IFC provides $100 million to FNB to expand SME lending

The financing falls under the IFC SME Push Program, a comprehensive, multi-stakeholder initiative that intends to promote lending and strengthen support for small and medium enterprises by the formal banking sector. FNB has a pioneering role as the first institution to be financed under the SME Push.
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Vassar Capital Properties, LLC to Stephen G. Lembo Jr. and T. Warren, 32 Woods Edge Rd., $225,000. Agron Lumani to Wanouhie A. Demirjian, 32 Woods Edge Rd., $289,900. Brigitte D. Nadeau and Daniel Dupont to Andrew and Kellie Pfleger, 107 Forest Lake Dr., $305,000. Federal Home Loan
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Industry body WindEurope released statistics Tuesday that showed 3.1 gigawatts of capacity came online last year, thanks to the installation of 13 new offshore wind farms. One of those, Hywind Scotland, is the world's first floating offshore wind farm. Most of the installations took place in the U.K. and
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Get a pre-approval letter from one or more mortgage lenders – not just a pre-qualification letter. Pre-approval involves actually applying for a mortgage and submitting the documents underwriters need to commit to a mortgage approval. Pre-qualification might not even involve checking your credit score
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Home sales in Canada's largest real estate market tumbled last month in the early days of tough new stress tests introduced by the country's top banking regulator. There were 4,019 property sales across the Greater Toronto Area in January, marking a 22-per-cent plunge from a year earlier when a
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Monthly payments on a 15-year fixed refinance at that rate will cost around $720 per $100,000 borrowed. That's obviously much higher than the monthly payment would be on a 30-year mortgage at that rate, but it comes with some big advantages: You'll save thousands of dollars over the life of the loan
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Ombudsman Services will stop handling complaints in the property sector – saying it no longer wants to provide a “broken solution to a broken market”. It provides redress between property agents, including estate agents and individuals, but plans to withdraw by 6 August 2018. Lewis Shand Smith, head
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“This is a title exception which the title company will insure around,” she wrote. Property records show that Fink borrowed millions of dollars from Suncoast Financial Mortgage Corp., a real estate entity owned by financier David Malcolm that is a co-defendant in the lawsuit filed by the the wind-tunnel
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Speakers noted that the challenges of onboarding and know-your-customer obligations, which are particularly acute for those trying to connect to Eurex's Lending CCP, could also benefit from automation innovation in the near future. It was noted that the cleared space offered the perfect sandbox for
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The not-for-profit organisation – which is one of a number of bodies that handles property disputes – plans to launch a “major dialogue” with consumers to help tackle an “imbalance in power” in the property market. It says it wants to understand key “pain points” for renters, tenants, and home buyers.
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CSBS and Federal Reserve System invite the submission of papers for their sixth annual community bank research and policy conference, which will be held Oct. 3 through Oct. 4 at the Federal Reserve Bank of St. Louis in St. Louis, Mo. Submissions are due Friday, June 15.
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The mortgage broking revolution, which disrupted the major banks in the 1990s, has failed and many brokers now act in the best interest of the banks that own them and not consumers, a scathing report has found. The Productivity Commission singles out mortgage brokers as an area of significant
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The board expects sales and prices in the Toronto region will climb again in the latter half of the year as the market shakes off the dampening effect of the Ontario Liberal government's Fair Housing Plan of last April, including a foreign buyers tax. (Graeme Roy / THE CANADIAN PRESS file photo).
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Investors' appetites have been whetted by the appeal of luxury retirement home investments. Whilst care homes have been struggling in profitability due to tight local authority budgets, demand for the luxury end of the spectrum has been soaring and average weekly fees for some beds have increased
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But the majority of traditional real estate companies will die,” Flint said onstage. His point was not that the industry has no leaders, but that many have their heads stuck in the sand as a “tsunami” of disruption heads for the beach. I agree with Flint that ours is an industry facing serious, existential threats.
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HONG KONG/LONDON (Reuters) – Standard Chartered Inc is looking to drive returns by boosting lending to key industrial sectors and top clients, in a move that could cut about a dozen investment banking jobs as it dials back in areas like private equity, sources said. Some of those jobs will
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There is a gap in the access women have to banking careers, specifically in developing countries. The Banking on Women business, under the International Finance Corporation, is working to close this gap. Despite the fact that one-third of registered small and medium-sized enterprises are owned by
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A bill that reforms the way in which money lending operates will be debated by lawmakers in this year's session. Senator Arthur Orr (R-Decatur) is the sponsor of the bill. It would extend the repayment period of payday loans to 30 days rather than the current two weeks. Orr says most bills like mortgages
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Turkey's biggest operator of roll-on, roll-off transport vessels is planning an initial public offering this year, according to three people with knowledge of the plans. Actera Group and Esas Holding AS, the owners of U.N. Ro-Ro Isletmeleri AS, are likely to work with Citigroup Inc. and Morgan Stanley on the
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Oil slid to a two-week low and headed for its longest losing streak in two months as a plunge in U.S. equities dragged other markets lower. Crude futures in New York fell a third day, sliding as much as 1.3 percent. Stock indexes from Japan to Germany tumbled on Tuesday after a frantic sell-off in U.S.
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