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The number of insolvency procedures initiated against Hungarian companies has continually increased over the past few years a quite disturbing trend, according to (more…)
A merger of leasing companies belonging to Pekao and BPH would mean establishment of an entity with a leading market…
In recent months, all kind of speculations have been made on the number of SMEs that would go bankrupt after…
#conference#exports#smes
The Export Guarantee and Insurance Corporation (EGAP) is seeking a strategic partner for its commercial insurance subsidiary. EGAP, the state-owned…
ING Commercial Finance Polska says it could become the leader in the factoring market within a year and increase turnover…
#bank#commercial finance#ING
Hitelgarancia, a majority state-owned guarantor of loans to small- and medium-sized enterprises (SMEs), had retained earnings of (more…)
#guarantees#leasing#smes
The bank continued its expansion in the SME sector. SME client numbers rose from about 30,000 in 2004 to (more…)
#bank#international#SME lending
Financial consultancy Adossag Borze's Online Factoring Market saw the listing of receivables with a nominal value of HUF10.9bn (more…)
#banks#management#online factoring
Ceskoslovenská obchodní banka (CSOB) has acquired from NMB-Heller Holding 50 per cent of factoring company OB Heller and has become…
Jiri Matula is chief executive officer of Transfinance, the second largest factor in the Czech Republic. He is also Chairman…
#bank#international#invoice
The insurance watchdog has cancelled the licence of credit insurer Lietuvos Eksporto Ir Importo Draudimas (LEIID). LEEID has undergone reorganisation…
#insurance
The Lithuanian Government has resolved to allocate the remaining LTL 29m from the PHARE assistance programmes (more…)
#banks#financial services#SME loans
According to Mria Bank chairman Konstantin Vorushilin, Vneshtorgbank (VTB) is to open a $100m credit limit for Kyiv's Mria bank,…
#bank#SME lending#smes