Defaults on loans to small and medium enterprises (SME) by finance companies in India are expected to rise in the coming quarters since hardening interest rates are increasing the repayment burden, rating agency Moody’s has said. Also, options to refinance such loans for SMEs are limited, it added. Rising interest rates, increasing costs amid high […]
SME loan defaults to rise for NBFCs in the coming quarters Read More »
Higher interest rates in India have increased repayment amounts and limited refinancing options for Small & Medium Enterprises (SME) borrowers with loan against property (LAP–loans secured by mortgages over residential or commercial real estate), heightening the risk of delinquencies and defaults, Moody’s said in a report. https://www.thehindu.com/business/sme-loan-delinquencies-will-continue-to-rise-despite-rbis-rate-pause-says-moodys/article66747895.ece
SME loan delinquencies will continue to rise despite RBI’s rate pause, says Moody’s Read More »
Sanjay Nayar-backed small business-focused fintech startup Flexiloans.com is set to raise $75 million to grow its books for micro, small and medium enterprises at a faster clip, according to two people. https://www.livemint.com/companies/news/flexiloanscom-to-raise-75m-for-msme-growth-hires-unitus-capital-as-investment-bank-11681324761190.html
Flexiloans aims to raise $75 mn for SME loans Read More »
Abu Dhabi Islamic Bank (ADIB) invested Dh23 million in community development initiatives, and provided Dh1 billion in SME financing in 2022. The bank announced the release of its second Environmental, Social, and Governance (ESG) report emphasising the progress made on the bank’s EGS goals and commitments for the year 2022. https://www.khaleejtimes.com/business/abu-dhabi-islamic-banks-sme-financing-totalled-dh1-billion-in-2022
Abu Dhabi Islamic Bank’s SME financing totalled Dh1 billion in 2022 Read More »
The Standard Bearer of the Collaborating Political Parties (CPP), Mr. Alexander Cummings, has announced plan to create a US$10 million small and medium enterprises (SME) Fund to support businesses owned by Liberian women, upon his election as President of Liberia Cummings said he would also strive to increase women’s participation in government through elected and
Cummings announces US$10M SME loans for women when elected president Read More »
Challenger and specialist banks have surpassed high street banks for smaller business lending, with new data showing they accounted for 55% of the SME market in 2022. According to the state-owned British Business Bank, challenger and specialist banks provided a record £35.5bn compared to the £29.6bn deployed by traditional UK banks. “Today’s report finds strong
Challenger banks surpass high street lenders for SME loans Read More »
With the agreement, Zand Bank will provide banking services such as bank account opening for ADGM-licenced entities, including SMEs, virtual assets companies, funds and corporations, according to Gulf Business. https://yourstory.com/ys-gulf/abu-dhabi-global-market-zand-bank-sme
ABU DHABI GLOBAL MARKET COLLABORATES WITH ZAND BANK TO SUPPORT SMES Read More »
Ease of doing business for MSMEs: Much like 2022, 2023 is also expected to see a number of major policy developments by the government concerning micro, small and medium enterprises (MSMEs). While a few of those are certain to take place in the new year, others are tentative yet critical to further shape the growth strategy
2023 MSME Outlook: 10 major developments in the new year small businesses cannot ignore Read More »
LHV UK has announced it will today start issuing SME loans as the Financial Conduct Authority approved the Company’s Annex I financial institution registration, a prerequisite to issuing loans in the UK under the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017. Powered by 14 years of consecutive growth, lending to SMEs has
LHV’s Manchester based SME lending business now live after FCA’s green light Read More »
Banking services provider LHV UK will start offering loans starting at £500,000 to small and medium enterprises (SMEs) after being accepted on the Financial Conduct Authority’s (FCA) money laundering registry. It means LHV UK can now provide businesses with loans that are supported by commercial real-estate and comes at a time when many businesses are
LHV UK approved to offer SME loans starting at £500k Read More »