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European Investment bank finances Turkish SMEs recovery

A statement by Akbank said that European Investment Bank (EIB) allocated 150 million euros of loan for small and medium scale enterprises in Turkey... (more…)

#bank#Boost#international

IFC invests in microfinance in Nepal

IFC, a member of the Word Bank Group, will make an equity investment of up to 10 per cent in…

#bank#investment#microfinance


HSBC appoints new president and CEO of China operations

HSBC has announced the appointment of Helen Wong as the new president and chief executive office for the bank s…

#bank#investment#WHO


SME finance sector could face significant competition from Islamic...

According to Moinuddin Malim, CEO of Mashreq Al Islami, Islamic finance could see growth in the SME commercial finance and…

#cash-flow#commercial finance#i


ASEAN Trade in Goods Agreement enters into force

The cost of doing business in ASEAN will be lower and trade-related transactions simpler as the ASEAN Trade in Goods…

#investment#trade


HSBC Mexico aims to increase SME lending

HSBC Mexico has announced it is to focus on SME lending this year in a bid to significantly increase its…

#bank#investment#small businesses


Trade confidence declining amongst Gulf business

Levels of confidence among Gulf business people declined slightly in the fourth quarter of 2009, according to the latest statistics…

#factoring industry#i#international


Goldin Financial Holdings to launch subsidiary

Goldin Financial Holdings have been granted business license for a new factoring subsidiary based in China. (more…)

#investment#working capital


CIT extends exchange deadline

CIT Group have once again made alterations to the debt exchange offered to bondholders; the second change since the restructure…

#bankruptcy#CIT#interest rate


Speculation mounts as two bondholder quit CIT steering committee

Two creditors from the steering committee of CIT s bondholders have resigned, Bloomberg have reported. Pacific Investment Management Company (PIMCO)…

#CIT#funding#investment


FIMBank: Profits dented, but foundations for development layed

FIMBank posted post-tax profits of $2.91 million for the last 6 months, down from $23.81 million in the same period…

#bank#global trade#investment


Transcapitalbank to establish factoring business

Russian bank Transcapitalbank (TCB) has agreed to set up a joint venture with US lender International Finance Corporation (IFC) and…

#bank#funding#international

SME Bank expecting rise in loan approvals

SME Bank expects loan approavals to rise by 10 percent this year. (more…)

#bank#conference#investment

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