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SME Development Bank to double loans granted in 2003

More than a decade after its establishment, the Small Industry Finance Corporation has finally achieved its goal and upgraded itself to become a bank for small and medium-sized enterprises. The SIFC, a 50:50 joint venture between the government and private...

#bank#banks#Bill

Fraud allegations against factor topples bank executives

Nils Moe, chief executive of Nordlandsbanken, resigned today in the wake of huge losses tied to the bank's dealings with…

#bank#bankruptcy#banks


Macao to support development of SMEs

China's Macao Special Administrative Region (SAR) plans to take a series of measures to support the development of small and…

#banks#economy#smes


One Asset defends performance of SME Venture Capital Fund.

One Asset Management executives insist that they have managed the state-sponsored SME Venture Capital Fund with full professionalism, and that…

#banks#management#small businesses


Local banker plans to buy into US

Chilean banker Odde Rishmague, who is engaged in factoring, financial advisory, and real estate in his home country, is planning…

#acquisition#bank#banks


Government plans credit safety net for SMEs

The Japanese Ministry of Economy, Trade and Industry plans one trillion yen (8.2 billion US dollars) in safety net measures…

#banks#funding#guarantee


Fed Stuns Markets With 50-point Rate Cut

The US Federal Reserve showed its determination to head off renewed threats of economic weakness by cutting interest rates aggressively…

#bank#Bank of England#banks


John J. Tobin joins TORYS LLP

John J.Tobin has joined the firm as a partner in the Toronto Tax Department and as a member of the…

#banks#financial institutions#international


Chilean Banks Wary of Lending Funds to SMEs

Chilean banks have used just 7% of a US$500million government-sponsored loan guarantee for small- and medium-sized enterprises (SMEs) debt restructuring…

#banks#economy#guarantee


Banks Begin Lending to SMEs Again

Mexico's private commercial banks have re-started lending to the country's small- and medium-sized enterprises (SMEs), local financial daily El Economista…

#bank#banks#SME lending


Non-Bank Financial Institutions Crucial for Stabilising Economic Growth

Developing non-bank financial institutions is crucial for stable economic growth in the future, according to Prasarn Trairatvorakul, the secretary-general of…

#bank#banks#management


Buenos Aires Stock Exchange Petitions For Factoring Market

Executives of the Buenos Aires stock exchange and its chairman Julio Werthein have asked economy minister Roberto Lavagna to approve…

#banks#economy#receivables

Secretary for Commerce Floats SME Subsidy Idea

The Hong Kong Government could consider investing in small and medium enterprises (SMEs) to help boost overall industry performance, Secretary…

#banks#Boost#exporters

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