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Eastern Europe

ING closes Handlowy-Heller acquisition

Dutch financial services group ING Groep NV said on Thursday that it had completed its acquisition of Handlowy-Heller (more…)

#bank#commercial finance#financial services

State backs Banca Comerciala Romana takeover

The Prime Minister met the general manager of Austrian Erste Bank to discuss the final stages of Banca Comerciala Romana…


Nord/LB announces plan to enter factoring market

 We are mostly interested in small- and medium-sized companies, said Jaroslaw Dabrowski, the bank's CEO. We want to expand our…


Euler Hermes' Hungary units see profits down

The Hungarian subsidiaries of Euler Hermes, a provider of credit insurance and manager of trade receivables, achieved consolidated after-tax profit…

#Atradius#exports#management


Bill on export insurance with state subsidy signed

The Senate returned the bill, which will enable the sale of the subsidiary of the export guarantee and insurance company…

#Bill#Commercial Credit#exports


Non-bank factors regulated by emergency ordinance

The activity of non-banking financial institutions (IFN), including factoring companies, will be regulated through emergency ordinance and not by law…

#bank#bonds#guarantees


New CEO at NLB Factor

The new chief executive officer and agent of NLB Factor was appointed at the end of 2005 having previously headed…

#bank#international#management


ING to buy remaining shares of Handlowy-Heller in Poland

ING has agreed to buy all remaining shares in Handlowy-Heller, a leading provider of working capital finance and factoring services…


Czech factoring market up 5% in 2005

The Czech factoring market keeps growing, as factoring companies in the country financed (more…)


HVB Bank extends contract with European Investment Fund on...

HVB Bank Hungary announced it has extended its agreement with the European Investment Fund (EIF) (more…)

#bank#EIF#guarantees


VB LB to get Ђ7m EBRD loan to support...

The EBRD is lending Volksbank – Ljudska banka (VB LB), the Slovenian arm of Austria’s Oesterreichische Volksbanken AG, €7m to…

#Access to Finance#bank#European Commission


Factoring revenue increases more than a third in 2005...

Members of the Hungarian Factoring Association (MFSZ), which account for all factoring business in the country, had combined revenue of…

Banca Comerciala Romana privatisation deal announced

The Privatisation Commission has announced the winner of the race for the acquisition of Banca Comerciala Romana (more…)

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