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Canbank Factors’ MD Attributes Good Performance to Portfolio Management

Canbank Factors expects to be on target for turnover and profits this fiscal year despite the slowdown. The projected turnover of Rs 1,100 crore of turnover would be met this fiscal year, said Mr B. Sukumaran, Managing Director. Attributing the...

Exim Director Claims War Could Benefit Indian Factoring Industry

A Finance Ministry official has commented that even though the attack on Afghansistan has not done the economy any good,…

#bank#Exim Bank#exporters


GTF Targets Export Factoring Business Worth $200m

Global Trade Finance Private Limited (GTF) is looking at doing export factoring of $200 million and forfaiting business of $20…

#bank#exporters#global trade


Japan Pushes for Radical Approach to End Bad Debt...

Japan's parliament is preparing legislation this week that will empower the Resolution and Collection Corporation (RCC) to purchase a larger…


Canbank Factors Record Steady Growth in spite of Economic...

Canbank Factors, India’s largest factor by market share, have released their annual accounts for the year ended 31 March 2001.…

#assignment#assignment of receivables#financial services


Banks Suspend Trading Credit Services with Middle East Partners

The three largest commercial banks in Taiwan have temporarily suspended negotiations for letters of credit for Taiwanese companies doing business…

#bank#Bank of China#banks


Big-3 Banks Allowed to Operate Cross-Strait Banking Services Including...

The Ministry of Finance has issued a green light for the 'big-three' commercial banks--First Commercial Bank, Hua Nan Commercial Bank…


Global Trade Finance Commences Trading Today

The new Indian factoring and forfaiting company Global Trade Finance, a joint venture between EXIM Bank and West LB, is…

#bank#conference#credit protection


Indian Institute of Bankers to Offer Development Course in...

As part of its attempts to keep pace with the rapidly changing scenario in the financial sector, the Indian Institute…


Exim Factoring Venture to Begin Operations in Ten Days

Global Trade Finance Pvt Ltd, the factoring joint venture company of Exim Bank of India, WestLB (Westdeutsche Landesbank Girozentrale) of…

#bank#emerging markets#exporters


LG Capital to change name to LG Card

LG Capital said yesterday that its name will be changed to LG Card Co. starting Sept. 1. The company said…


New Rules for Mutual Trust Funds Could Have Implications...

The Ministry of Finance announced on 1 August a set of draft rules governing the management of mutual trust funds,…

#bank#bonds#guarantee

Taiwan's Bank Sinopac launches MMAb2b.com to Provide Factoring Service...

Taiwan-based Bank Sinopac launched a website--MMAb2b.com to provide factoring service for enterprises in August 2000. Bank Sinopac has recorded a…

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