The Paris-based credit insurer and international financial services group, Euler, has recorded a dramatic acceleration of the amount of its total net income from its interest in factoring operation, Eurofactor. Whilst the contribution of credit insurance to net income slipped from 56.8m in the first six months of 2000 to 52.9m for the corresponding period this year, factoring, the group's other main activity, increased its contribution from 0.7m to 5.2m.
BCR Publishing