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Jean-Paul Votron's first day as Fortis CEO

Jean-Paul Votron has today been officially appointed executive director until the annual general meeting of shareholders in 2008. He has also officially become Fortis's CEO. Jean-Paul Votron (53) comes from Citigroup and succeeds Anton van Rossum, who became CEO in...

#commercial finance#financial institution#financial services

Ukreximbank to receive US$50m credit from US Exim Bank

Ukrainian state export-import bank Ukreximbank is to receive a credit from US Exim Bank of US$50m to finance small- and…

#bank#banks#Exim Bank


PhilEXIM lending soars

Philippine Export-Import Credit Agency's (PhilEXIM) total loan releases grew more than three times during the first half at P159.08 million,…

#exporters#financial institution#guarantee


Citibank looks to SME sector

Citibank Handlowy is looking to tap into the lucrative small- and medium-sized enterprise (SME) market with a new product targeted…

#Access to Finance#acquisition#bank


SIDBI to set up Growth Fund for SME sector

The Small Industries Development Bank of India (SIDBI) has decided to set up a ‘Growth Fund’ to provide risk capital/…

#bank#financial institution#risk


SME Bank expects loans to jump 28.5%

The Small and Medium Enterprise Development Bank of Thailand (SME Bank) predicts its credit line will jump 28.5% to 36…

#bank#economy#financial institution


Survey highlights accountants’ views on invoice finance

When recommending an invoice finance supplier, professional advisors’ top three considerations were, in order of importance: to be part of…

#bank#financial institution#invoice


International Finance Corporation to finance SMEs

The International Finance Corporation (IFC) is finalising a deal to provide a credit line to Syria's banking sector, to be…

#bank#financial institution#international


Bantec to sell factoring unit

Costa Rican financial group Consorcio Bantec plans to sell its factoring unit in order to address a liquidity shortfall of…

#bank#financial institution#i


Small businesses shy of debtor financing

Not enough small- and medium-sized enterprises (SMEs) are using debtor finance to improve cash flows and grow their businesses, according…

#bank#financial institution#international


Capital Leasing Pilot Project helps small business owners

Since 1961, hundreds of thousands of small businesses have obtained financing that might not otherwise have been available to them…

#financial institution#guarantee#leasing


EBRD and IFC plans for Banca Comerciala Romana restructuring

European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC) have prepared a restructuring plan for the…

#bank#financial institution#international

IFC assists Commercial International Bank to develop finance facilities...

The International Finance Corporation (IFC) has signed an advisory services mandate to assist Egypt’s leading private financial institution, Commercial International…

#bank#financial institution#financial services

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