RIZAL Commercial Banking Corp. (RCBC) expects its loans to small businesses to increase by at least 9% this year as the economy continues to recover from the downturn caused by the coronavirus pandemic. The bank said in a statement on Tuesday that it sees its small and medium enterprises (SME) loan portfolio growing to at […]
RCBC sees SME loans growing by at least 9% this year Read More »
Less than a fortnight after it secured its UK banking licenseLHV Bank is going after the SME mid-market lending market. LHV Bank, formerly the UK arm of Estonian financial services giant AS LHV Pank but now a separate entity and part of the listed LHV Group, will now offer loans up to £5m. After acquiring the collapsed fintech lender Bank North last October,LHV has been ramping
LHV Bank ramps maximum SME loan size to £5m Read More »
In its second deal in the space of three months, telecommunications company etisalat by e& (e&) has acquired a majority stake in Beehive, a UAE-based crowdfunding and SME lending platform. FTI Capital Advisors provided buy-side M&A advisory services. https://www.consultancy-me.com/news/6248/fti-advises-e-on-acquisition-of-sme-lending-platform-beehive
FTI advises e& on acquisition of SME lending platform Beehive Read More »
e& enterprise, part of e&, announced the signing of a binding agreement to acquire a majority stake in Beehive, Mena’s leading peer-to-peer digital platform to tap into opportunities in the Small and Medium Enterprise (SME) lending market. https://www.wamda.com/2023/05/e-enterprise-acquires-majority-stake-beehive
e& enterprise acquires majority stake in Beehive Read More »
The bank’s credit guarantee scheme aims to help SMEs overcome challenges in accessing financing from conventional banks https://gulfbusiness.com/edb-ministry-of-economy-honours-partner-banks/
UAE’s EDB, Ministry of Economy recognise partner banks Read More »
Credit and finance for MSMEs: SMEs are vital to India’s economy, contributing 40 per cent of the nation’s GDP and around 43% of its exports. However, these businesses face significant financial management challenges, compounded by their need for funds. Although various funding sources are available for SMEs in India, secured and unsecured bank loans remain the most widely
How removal of foreclosure charges from SME loans can benefit banks and government also Read More »
British Business Investments is providing Praetura Group’s Kingsway Finance with a £10m block discounting funding facility. The finance provider will use British Business Investment’s capital to offer more loans to UK SMEs. It issues SMEs with loans from £5,000 up to £25m. Peadar O’Reilly, CEO of Praetura Group’s lending division, said: “SMEs need funding on the
Kingsway Finance secures £10m for SME loans Read More »
The bank will now transition from a branch of Estonian AS LHV Pank to a fully authorised UK bank regulated by both the PRA and FCA. The decision to pursue a UK banking licence was made in 2021, and LHV submitted its application in March 2022. LHV UK Limited will shortly submit an application to
LHV UK secures banking licence from the PRA Read More »
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 »