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Santander Banespa reserves US$451m for SME lending in Q4

Brazil's fourth largest private sector bank Santander Banespa expects to lend 1bn reais (US$451m) to SMEs before the end of the year, with annual revenues up to 20m reais. Santander Banespa generally increases lending to SMEs at the beginning of the...

#bank#interest#interest rates

Al Tomooh finances 90 SMEs

Al Tomooh, the scheme set up to help support small- and medium-sized enterprises (SMEs) national businesses in the UAE, has…

#interest#Jobs#smes


New Eximbank head pledges support for small exporters

Small business is big business for the Eximbank of Korea. As the official export credit agency, the Eximbank strives to…

#bank#exporters#guarantees


Citigroup provides dedicated financial solutions for SMEs

Citigroup China launched its SME programme in 2004, one of the first SME-focused initiatives of its kind by a foreign…

#bank#cash management#international


Close Invoice Financing launches IDeal for SME users

Close Invoice Financing, a subsidiary of Close Brothers Group, has launched a new invoice financing system it says can work…

#financial services#invoice#Sage


Banco Nacion ups SME loans 93%

Argentina's largest bank, federally owned Banco Nacion, increased lending to SMEs 93% from December 2003 to June 2006, the bank…

#bank#crisis#economy


StanChart launches Express Trade loan facility

Standard Chartered Bank Malaysia Bhd (StanChart) has launched a new loan for small businesses and expects it to help drive…

#bank#conference#guarantees


AIM-listed Davenham celebrates first-year rise in profit

Davenham, the expanding finance group posted record results as it celebrated a year as a listed company. The Manchester business,…

#bad debts#bank#funding


Record turnover for Australian factoring industry

Australia's factoring and discounting industry is still booming, as the big banks continue their fresh assault on the market, and…

#banks#economy#factoring industry


Smaller firms more optimistic

Small- to medium-sized enterprises (SMEs) have a more optimistic view of business conditions than their larger counterparts, a survey has…

#bank#economy#insurance


SME confidence improves in August – Ecostat

Confidence at Hungary's biggest companies slipped slightly in August, but improved at small- and medium-sized enterprises (more…)

#smes


SMEs account for half of total turnover

The UK's small and medium-sized enterprises (SMEs) accounted for more than half the total turnover in 2005, according to (more…)

#3M#small business#smes

State insurer aims to bring smiles to exporters

Korea needs to be open to change and exploring new territory to survive in the global marketplace, said the head…

#bank#exporters#management

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