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Bank Negara allocates RM800m to help SMEs restructure debts

Bank Negara has allocated RM800 million under a Rehabilitation Fund to provide new financing for small- and medium-sized enterprises (SMEs) that need to restructure their debts. In a statement on Wednesday, the central bank announced the establishment of the fund...

#bank#banks#commercial finance

NIB and Northern Bank merger may be on the...

National Irish Bank's (NIB) parent is likely to merge the Republic-based institution with its Northern Irish sister company, Northern Bank,…

#bank#banks#financial services


Enterpreneurs can draw cheap loans from EU funds

Grants are a direct aid for future drawing of funds from EU Structural Funds. The Slovak Guarantee and Development Bank…

#bank#banks#guarantee


SBA approves First California Bank as ‘Preferred Lender’

First California Bank has announced that the US Small Business Administration (SBA) has approved the bank under its Preferred Lender…

#bank#banks#small business


Reserve Bank of India ‘plays safe’ and leaves interest...

India's central bank, the Reserve Bank of India (RBI), has left interest rates unchanged at 6%, but raised its forecast…

#bank#banks#Boost


Poland entices banks to finance EU programmes for SMEs

Poland has lured the nation's banks to finance pre-payments on EU programmes in return for a series of key legal…

#bank#banks#guarantees


Dependence on small firm sector could be its downfall

In the opinion of Prof Gianmaria Gros Pietro, head of management economy at Turin University, a former president of state…

#banks#international#management


Small firms pushing for more funds

Demand for funds has improved markedly among small- and medium-sized firms (SMEs), according to a Bank of Japan (BOJ) survey…

#bank#banks#economic recovery


Supervisor of Banks to restrict overdrafts in favour of...

Supervisor of Banks, Yoav Lehman, is drafting new guidelines for banks that will reduce drastically the availability of overdrafts on…

#bank#banks#interest


President replaces Bancomext CEO

Mexican President Vicente Fox has named Hector Reyes Retana as the new CEO of Exim bank, Banco Nacional de Comercio…

#bank#banks#Exim Bank


Vakifbank mandates US$150m loan for exports

Vakifbank said on Friday (17 October) it had mandated a consortium of foreign banks for a US$150m syndicated loan to…

#banks#exports#international


Indonesian government hopes to double exports to Eastern Europe...

The Indonesian government predicts the country's exports to 10 Eastern European countries will double after their accession to the European…

#banks#exporters#exports

Banks transfer to International Accounting Standard

The Russian Central Bank and Finance Ministry plan to recommend audit firms for International Accounting Standard (IAS) reports, Central Bank…

#bank#banks#international

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