Financing SMEs –Key Challenges and issues for Bankers Wickrama Narayana Chief Manager-SME Development People’s Bank The definition of Small & Medium scale Enterprises (SMEs) varies from country to country. The classification can be based on the firm’s assets‚ number of employees‚ or annual turnover along with the loan amount. Central Bank of Sri Lanka defines SMEs as enterprises with less than Rs. 600 million turnover per annum and with a maximum exposure of Rs. 200 million mainly to be classified
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pays after goods received As exporter perferenece the importer paying for goods and exporter ships goods after paid The bank as the exporter and importer intermediary Importer obtains bank’s promise to pay on importer’s behalf. Bank promises the exporter to pay on behalf of the importer. Exporter ships “to the bank”trusting bank’s promise. Banks pays the exporter. Bank “gives” merchandise to the importer. Benefits of the system * The tree key documents (L/C Letter of Credit ‚ Bill
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SMALL-SCALE MINING (Lives at risk in the Philippine Gold Mines) INTRODUCTION Gold is the number one mineral produced by the Philippines in value terms. Although total local production was low relative to world production‚ it ranked 2nd to Africa in gold production per unit land area in 1988 and ranked 29th as top gold producer in 2002(Israel and Asirot 2002). In the year 2002–2007‚ the Philippines’ gold production increased by 8.2%. This contributed an average of 2% gross domestic product (GDP)
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are unique to each country based on historical‚ economic and institutional imperatives. In Nigeria‚ the reforms in the banking sector preceded against the backdrop of banking crisis due to highly undercapitalization deposit taking banks; weakness in the regulatory and supervisory framework; weak management practices; and the tolerance of deficiencies in the corporate governance behaviour of banks (Uchendu‚ 2005). Banking sector reforms and recapitalization have resulted from deliberate
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mergers and acquisition is a relatively recent development in Nigeria. These structural changes may take the form of scheme of arrangement‚ amalgamation‚ take-over‚ merger and acquisition. These are all commercial term or forms of business combination that indicates operation involving substantial changes in the ownership‚ construction or capital structure of one or more companies. Mergers and acquisition have played an important role in the external growth of a number of leading companies all
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Accounting‚ Banking & Finance Delta State University‚ Asaba Campus. Delta State Nigeria. & Akujuobi‚ L.E (Ph.D) Department of Financial Management Technology (FMT) School of Management Technology Federal University of Technology‚ Owerri (FUTO) PMB 1526 Owerri‚ Imo State‚ Nigeria ABSTRACT This paper attempts to examine whether or not one of the preconditions for a successful inflation – targeting framework is present in Nigeria and Ghana. That is‚ the paper wants to find out whether or not a stable and
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It is a fact that the small-scale businesses hold a part in controlling the amount of employment in the economy and thereby help in the overall economic growth. Small-scale commercial enterprises are considered to be a hub for teh employment of child labour. Government in a way support these small scale commercial ventures by shielding them from the opposition provided by large scale businesses. Large scale commercial enterprises utilizing go between and market‚ and so forth
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APPRAISAL OF THE ECONOMIC IMPLICATION OF ELECTRONIC BANKING IN NIGERIA BANKS (A CASE STUDY OF DIAMOND BANK PLC NIGERIA) CHAPTER ONE 1.1 BACKGROUND OF THE STUDY Before the emergence of modern banking system‚ banking operation was manually done which lead to a slow down in settlement of transactions. This manual system involves posting transactions from one ledger to another which human handles. Figures or counting of money which should be done through computers
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PROJECT REPORT ON AXIS BANK [pic] PROJECT REPORT ON AXIS BANK [pic] SUBMITTED TO: SUBMITTED BY: MISS SANGEETA SHARMA RESHMA RAI MBA 2ND SEM Date: 14.07.11 IIAS SCHOOL OF MANAGEMENT ACKNOWLEDGEMENTS It is great pleasure to express my sense of gratitude to MISS SANGEETA SHARMA‚ IIAS School Of Management‚ Siliguri‚ without whose valuable guidance
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Enterprise Project Management Office State of North Dakota Risk Management Plan Project Name: Agency: Project X Agency ABC LMN Division Business Unit/Program Area: Project Sponsor: Project Manager: Date: 08/21/08 Nancy W Joe P Version: 1.5 Risk Management 1. 1.1. INTRODUCTION Purpose and Objectives Risk Management is the systematic process of identifying‚ analyzing‚ and responding to project risks. It includes maximizing the probability and consequences of positive events
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