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Eastern Europe

Eximbank tackles currency exchange risk

Eximbank will launch foreign currency exchange risk operations in March to support exporters, bank president Mariana Diaconescu said last week. "We will conduct currency exchange forward operations in support of exporters, and we hope to develop this product for exporters,...

Slovak Factoring Association has a new director

General meeting of Slovak Factoring Asociation (SFA) has elected a new director. Miroslav Bernat, general manager and head of board…

#bank#international#management


Atradius sees growth ahead on credit insurance market

Hungary's credit insurance and receivables management market is worth about HUF 2.5bn, but should grow significantly, as Hungarian companies do…


Michelin supporting SMEs

The Hungarian units of Europe's biggest tyre maker, Michelin, has started up the Economical Development Kht fund with the aim…


D.S. Factoring reports record revenues in 2004

D.S. Factoring, the receivables administration specialist, has announced increased revenues totalling CZK1.4 bn (Ђ47m) in 2004, a year-on-year increase of…


Factoring has not yet reached its full potential

Factoring companies are not new to the Czech market, having been active since the early '90s. However, experts say that…

#banks#exports#GDP


KUKE doubles credit insurance volume in 2004

Demand for credit insurance policies is growing. The Corporation for Export Credit Insurance (KUKE) insured $2.55bn worth of exports in…

#export credit insurance#exports#insurance


Fortis appoints new Country Manager for Poland

Fortis has announced the appointment of Alexander Paklons as country manager for Poland. Alex Paklons was formerly director marketing personal…

#bank#international#poland


NBS lowers key interest rates

The Slovak central bank (NBS) board has cut its key interest rates. As a result, two-week repo tenders will, as…


Aval gets next US$1.8m tranche under EBRD credit line

Kyiv-based Aval Bank has received the next US$1.8m tranche under the credit line of the European Bank for Reconstruction and…

#bank#guarantees#management


Improved credit register to provide more data about SMEs

The Czech National Bank (CNB) and the Czech Statistical Office (CSU) are teaming up to develop a new monitoring system…

#bank#banks#i


Citibank starts campaign targeting SMEs

Citibank is starting a campaign to attract SMEs, managing director Janos Horvath announced. The bank aims to boost both its…

#bank#guarantees#liquidity

Factoring company record report revenues in 2004

D.S.Factoring raised total revenues to record Kc1.4bn last year, up 60 % from 2003, as the company in the year…

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