Cabinet Approves Factoring Bill

Cabinet ministers yesterday approved a final draft of a new factoring bill. Finance Minister Tarrin Nimmanahaeminda said the law would help set operational guidelines for factoring firms.

Non-Performing Loans on the Increase

Spain: Banks' non-performing loans had reached a record low since 1993 by the end of 1999. Most experts agree, however, that this trend has reached an end. Since January consumer non-performing loans have been increasing slowly.

Finova’s Long and Short Term Debt Ratings Downgraded

The troubled international financial services company Finova Group which last week announced that they would be selling their factoring business to GMAC Commercial Credit, revealed their disappointment yesterday that Moody’s Investors Service had

RDM Factors Focused on Growth

RDM have recently opened an office in Scotland to reflect the different needs of businesses there. Graeme Cullen, whose most recent experience is with Reedham Factors, is the new Regional Manager.