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Bank lending to small firms swells

Corporate lending by local banks ballooned by 5.1 trillion won (US$4.3 billion) last month, as small- and mid-sized companies (SMEs) sought more funds for running their businesses and paying their taxes, the Bank of Korea (BOK) said yesterday (6 August...

#bank#banks#smes

Niche banks to begin business in 2004

Four new banks are considering opening niche operations in Chile in 2004. This will increase the degree of banking services…

#banking services#banks#financial services


Fraud hits a third of all companies and this...

In PwC's global survey of chief executives, released today, financial services companies reported more incidents of fraud than those from…

#banks#financial services#frauds


Government to channel bank reserves money into guarantee funds

The government has initiated a project aimed at helping small- and medium-sized enterprises (SMEs) by revoking income tax on released…

#bank#banks#guarantee


Small firms shop around for best borrowing deals

Small businesses in Australia have become very active in seeking creditors and pursuing better deals to fund the continued growth…

#banks#small businesses#smes


German link extends Bank of Ireland SME services

BANK of Ireland Business Banking has completed a special Ђ300m funding arrangement with KfW (Kreditanstalt fr Wiederaufbau), the German state-owned…

#bank#banks#economy


SME sector as the driving force behind economic growth

Serbian Assistant Minister of Economy and Privatisation, Blagoje Paunovic, said as part of the Strategy for the Development of Small…

#banks#economic recovery#guarantee


Free trade agreement provides niche opportunities for factors

Chile's free trade agreement (FTA) with the European Union (EU) and the imminent agreement with the US could lure international…

#banks#Boost#international


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


In the aftermath of the Finance Credit scandal, KPMG...

Bank 1 Oslo will sue accounting giant KPMG and state authorized accountant John Haukland for NOK 337 (USD 50.5) million…

#bank#banks#insurance


CIT Small Business Lending names John Little Regional Account...

CIT Small Business Lending, a subsidiary of CIT Group Inc., announced another major addition to the organisation. John Little was…

#banks#CIT#small business


Syrian private sector SMEs to benefit from 25 million...

The Syrian Government has agreed to provide the European Investment Bank (EIB) with a guarantee for the loans the EIB…

#bank#banks#guarantee

New banks to launch factoring, leasing and SME finance...

Progresso, the Chilean financial services company, is waiting for the go-ahead from local authorities to open its bank in January…

#bank#banks#financial services

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