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Bank's revolving credit scheme for SSIs

Canara Bank has launched a new scheme for small-scale industries (SSIs) banking with it. The bank will sanction a stand-by credit of up to Rs 5 lakh to SSIs at the time of a regular sanction of working capital. However,...

#bank#interest#working capital

French credit insurer suffers profit slide as factoring arm...

French credit insurer Euler & Hermes (F.EUL), which is 67.4%-owned by Assurance Generales de France (F.AGF), said Thursday its net…

#interest#interest rates#securitisation


Baltic’s leading factor posts 43m euros profit in 2002

Hansa Capital Group's net profit totalled 43.8m euros and financial investments reached 1,172m euros in 2002. Hansapank said the group…

#3M#interest#investments


Business association calls for company debt moratorium

Venezuelan public and private sector banks will have to restructure the debts of small- and medium-sized enterprises (SMEs) that have…

#banks#interest#international


UK and Ireland biggest players in European securitisation market

A report by Moody's Investors Services, last year confirmed the UK and Ireland as the biggest player in the European…

#economy#interest#securitisation


Association of South East Asian Nations opens new investment...

Member states of the Association of South East Asian Nations (ASEAN) decided to accelerate the liberalization of their investment regimes…

#interest#investment#Paid


Small and medium-sized companies to benefit from US fund

The creation of a US fund to benefit Moroccan small and medium (-sized) enterprises (SMEs) topped talks held here between…

#interest#investments#smes


Large Companies Taking Longer to Pay Bills

Statutory interest and collection charges will be extended to apply to late payment on all commercial contracts from 7 August…

#interest#late payment#payment delays


US$250 million Shot in the Arm for Small and...

The Zimbabwean Ministry of Industry and International Trade last Monday released US$250 million for disbursement to small and medium scale…

#interest#interest rate#international


Five Arrows Record Seven-fold Increase in Profit for the...

Five Arrows Commercial Finance Limited enjoyed a seven-fold increase in profit for the year ended 31 March 2001. Profit before…

#commercial finance#i#interest


KBK Capital Announce Factoring Clients Represent 80% of New...

The Fort Worth, Texas, based KBK Capital Corporation, which provides business credit to middle-market companies, has reported its operating results…

#interest#Produce#receivables


Banco Santander Rumoured to be Buying Banco Santiago

Rumours have been reported on the business information service Zephus.com that Banco Santander Central Hispano SA is to buy Banco…

#acquisition#Banco Santander#interest

Head of PayDay Today Arrested on Suspicion of Fraud

David L’Hoir, who ran the organisation PayDay Today was arrested by the FBI in Fort Lauderdale, Florida on suspicion of…

#interest#WHO

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