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Europe

Renovo buys Ultimate Finance Group

Former pharmaceutical company enters receivables finance market. (more…)

#commercial finance#receivables#security

Three hundred creditors affected by insolvency of Austrian cheese...

Insolvent cheese producer wants to continue to use factoring; banks yet to approve. (more…)


Santander looks into lend-to-save market opportunities

Santander may enter the rapidly growing peer-to-peer market and team up with one of its biggest players, reports have claimed. The…

#bank#banks#Boost


Sale of receivables may increase business tax burden

Discounts on the sale of receivables are seen as taxable trade income under new Trade Tax Act. (more…)

#interest#invoice#receivables


Bibby: Late payment is twice the problem for firms...

The number of small and medium-sized businesses (SMEs) with cash available to invest in future growth has drastically fallen... (more…)

#financial services#invoice#late payment


EIB and ING agree EUR40m SME financing deal

The European Investment Bank (EIB) and ING Bank Romania has signed a loan contract for EUR40 million in Bucharest. (more…)

#bank#funding#ING


Arbuthnot to enter invoice finance market with BoE funding

Arbuthnot Banking Group has announced its plans to enter the asset finance and invoice finance business, aided by cheap funds…

#bank#Bank of England#invoice


Hungarian SMEs still undertake foreign currency risk

Funding for Growth Scheme has enjoyed SME attention. (more…)

#bank#Raiffeisen#Raiffeisen Bank


Italian lender securitises EUR1billion worth of SME loans

Popolare di Vicenza sold EUR1B of asset-backed securities. (more…)


Euler Hermes UK launches web-portal for brokers

Euler Hermes UK launches new online portal to enhance broker relationships. (more…)

#insurance#trade#trade credit


AFC: Business payment practices are disappointing

AFC publishes disappointing results of the payment discipline study. (more…)


Eurofactor consolidates German and Benelux business

Eurofactor AG integrates its Belgian sister company Eurofactor NV-SA, which becomes Eurofactor Benelux, a branch of Eurofactor AG. (more…)

EUR1bn factoring programme launched in Lombardy

Lombardy Region s administration partnered with factoring companies to pay its debts to suppliers. (more…)

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