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New chairman for SME bank

The French state-controlled bank for SMEs has appointed as chairman, Jean-Pierre Denis, former head of Dalkier, a subsidiary of French environmental services group Veolia. The government, which owns 54.53 per cent of BDPME, had been looking for a replacement chairman...

#bank#management#SME bank

European venture investment declines in Q3

In the third quarter of 2003, Ђ616 million were invested in 191 deals, according to the joint European venture capital…

#funding#investment#investments


SME bank HNS ups capital 24.3%

Niche bank Banco HNS has increased its capital base 24.3% to 13.4bn pesos (US$21.3m) following a capital injection of 2.63bn…

#3M#bank#smes


Bibby’s takeover of Abbey National supports consolidation view

Bibby’s purchase of the factoring arm of Abbey National is another step towards their goal of becoming the largest global…

#acquisition#poland#Two


Corporate taxation hinders investments

German corporate taxation has retreated into the background in the general tax debate about the government's plans to move income…

#Clear#investment#investments


Davenham appoints Southern Regional Director

Andy Dimmock has been appointed southern regional director of Manchester-based Davenham Group with immediate effect. Commenting on his new role…

#commercial finance#funding#i


Growth of SMEs crucial to Brunei's development

Small- and medium-sized enterprises (SMEs) have proven resistant and less vulnerable to the shocks of the economic and financial crisis.…

#crisis#economy#smes


Unilizings leasing and factoring portfolio grows to 100m lats

Latvia's Unilizings company’s leasing and factoring portfolio has reached 100 million lats (Ђ153.4m) after nine months of this year, rising…

#bank#leasing#Two


Finexia merges with Xbridge to create the UK’s largest...

Xbridge and Finexia have announced the merger of their online financing businesses. Together the two companies will create the leading…

#acquisition#business finance#commercial finance


Vakifbank mandates US$150m loan for exports

Vakifbank said on Friday (17 October) it had mandated a consortium of foreign banks for a US$150m syndicated loan to…

#banks#exports#international


Banks transfer to International Accounting Standard

The Russian Central Bank and Finance Ministry plan to recommend audit firms for International Accounting Standard (IAS) reports, Central Bank…

#bank#banks#international


European buy-out groups lead US

European buy-out groups have for the first time overtaken their US counterparts in their ability to raise capital from investors.…

#interest#investments#Two

Deadline set on phone debt failures

The telephone ombudsman has given major phone companies until Christmas to stop harassing customers for phone bill debts or face…

#bank#Bill#MAN

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