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Eastern Europe

Estonia 2006-2007 – Export factoring growth expected

While the shift to the Euro will simplify business transactions because the costs of converting to different currencies are nullified, expenditure will rise as companies adapt their business software, including factoring software, to (more…)

#bank#international#invoice

Factoring Ceskй sporitelny revenues up a third in 2006

Last year, Factoring Ceské sporitelny crossed the CZK 30 bn threshold, in revenue from receivables, and defended its position as…


Slovakia gains independence

After entering the Slovakian factoring market at the beginning of this year a subsidary of the Czech independent factoring company of the same…

#bank#financial services#guarantees


Bulgaria state-run mega bank to guarantee SME loans

The Bulgarian government has made big headway on an initiative for the creation of a state-run investment bank, which will…

#bank#banks#funding


EU accession means factoring on the rise

According to the Slovak Factoring Association (ASF) 64 per cent of factoring companies clients are SMEs. EU accession, which is driving…


Credit Europe Bank approaches SMEs through regional centres

Credit Europe Bank, the former Finansbank, intends to attract 6,000 clients this year on the segment of small and medium-sized…


New Player Arrives on Slovakian Factoring Market

A new factoring company has recently entered Slovakia's factoring market. Cash Reform Factoring, is a 100 percent subsidiary of the…


Euler Hermes factoring and credit insurance revenue up 22...

Euler Hermes' credit insurance and factoring units in Hungary had combined revenue of HUF 2.8bn in 2006, 21.7 per cent…


DS Leasing ups 2006 turnover by 15 pct, with...

Czech leasing company DS Leasing financed deals worth Kc1.582 billion in 2006, a growth of 15 percent year-on-year. DS Leasing's…

#leasing


MFB and Commerzbank lose Ft100 m

Hungarian Development Bank (MFB) and Commerzbank have no choice but to enter a Ft100 m loss in their books, an…


Hitelgarancia new contract value rises to HUF 228.5bn in...

Hitelgarancia, a state-owned credit guarantor, signed more than 24,000 contracts guaranteeing borrowing worth a combined HUF 228.5bn in 2006, up…


BRD factoring operations, up over 150 pc

BRD Societe Generale last year registered turnover from factoring operations of approx EUR328m, 152 per cent up on 2005, the (more…)

#bank#import factoring#Societe generale

Postbank wins prize for factoring services

Postbank was awarded two prizes at the international financial exhibition Banks, Investments, Money. Postbank's factoring services, offered by EFG Factors…

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