bank has announced the launch of a new division which is to concentrate on providing factoring services for small-…

#bank#banks#smes


IMEX® achieves SWIFTReady Gold status for 8th consecutive year

Surecomp, a leading provider of global trade solutions for the financial services community, today announced that its flagship trade finance…

#banks#financial services#global trade


Unionbank plans factoring and leasing schemes

The bank has serious intentions of developing leasing and factoring schemes in Bulgaria and plans to (more…)

#bank#banks#insurance


Factoring players to form national association

Leading factoring players in the country are to form an association for further development of the industry (more…)

#bank#banks#global trade

Factoring industry turnover up 12% in Q4 2005 –...

The renewed focus by banks on the small business market should fuel continued growth in the debt financing market this…

#banks#risk#SAFE

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