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Eastern Europe

Lithuania's Snoras Bank posts sharply increased Ђ3m profit for...

Snoras, Lithuania's fourth-biggest commercial bank, posted an audited net profit of 10.55m litas(Ђ3.057 m)for 2002, compared to 4.51 m litas for 2001. The audited profit of the Snoras group reached 10.28m litas last year, up by 270 per cent compared...

#3M#bank#financial services

Hebros Bank builds SME ties to build a leading...

Hebros Bank completed the first stage of their national education campaign about bank credit financing offered to small- and medium-sized…


HVB Bank to offer EU subsidised loans to SMEs

HVB Bank Hungary will offer subsidised loans to local small- and medium-sized enterprises (SMEs) under an agreement signed with the…

#bank#banks#risk


Strong Growth for factoring and leasing in 2002; same...

Three members of Latvia's Leasing Provider Association, Hanza Lizings, Unilizings and Nordea Finance Latvija have reported a factoring and leasing…


Slovak bank to get another European bank loan to...

The European Bank for Reconstruction and Development will provide Slovakia's VUB [General Credit Bank] bank a further Ђ20m to support…


Entrepreneurs look for backing for new Romanian factoring business

Two Romanian businessmen with considerable factoring experience are looking for an investor to help launch a new factoring business in…

#Two


SMEs get subsidised loans

The Ministry of Economy and Transport (GKM) and the state-owned Hungarian Development Bank (MFB) have launched the HUF 150 bn…

#bank#banks#economy


Sparkling performance from major factoring and leasing company as...

The net profit of Estonia's Uhisliising (Uhispank Leasing) group was 99 million kroons (Ђ6.33 m) last year against 58.4 million…


‘Flawed economic policies’ that are damaging SMEs and big...

According to Samoobrona (Self-defence) leader Andrzej Lepper, farmers’ protests have been caused by improper financial policy. "SMEs are going bankrupt,…

#Paid#poland#smes


Leading Latvian factor stays on top

The leasing and factoring portfolio of Latvia's Hanza Lizings company gained 31 percent last year to 167 million lats, holding…


Baltic’s leading factor posts 43m euros profit in 2002

Hansa Capital Group's net profit totalled 43.8m euros and financial investments reached 1,172m euros in 2002. Hansapank said the group…

#3M#interest#investments


Latvian factor intentionally cuts market share

Unilizings leasing and factoring company, owned by Latvian Unibanka, last year earned a profit of 2.53m lats (EUR 4.03m), up…

Dutch giant adds factoring to its services

In a bid to add debt purchasing and surveillance to its local service portfolio, Dutch debt collecting giant Intrum Justitia…

#debt collection#i#management

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