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SME loan delinquencies will continue to rise despite RBI’s rate pause, says Moody’s 

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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. “This situation is credit negative for Indian Asset Backed […]

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Abu Dhabi Islamic Bank’s SME financing totalled Dh1 billion in 2022

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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

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Cummings announces US$10M SME loans for women when elected president

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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

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Challenger banks surpass high street lenders for SME loans

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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

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2023 MSME Outlook: 10 major developments in the new year small businesses cannot ignore

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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

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LHV’s Manchester based SME lending business now live after FCA’s green light

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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

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