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Austria

WFY’24: Austrian factoring development – year 2023 in review

The world saw various unprecedented events in 2023, ranging from political conflicts to volatile financial markets, stated Thomas Strahlhofer, CEO, FactorBank Aktiengesellschaft, in his regional article included in the most recent edition of the World Factoring Yearbook. Nevertheless, global economic...

#FactorBank#factoring#Thomas Strahlhofer

EIB Group and Erste Bank join forces to provide...

EIB Group synthetic securitisation will enable Erste Bank to lend up to €196m to small and mid-sized businesses in Austria.The transaction…

#bank#EIF#guarantees


More than 150 representatives from the European factoring market...

On 21 and 22 March, FCI and The EU Federation for Factoring & Commercial Finance (EUF) hosted the 9th EU…

#EU Federation


FCI announces the 9th European Factoring Summit in Vienna  

Data from 2022 shows impressive growth in the European factoring market, with turnover reaching EUR 2.380bn, an increase of 19…

#bank#commercial finance#Deutsche Bank


WFY’23: Record increase in Austrian factoring volumes in 2022

The global economic downturn in 2022 affected Austria in the third quarter of the year, but for the year as…

#Raiffeisen Factor Bank#Simon Peterman#World Factoring Yearbook


Austrian factoring ‘reports first decline in turnover since records...

At the beginning of 2020, business sentiment in Austria had brightened and the economy had ... (more…)

#bank#insolvency#international


Raiffeisen Factor Bank increases sales to €9bn

Raiffeisen Factor Bank has continued on its growth path and looks back on a successful financial... (more…)

#Raiffeisen Factor Bank


Two Raiffeisenlandesbanks go live with Intellect’s digital trade finance...

Intellect Global Transaction Banking (iGTB), the transaction banking and technology specialist from Intellect Design Arena Limited, the fastest growing fintech…

#Raiffeisen Bank


Austrian bank joins Marco Polo

...announces today that it joins Marco Polo for evaluating... (more…)

#Marco Polo#Raiffeisen#Raiffeisen Bank


Strategic partnership to boost SME lending in Austria

...announce a market-leading strategic partnership to offer online loans and credit lines to give Austrian small and medium-sized... (more…)

#alternative lending#bank#fintechs


Austrian factoring company and EDI provider join forces for...

Despite the persistently low interest rate environment, managing cash flows in companies is a challenge... (more…)

#alternative financing#bank#invoice


EBRD aims to introduce standardisation to reduce KYC costs

At the recent European Bank for Reconstruction and Development Trade Facilitation Programme, Trade Finance Forum in Vienna... (more…)

#bank#banks#forum

Factoring more popular in Austria

Factoring is becoming more popular with Austrian companies. The market has risen by... (more…)

#bank#Raiffeisen#Raiffeisen Factor Bank

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