British Reporter — Changes to global financial reporting regulations are affecting credit access for millions of companies around the world. New rules on bank accounting led to a 15-20% fall in banks’ SME lending between 2018 and 2020, according to new research by Aytekin
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The FINANCIAL — IFC is helping to preserve thousands of jobs in Bangladesh through an investment in Prime Bank Limited to support small and medium enterprises (SMEs) and companies affected by the COVID-19 pandemic. A $35 million loan from IFC to Prime
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The FINANCIAL — The European Investment Bank (EIB) and Erste Bank AD Novi Sad (EBS) have agreed on a €30 million loan to enable the strong recovery of small and medium-sized enterprises (SMEs) and mid-caps in Serbia in response to the COVID-19-induced contraction.
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The FINANCIAL — Factoring, a financial service based on the sale of accounts receivable, has the potential to boost the growth of smaller businesses in Ukraine as companies struggling with the impact of the Covid-19 pandemic seek finance, heard the participants in a webinar held jointly
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The FINANCIAL — IFC is supporting the financing needs of small and medium enterprises (SMEs) in Turkey by partnering with Alternatif Bank to extend new trade-related or working capital loans to SMEs whose cashflows have been disrupted due to the COVID-19 pandemic.
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