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Bond issue proceeds destined to SMEs

Woori Bank, South Korea's second-biggest lender, has completed issuing US$166m worth of debts backed by a pool of low-grade corporate bonds in Hong Kong. The proceeds will be used to help cash-strapped South Korean SMEs. Hannuri Investment & Securities and...

#ABN AMRO#bank#small business

IFC provides US$10m credit line for SME financing

The International Finance Corporation (IFC) has issued a US$10m credit line to Brazilian bank Banco Triangulo (Tribanco) for small- and…

#bank#international#SME financing


Bank deal set to boost SME lending

Bank NISP, considered one of Indonesia's best-managed banks, will soon be owned by Singapore's third-largest bank, Oversea-Chinese Banking Corp (OCBC),…

#bank#international#management


Polish unit of Austrian bank Raiffeisen secures Ђ165m loan...

The Polish unit of Austrian bank Raiffeisen secured a Ђ165m syndicated loan to finance its growth in small-and medium-sized enterprise…

#3M#bank#i


ALIDE to increase financing to Latin American SMEs

The Latin American Association of Development Finance Institutions (ALIDE) is planning to join forces with other organisations in order to…

#bank#banks#Jobs


MFB introduces HUF 100bn in new low-cost loans to...

The state-owned Hungarian Development Bank (MFB) will make another HUF 100bn in low-cost loans available to small businesses and local…

#bank#investments#risk


SME development council to introduce incentives to improve access...

The National Small and Medium Enterprise Development Council has agreed to the introduction of an interest subsidy and securitisation of…

#bank#risk#securitisation


World Bank announces development loan to improve SMEs’ access...

The World Bank has approved a US$120m loan to support the development of India's small-and medium-sized enterprises (SMEs). The loan…

#bank#management#risk management


SMEs write off nearly Ј6.5 billion a year in...

Small businesses in the UK are losing a staggering Ј6.5 billion every year due to unpaid invoices, according to new…

#commercial finance#credit protection#invoice


Private SMEs enter fast-growth period

China's private small-and medium-sized enterprises (SMEs) have entered a period of fast growth. From 2000 to 2004, the nation saw…

#economy#GDP#smes


KOTEC acts as cheerleader for small firms

Around 3 million small-and medium-sized enterprises (SMEs) have been the backbone of the Korean economy. But many of them are…

#financial services#management#risk


GMAC Commercial Finance northwest boosts factoring and invoice discounting...

GMAC Commercial Finance (GMAC CF) has announced the appointment of Paul Morgan to its Manchester office, where he will be…

#cash-flow#commercial finance#invoice

Bancafe should not be state-run SME financier

State-run bank Bancafe should not be converted into a federal bank specializing in small-and medium- sized enterprise (SME) financing, local…

#bank#banks#Boost

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