Financial Services (105)
The Russian post office has launched a new financial product for consumers. They can get a microcredit loan (between $100-200 USD) in any post office branch simply by presenting a piece of identification.
Why it matters
Microcredit is something that has really taken off in underdeveloped countries and is usually associated with business development. Will this niche offering attract local customers considering the small amounts loaned?
Microcredit company Fair Finance in the UK is the first in Europe to secure financing from commercial banks to expand its business model. credit and payment solutions for exporting companies, limiting the risks of business abroad, helping the country to reduce its deficit. But will this campaign be enough to restore the public confidence in financial institutions and banks - widely perceived as being accountable for the crisis?
“Banking on Green” is an agreement between Fiat and Deutsche Bank for the supply of 140 Punto EVO Natural Power cars, that will be used across the whole Deutsche Bank Italian network.