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Vice president

IFC to lend US$35 m to private Ukrainian businesses

The International Finance Corporation (IFC) plans to open credit facilities worth more than US$35m for private companies in Ukraine in the 2005 financial year lasting from July 1, 2004 to June 31, 2005. The Ukrainian embassy in the United States...

#banks#international#Vice president

BPI to increase loan portfolio for SMEs

The Bank of the Philippine Islands (BPI) said it was expanding its loan exposure to small and medium enterprises (SMEs)…

#bank#management#risk


Trade finance to be offered to SMEs

Kasikornbank Plc (KBANK), Thailand’s third-largest commercial bank, said that it has taken steps to encourage small and medium-sized enterprises (SMEs)…

#bank#cash management#international


Russian bank to start factoring service in China

Russian banking group, Promsvyazbank, will open an office in China at the beginning of this month, the bank's Vice President…

#bank#Bank of China#conference


Miami factoring scam – four plead guilty

Four men pleaded guilty to defrauding a Portuguese bank branch of US$170m through a sophisticated conspiracy that lasted nearly a…

#bank#Bill#Paid


Factoring to emerge as key ingredient of financial supply...

The global shift in traditional trade finance methods to a global financial supply chain (FSC) based on open source account…

#bank#international#International Trade


New Export Insurance Corporation Boss

The government has announced the appointment of Kim Song-woong as head of the Korea Export Insurance Corporation (KEIC). Kim, incumbent…

#export credit insurance#exports#guarantees


Corfo earmarked US$80m for SMEs in 2003, outlines plans...

Chile's state business development agency Corfo has reported that it issued more than 50bn pesos (US$80m) in loans last year…

#investment#smes#Vice president


FactorHelp announces new managing director

FactorHelp announced that a 20-year veteran in the factoring and small asset-based lending (ABL) industries, Thomas G. Siska, has joined…

#commercial finance#funding#Vice president


Bank Leumi USA appoints three experienced factors to New...

Bank Leumi USA yesterday announced the appointment of three vice presidents, Mitchell Meth, Ralph Mascia, and Mary Ellen Bianco, to…

#bank#CIT#exporters


Banks squeezed to lend more

Bankers reacted negatively to the government's move to prod lenders to free up loans to consumers and small companies. A…

#bank#cash-flow#liquidity


Bridge Bank expands Capital Finance Group

Daniel P. Myers, president and chief executive officer of Bridge Bank, National Association, has announced that Scott Chamberlin, a 12-year…

#bank#Bank of America#financial services

MarineMax expands asset-based credit facility

MarineMax, Inc., the nation's largest recreational boat retailer, has announced the expansion and extension of a $280 million credit facility.…

#bank#Bank of America#commercial finance

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