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Coface unit forecasts 30 per cent increase in profits

The Chilean unit of French commercial insurer Coface expects profits to grow 30 per cent this year, company executive Louis des Cars said at a press conference this week. Des Cars explained that this year earnings should come in at...

#bank#conference#management

Three-quarters of firms have no ratings, rely on bank...

Three out of four firms listed on the Korea Stock Exchange (KSE) had no credit ratings from domestic credit rating…

#bank#banks#insolvency


Coface snaps up Australian credit insurance business

Coface, the credit management and insurance group, has bought the credit insurance business of Australian underwriting agency, Dexta. Dexta Corporation…

#3M#insurance#management


Boeing Capital proves its worth – FT comment

Compared with the glamour and engineering dexterity on display in a tour round one of Boeing's aircraft factories in Seattle,…

#banks#commercial finance#financial services


Equifax launches web-based debt and fraud tool for SMEs

Equifax Plc, the business information provider, has launched eDecision, an online credit application processing and scoring solution aimed at providing…

#Equifax#fraud detection#risk


New Atradius CEO announced

Wilfried Verstraete, has been appointed as the new CEO and Chairman of the Management Board of Atradius, a leader in…

#Atradius#international#management


Small business finance 'strong', says BoE

According to the eleventh - and final - report on finance for small firms, "there was little evidence of smaller…

#bank#Bank of England#business finance


Bank of Korea warns of increased financial risks for...

The Central Bank of Korea (BOK) on Monday predicted there could be a series of bankruptcies of small companies and…

#bank#exports#international


Scotiabank unit launches US$16.7m SME fund

Scotiabank Jamaica has launched a J$1bn (US$16.7m) small- and medium-sized enterprise (SME) financing programme, focusing on export-related activities and job…

#bank#credit risk#risk


Credit insurer urges caution over payment risks

Credit insurer Coface said payment default risk in China is still low but traders need to be cautious and selective…

#bad debts#credit risk#risk


Bad debts a growing problem for exporters – IEA...

Over half of Irish exporters had customers who did not pay them over the last year, according to a survey…

#bad debts#cash-flow#exporters


Malaysian banks to adopt two-phase approach to Basel II

Malaysian banks will adopt a two-phase approach in complying with the Basel II Capital Accord, says Bank Negara Malaysia’s governor.…

#bank#banks#risk

BDPME results show increased profit and reduced cost of...

France's bank for SMEs, Banque du Developpement des Petites et Moyens Entreprises (BDPME), registered an 8.6 per cent rise in…

#bank#risk#smes

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