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Eastern Europe

Eurofaktor initiates sale of subsidiaries

Listed factoring firm Eurofaktor will start negotiations on the sale of two subsidiaries (more…)

#Two

Further base rate cut announced

The Hungarian National Bank s (MNB) Monetary Council has cut the base rate by (more…)


Eurofaktor eyes ZL8m annual net profit

 Eurofaktor's vice president Miroslaw Nowicki is satisfied with the financial results in the second quarter (more…)

#smes#Vice president


Medicinos Bankas factoring portfolio quadruples

Compared to the first half of 2004, Medicinos Banka's factoring portfolio more than quadrupled year-on-year (more…)

#3M#bank


INVEGA guarantees SME loans worth LTL 36.41m

The company said its guarantees have helped small- and medium-sized enterprises (SMEs) to take loans worth (more…)

#3M#guarantee#guarantees


VUB Factoring appoints new chairman

He has worked in VUB Bank since 2003, first as director of the Business Finance department and then as director…

#bank#business finance#trade


SMEs fear Basel II will start credit squeeze

Small- and medium-size enterprises (SMEs) in the Czech Republic fear they will face a credit squeeze as a result of…

#bank#interest rates#international


Government grants budget increase helps fund SME projects

A total of 4,800 small- and medium-sized businesses (SMEs) received government grants worth (more…)

#Jobs#smes


Republic sees one-way flow of banks and insurers

Insurance and banking is seeing a flood of western companies into the Czech Republic, while Czech firms appear reluctant to…


ProCredit Bank Serbia receives Ђ15m boost

ProCredit Bank Serbia is receiving a 15m loan from the EBRD to help meet the growing needs of local entrepreneurs…

#bank#ING#international


Hungarian companies debt defaults balloon

The payment discipline of Hungarian companies is quickly deteriorating, with former late payers becoming non-payers (more…)


PPF sells CP Leasing to Credit Agricole's Sofinco

The PPF financial group has sold its CP Leasing subsidiary to (more…)

#bank#banks#Credit Agricole

NLB group consolidates regional presence with Continental banka takeover

The Serbian Minister of Finance Mladan Dzinkic and the director of the Agency for deposit security, rehabilitation, bankruptcy and liquidation…

#bank#financial services#international

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