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Eastern Europe

Nearly 14 per cent growth in Lithuania's factoring market

The aggregate factoring portfolio of Lithuanian banks and leasing firms at the end of September was LTL 590.3 m, up 13.7 per cent on year-on-year basis. On September 30, local and international factoring totalled LTL 500.5 m and LTL 89.7m...

CSOB Slovak branch nets SKK 540m in 9M

The Slovak branch of the Czech bank CSOB raised its net profit to SKK 539.35m in Jan-Sept 2004 from CZK…

#bank#banks#insurance


EBRD to open US$10m credit line to Agio bank...

The European Bank for Reconstruction and Development (EBRD) is to open a US$10 m direct credit line to AGIO Bank…

#3M#bank#forum


HVB announces plans to enter the factoring market and...

Matthias Kunsch, managing director of HVB Bank Hungary announced that, contrary to earlier plans, HVB did not set up a…


KUKE improves results, as more firms are eager to...

KUKE, the Polish export credit insurance agency, has collected contributions worth nearly ZL64m over the first three quarters of the…


Foreign investment to break US$5bn in 2004

Since the beginning of the year up to the end of September, 164 foreign entities announced, or actually carried out…

#crisis#investment#investments


Factor is new player on Warsaw Stock Exchange

Eurofaktor, Poland's biggest non-banking factoring company, was one of six new companies to enter the Warsaw Stock Exchange on Friday.…


Investment Development Agency seeks a legal advisor

The Slovak Agency for the Development of Investments and Trade (SARIO) announced a public contest to select a company to…

#investment#investments#trade


Finance minister welcomes interest rate decision

Finance minister Tibor Draskovics welcomed the Monetary Council's 50 basis point rate cut on Monday, citing it as a sign…


Atradius boosts Polish trade

In Poland, the number of companies that insure their trade debts is growing. But, compared to Western countries, this number…


Finansbank secures syndicated loan for business finance and to...

Finansbank Romania has obtained a Ђ15m syndicated loan arranged by Alpha Bank's London branch, The Bank of New York and…

#bank#business finance#exports


Uralsib-Moldfactor SRL has started in the Republic of Moldova

National Factoring Company Uralsib-NIKoil (new "factoring" brand of financial corporation Uralsib, ex financial corporation NIKoil) has established its first subsidiary…

Factor plans float

Eurofaktor, the country’s largest non-banking factoring company, has revealed plans to debut on the Warsaw bourse. Eurofaktor hopes to raise…

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