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Payment guarantee companies ask for greater regulation

Panamanian payment guarantee companies have asked the government for greater regulation of their sector, local daily El Panama reported. Central de Fianzas chairman Arturo Garrido said the authorities need to establish the differences between payment guarantee companies, known locally as...

#guarantee#insurance#regulation

Lithuania's Snoras Bank posts sharply increased Ђ3m profit for...

Snoras, Lithuania's fourth-biggest commercial bank, posted an audited net profit of 10.55m litas(Ђ3.057 m)for 2002, compared to 4.51 m litas…

#3M#bank#financial services


Iraq conflict claims early commercial casualties

All credit insurance cover by Export Credit Guarantee Corporation of India Ltd. (ECGC) on exports to Iraq is likely to…

#exporters#exports#guarantee


Coface results show big drop in income; remedial action...

Coface saw a pattern of business last year opposite to that of 2001, with a second-half better than the first.…

#3M#guarantee#information systems


Factoring and leasing company to raise Ђ241.8m through asset-backed...

Commercio e Finanza Leasing e Factoring SpA (CFLF), which is headquartered in Naples, is raising Ђ241.8 m through the planned…

#cash-flow#guarantee#insurance


Interest rates raised in effort to curb inflation

Brazil's central bank raised interest rates for the second time in a month to curb what new President Luiz Inбcio…

#bank#banks#emerging markets


New sectors eligible for Small Firms Loan Guarantee Scheme

Thousands of small businesses will find it easier to obtain bank loans thanks to changes announced in the Pre-Budget Report.…

#3M#bank#guarantee


Legislative change increases credit insurance importance to creditors

Recent changes to the Companies Act could reduce the chances of creditors getting paid when debtors go into liquidation, Credit…

#guarantee#insurance#Paid


SIDBI to run $40m support fund for SMEs

THE Small Industries Development Bank of India (SIDBI) will shortly make available a $40 million support fund for small enterprises,…

#bank#guarantee#guarantee scheme


Lincolnshire County Council spearheads loan scheme for SMEs

Over the next 4 years Lincolnshire County Council will spearhead an innovative new loan scheme that will help give small…

#bank#guarantee#risk


Budget should look to modify credit norms for SSIs

The forthcoming Budget should address the two main problems of the small-scale sector, namely, the high cost of funds and…

#bank#guarantee#securitisation


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

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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