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banks

President replaces Bancomext CEO

Mexican President Vicente Fox has named Hector Reyes Retana as the new CEO of Exim bank, Banco Nacional de Comercio Exterior (Bancomext), effective October 24, according to a finance ministry press release. Reyes replaces Jose Luis Romero Hicks who will...

#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


Lбnchнd Factoring Programme launched by Ministry of Economic Affairs...

The Lбnchнd (meaning chain bridge) Factoring Programme, a new subsidy scheme created by the Ministry of Economic Affairs and Transport,…

#banks#BCR Publishing#i


Rise in CPI is good news for economy

A rebound in the consumer price index (CPI) in August has encouraged economic researchers to confidently predict that the Chinese…

#bank#Bank of China#banks


Japan's megabanks to begin factoring Chinese receivables

In December, Mizuho Corporate Bank, a unit of Mizuho Financial Group Inc, will begin buying Chinese receivables from Japanese companies…

#bank#banks#receivables


Banks not proactive in giving out loans to SMEs

The change in the financial institutions’ corporate culture as a result of their consolidation has left small- and medium-scale enterprises…

#bank#banks#Boost


Small businesses make fewer loan applications and see more...

Small business people continue to withhold their affection from Canada's banks, according to a Canadian Federation of Independent Business (CFIB)…

#bank#banking services#banks


Financial services bounce back takes hold – survey suggests...

Financial services companies' confidence improved more than at any time in the last four years as business grew at its…

#banks#Boost#financial services


SMEs get nearly US$4 billion in loans this year

A total of 1,104 small- and medium-sized enterprises (SMEs) received US$3.981 billion in loans from Mexico's National Foreign Trade Bank…

#bank#banks#guarantees


Supreme Court hears Sorabjee on Securitisation Act

Attorney General Soli J Sorabjee today defended the Securitisation Act in the Supreme Court. The Court was hearing petitions challenging…

#banks#financial institutions#interest

Committee to address concerns over financing companies

The Securities and Exchange Commission (SEC) has formed a committee to look into the activities of financing companies and to…

#banks#regulation#SEC

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