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Korea Eximbank loan to Alfa Bank increased to US$80m

Alfa Bank has signed an agreement with The Export-Import Bank of Korea on increasing a loan Alfa Bank received in 2004 to US$80m from the original US$50 m, the Russian bank announced. The two banks on December 31, 2003 signed a...

#bank#banks#financial institutions

Deutsche Bank sells stake in Atradius

Deutsche Bank AG said it is selling a stake in Dutch credit insurance group Atradius NV to (more…)

#Atradius#bank#Deutsche Bank


“Factoring services yet to pick up in India” –...

According to G R Seshadri, managing director, Canbank Factors Limited, Bangalore (more…)

#bank#cash-flow#global factoring


SME Development Fund will enhance competitiveness in sector

As of January 1 st 2006, the SME Development Fund (SDF) administered by the Trade and Industry Department (TID) is…

#funding#smes#trade


Increase in business failures linked to slow world growth

Euler Hermes Global Business Index suggests an increase in the number of business failures over the next year. Following the…

#economy#GDP#Two


Smaller companies most likely to offer a prompt payment...

Results of a survey conducted by the Better Payment Practice Group (BPPG) reveals that a quarter of UK companies offer…

#management#Paid#small business


Landsbanki continues its expansion in North

Following the successful launch of Landsbanki commercial finance as an independent division of the Icelandic parent bank, Landsbanki, the company…

#bank#commercial finance#management


SFCs advised to consider new approaches to SME finance

The finance minister, P Chidambaram told press at the Andhra Pradesh State Financial Corporation (APSFC) that State finance corporations (SFCs)…

#banks#GDP#smes


SMEs remain optimistic despite third quarterly fall in business,...

A report from the CBI has outlined that small- and medium-sized manufacturers (SMEs) have struggled with a third consecutive quarterly…

#economy#GDP#smes


Central bank cuts base rate

Hungary's Monetary Council has cut the central bank base rate by (more…)

#bank#Two


3i Infotech keen to explore new software products for...

Software firm 3i Infotech, formerly ICICI Infotech, will invest in product development and (more…)

#acquisition#international#management


Erste Bank sets up factoring unit

Erste Bank Hungary Rt has set up two new subsidiaries to better serve its clients. Erste Faktor Rt has Ft…

#bank#smes#Two

Ultimate Finance Group reports first year of profit

After three years of trading, the Ultimate Finance Group PLC has announced its first year of profit, according to results…

#AIG#invoice#Two

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