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Citibank to focus on SMEs through transportation funding

Citibank has bought out portfolios of over Rs 1,000 crore in the last 14 months from non-banking financial companies (NBFCs) in a bid to boost its asset base of transportation funding. Speaking to the press here today, Citibank's Group Executive,...

#bank#banks#funding

Listing of hundreds of companies on Thai Stock Exchange...

As many as 300 companies are ready to list on the Stock Exchange of Thailand, according to Twatchai Yongkittikul, secretary-general…

#alternative funding#bank#banks


The Asian Development Bank approves SME export development loan...

The Asian Development Bank on Wednesday approved a loan of US$85 million to a small and medium-sized enterprise (SME) export…

#ADB#Asian Development Bank#bank


Thai economy expanded by a surprise 4.9% Q3.

Robust domestic demand and unexpected export growth have helped Thailand's economy to expand by 4.9 per cent in the first…

#banks#economy#exports


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…

#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

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