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Europe

Pescanova’s management to face criminal liability

The audit exposes Pescanova's loss concealment and false invoicing. (more…)

#fake invoices#management

Lloyds Banking Group to renew GBP7m facility for ceramics...

Pottery brand Denby secure GBP7m facility to support geographical expansion. (more…)

#cash-flow#invoice


UKEF boosts British industry with USD700m finance guarantee

The UK's export credit agency, UK Export Finance (UKEF), has announced that it will guarantee US$700 million (£450 million) of…

#exporters#exports#guarantee


Postal firm secures GBP10.5m finance package

Warrington-based postal operator Secured Mail has undergone a GBP10.5m refinancing. (more…)

#commercial finance#funding#invoice


EBRD steps up support for Romanian SMEs

EBRD to provide EUR80 million facility to Banca Comerciala Romania (BCR). (more…)

#bank#funding#smes


Bakkavor takes GBP80m receivables securitisation

Bakkavor, ready meal and fresh produce group, secures GBP360m refinancing, including GBP80m receivables securitisation facility. (more…)

#bank#international#receivables


Nordea’s Polish assets sold to PKO BP

PKO BP and Nordea Bank Polska merge: factoring and leasing assets go to PKO Leasing. (more…)

#bank#international#leasing


Study: Europe’s top public companies sitting on EUR762bn excess...

Europe's largest listed companies are still struggling to convert sales into cash, according to research from working capital consultancy REL.…

#cash-flow#interest rates#management


Santander and BBVA boost state-owned media group’s liquidity

RTVE has said it has used EUR70 million of working capital finance facilities from Santander and BBVA. (more…)


Bibby Financial Services appoints Chief Commercial Officer for Europe

Graham Byrne appointed as Chief Commercial Officer for Europe. (more…)

#bank#banks#financial services


Lloyds TSB supports business expansion through invoice finance

Lloyds TSB Commercial Finance provided GBP12 million invoice finance facility a start-up business. (more…)


Citi to provide EUR200million to facilitate Greek exports

Citi agreed to provide EIB-supported credit facility to confirm letters of credit and other trade finance instruments of Greek banks.…

CITR: Business borrowing jeopardises SMEs’ existence

Insolvency specialists, Casa de Insolventa Transilvania (CITR), names five main reasons for business insolvencies. (more…)

#insolvencies#insolvency#management

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