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Eastern Europe

BRE Bank to Purchase Hungarian Factoring Company

Poland’s listed BRE Bank wants to purchase 50 percent of Hungary’s Magyar Factor Rt., worth HUF550m, or ZL9m. BRE already owns over 51 percent in Austria’s Intermarket Bank, which has a 50-percent share on the local factoring market. BRE’s Polish...

BIG Bank Gdanski Secures Ђ50 million Factoring Contract

The Management Board of BIG Bank GDANSKI S.A. ("the Bank") announced that on 29 August 2002, FORIN Sp. z o.o.…

#bank#factoring contract#management


Officials Go Public With Details of SME Aid Package

Economy Minister Jacek Piechota has announced details of his plans for supporting small and medium-sized businesses, with some ZL1.5-2bn in…


BA-Creditanstalt-Leasing Poland is to merge with Bankowe Towarzystwo Leasingowe...

BA-Creditanstalt-Leasing Poland, a financial leasing services company is to merge with Bankowe Towarzystwo Leasingowe SA, a leasing services company and…


Factored Turnover Increased an Impressive 20% in 2001

Factoring turnover for Bulgaria in 2001 recorded an increase of about 20% and reached a volume of € 96,000,000. The…


Moody’s Upgrades Hansapank to A2

Moody's Investors Service upgraded to A2 from Baa1 the senior unsecured debt ratings of AS Hansapank. The deposit ratings of…


Hansabanka to Increase Share Capital

It was announced this week that Latvia’s third largest bank, Hansabanka, has received permission from the Finance and Capital Market…


Privatisation of Banca Comerciala Romana to Proceed at Cautious...

It was announced earlier in the month that Romanian authorities had approved the privatisation strategy of Romania’s largest bank, Banca…

#bank#banks#BCR Publishing


Romanian Government to Sell Majority Stake in Banca Comerciala...

It has been reported that the Romanian government plans to sell a 51% stake in Banca Comerciala Romana in 2002.…


Demirbank Bulgaria Bought by Turkish Consortium

Demirbank Bulgaria has been bought by a Turkish consortium consisting of the former owner of the bankrupt Turkish bank, Halit…


Unicredito Italiano Acquires Majority Stake in Demirbank Romania

A 62.5% stake in Demirbank Romania, the company which, according to figures submitted to Factors Chain International for the year…


Troubled Slovak Bank to be Taken Over by State-Owned...

Slovak state-owned bank Konsolidacna banka Bratislava (KBB) will be taken over by state-owned factoring agency Slovenska Konsolidacna (SKo) before 31…

#bank#guarantee#liquidity

Konsolidacni Banka Record Q1 2001 Loss

The Czech state-run factoring bank, Konsolidacni Banka, has announced a first quarter loss of 933million koruna which compares with a…

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