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UK finance specialists, Close Brothers, have extended their operations in Ireland and are targeting SMEs with tailor-made asset and invoice finance packages, Business Leadership reports. (more…)
Pragma Factoring has purchased 173 million zl worth of receivables in the third quarter of 2011, a 59 per cent…
Finnish export credit agency Finnvera has merged two units to form one SME financing division, GTR reports. (more…)
#SME financing#Two
Banks will no longer have to pay VAT when selling non-performing loans to other entities, such as foreign subsidiaries, other…
Invoice finance specialist Bibby Financial Services has promoted Mark Riches to sales director for its international trade finance business. (more…)
#exporters#Flexible Funding#international
The European Bank for Reconstruction and Development (EBRD) is lending the leading Polish cooperative bank association, BPS, up to 25…
#bank#MSME#small business
The Duff Phelps Corporation, an independent financial advisory and investment banking services firm, has acquired MCR. (more…)
#acquisition#banking services#insolvency
Lloyds TSB Commercial Finance has provided a £35 million receivables finance line to partly fund the management buy-out (MBO) of…
#bank#commercial finance#Lloyds Bank
The proportion of small British firms which were turned down for bank loans quadrupled between 2007 and 2010 and was…
The European Commission has submitted a proposal to implement a new regime to freeze both pre and post-judgment bank accounts…
#bank#European Commission#guarantee
Nearly half of SMEs have cash reserves available, but many see the economic climate as too uncertain for investment, according…
Bank of England (BoE) governor, Mervyn King, has called for the government to set incentives for banks to boost lending…
#bank#Bank of England#credit risk
Lloyds TSB Commercial Finance has joined forces with Speedy Hire plc's (Speedy) lead arrangers to provide a £220 million asset-based…