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Magnus LLC to finance foreign trade

Through its Romanian representative office, American-based financial holding Magnus LLC has launched a US$50m loan programme for Romanian companies that conduct foreign trade operations. The minimum loan value will stand at US$100,000 and there will be no pre-imposed ceiling. The...

#guarantees#interest#interest rates

EXIM lends US$18m to Swiss shipping firm

The Export-Import Bank of Korea said it has signed a contract with a Swiss shipping company to lend US$188 million…

#bank#exporters#exports


Fortis reports soaring operating profit 2004

Fortis has released its full year 2004 results today reporting net operating profit before realised capital gains increased by 25%…

#bank#commercial finance#insurance


KUKE doubles credit insurance volume in 2004

Demand for credit insurance policies is growing. The Corporation for Export Credit Insurance (KUKE) insured $2.55bn worth of exports in…

#export credit insurance#exports#insurance


EquiFin sells factoring company

EquiFin, Inc. yesterday announced that it has sold its factoring company, Equinox Factors, to Coast Capital Partners. The transaction will…

#interest#management#Two


Central bank cuts interest rate

Cyprus’s central bank cut interest rates by a quarter percentage point on Friday in an unexpected move that dealers saw…

#bank#GDP#interest


Romanian central bank decreases its key interest rate

Romanian central bank decreased its key interest rate by 72 basis points to 15.75 per cent p.a. Central bank reacted…

#bank#inflation#interest


Turkey and Russia sign cooperation protocol for small businesses

Erkan Gurkan, Chairman of the Small and Medium Industry Development Organization (KOSGEB), and Alexander Runov, president of the Russian Agency…

#Bridge#interest#Produce


Base rate cut

The Monetary Council of the National Bank of Hungary (MNB) cut its benchmark interest rate from 9.5% to 9%. The…

#bank#interest#interest rate


CNB cuts interest rate by 0.25 percentage points

Czech National Bank (CNB) has surprisingly cut interest rates by 0.25 percentage points. Main repo rate is dropped to 2.25…

#bank#inflation#interest


Interest rate “lowest ever”

Acting governor of the Bank of Israel Meir Sokoler cut the interest rate by 0.2 percentage points yesterday, leaving the…

#bank#interest#interest rate


Corporate insolvencies fall to lowest for six years

Company failures have fallen for the second year running, with 16,372 companies failing during 2004. This was the lowest number…

#banks#insolvencies#insurance

EBRD to buy bank’s additional issue preferred stock, capital...

The European Bank for Reconstruction and Development (EBRD) will acquire preferred stock from an additional issue by International Moscow Bank…

#bank#interest#international

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