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SME

Merrill Lynch vows to grow SME loan provision

Merrill Lynch, the largest US securities firm in terms of number of stockbrokers, is hiring salespeople to make loans to small businesses as the economy rebounds, said James Gorman, president of Merrill's global client group. Merrill has "relationships" with some...

#commercial finance#conference#economy

Three new SME schemes launched in Malta

The Malta Enterprise Corporation (MEC) yesterday announced three new enterprise schemes to support small-and medium-sized enterprises (SMEs). The schemes, announced…

#bank#guarantees#investment


New banking regulation harsh on India’s SME sector

THE Madurai District Tiny and Small Scale Industries Association (Maditssia) has called for evolving policy initiatives to redress the grievances…


Proposed SME funding scheme comes under EU scrutiny

The UK’s proposed funding mechanism to improve capital funding for SMEs, to be called the Enterprise Capital Funds scheme, could…


Banking reformer opens new commercial bank aimed at the...

Nippon Shinko - the first non-internet bank to be awarded a banking licence in Japan since 1954 - opened its…


World Bank loan for SME development

The World Bank will extend a US$200 million loan to Small Industries Development Bank of India (Sidibi) by September to…


Scotiabank unit launches US$16.7m SME fund

Scotiabank Jamaica has launched a J$1bn (US$16.7m) small- and medium-sized enterprise (SME) financing programme, focusing on export-related activities and job…

#bank#credit risk#risk


Prime Minister concerned about SME

"Dangerous tendencies" have been detected in the way the Russian economy is developing which demonstrate "numerous problems in providing for…

#economy#GDP#investment


MFB records HUF6.14bn net income in 2003 – new...

State-owned Hungarian Development Bank (MFB) recorded a net income of HUF6.14 bn (US$27.4 m) in 2003, according to the company's…

#bank#funding#interest rate


SME financing, a wake-up call to bankers – Institute...

The development of small- and medium-sized enterprises (SMEs) has been on the official agenda since 1959, but only an estimated…


SME cash flow concerns increase as expected business growth...

According to the OPEN Small Business Network 2004 Semi-Annual Monitor from American Express, new hiring is driven largely by growth…

#American Express#cash-flow#management


SME’s are the backbone of the EU’s economy

European Union ambassador to Malta Ronald Gallimore yesterday said that small- and medium-sized enterprises (SMEs) were the backbone of the…

SME sentiment indicator remains stable

French business sentiment remained stable in March compared with a month earlier, according to a survey of around 450 small-…

#investment#smes

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