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Eastern Europe

Eurofaktor to debut on Warsaw Stock Exchange

Eurofaktor, Poland's fifth-largest factoring firm plans to float over 2.4 million shares. At the same time the company's management, following a study of its current financial standing, decided to increase its projected profit as of the end of the year...

#management#poland#trade

Eurofaktor increases 2004 forecast

Eurofaktor, Poland's biggest non-banking factoring company, has increased its net profit and turnover forecast for this year. Having taken into…

#3M#poland


Banca Transilvania gets Ђ32.5m for lending to SMEs

The European Bank for Reconstruction and Development (EBRD) is increasing its exposure to Banca Transilvania by a further Ђ7.5m, as…

#bank#international#Raiffeisen


SMEs to receive Ђ10m in extended financing programme

The London-based European Bank for Reconstruction and Development (EBRD) will extend its joint EU financing programme in Hungary by providing…

#bank#European Commission#leasing


Raiffeisen Bank Polska to finance medium-sized enterprises

Raiffeisen Bank Polska will receive a huge Ђ165(PLZ692)m loan from a consortium of 17 foreign banks. The bank's president, Piotr…

#bank#banks#Raiffeisen


Eximbanks sign cooperation agreement

Hungary’s Export-Import Bank (Eximbank) Rt and its Russian counterpart Rosseximbank, along with Hungarian export insurer MEHIB Rt, have signed a…

#bank#Two


Borrowing difficult for SMEs

The increasingly stronger position held by large foreign banks on central and eastern European markets, Romania included, tends to seriously…

#bank#banks#smes


Polish unit of Austrian bank Raiffeisen secures Ђ165m loan...

The Polish unit of Austrian bank Raiffeisen secured a Ђ165m syndicated loan to finance its growth in small-and medium-sized enterprise…

#3M#bank#i


MFB introduces HUF 100bn in new low-cost loans to...

The state-owned Hungarian Development Bank (MFB) will make another HUF 100bn in low-cost loans available to small businesses and local…

#bank#investments#risk


Factoring in success

Poland's largest non-banking factoring company, Eurofaktor, has completed subscriptions for its Warsaw Stock Exchange debut, set to take place within…

#investment#poland


EBRD to lend Ђ10 m to CAC Leasing

CAC Leasing will draw a loan from the European Bank for Reconstruction and Development (EBRD) of Ђ10 m. The contract…


NBS cuts key interest rates

National Bank of Slovakia (NBS) has cut key interest rates by 50 basis points. From Monday, 29 November, the one-day…

Societe Generale buys extra BRD stake

France's Societe Generale, majority owner of BRD-Groupe Societe Generale, bought the state's remaining 7.3 per cent last week. AVAS said…

#acquisition#bank#investment

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