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Europe

Critics claim credit insurance disaster looming

Calls come for the UK government to take urgent action to restore the strength of the credit insurance market or else the economy will face dire consequences.  (more…)

#guarantee#guarantees#liquidity

Trial of fraudsters continues

The trial of two former recruiters accused of defrauding the Royal Bank of Scotland (RBS) will resume on 20 April…

#bank#insolvency#invoice


EBRD and Raiffeisen extend funding to rural businesses

Raiffeisenbank and the EBRD have signed a second EUR 10 million Credit Line to be used to promote the financing…


HSBC pushing factoring to UK SMEs

HSBC has moved to encouraged SMEs to consider invoice finance when combating late payment and cash flow issues. (more…)


New code of conduct for SMEs

The Irish government introduced a new Code of Conduct for Business Lending to SMEs, conferring new rights on SMEs in their…


Transcapitalbank to establish factoring business

Russian bank Transcapitalbank (TCB) has agreed to set up a joint venture with US lender International Finance Corporation (IFC) and…

#bank#funding#international


SME guarantee fund still a way off

SME organisations express concern over the government's failure to reach a decision on whether to create a special Guarantees Fund to…


Government unveils emergency measures to save SMEs

The Irish government has unveiled a new Enterprise Stabilisation Fund as part of an emergency budget introduced to stabilise Ireland's…


IFC, EBRD and FMO supporting Georgian banking sector

IFC is joining forces with EBRD and FMO to support Georgia's banking sector with a $161 million investment. (more…)

#Access to Finance#bank#international


IFC extends further credit to Georgian banks

The International Finance Corporation has extended funding to another Georgian bank, this time Bank Republic, in its efforts to buoy up the…


Close Invoice Finance appoints new MD

Close Invoice Finance new MD for North of England. (more…)


Drop in supplier credit hurting SMEs

A recent survey revealed that UK SMEs are under just as much or more pressure from shrinking inter-company credit than…

#bank#invoice#management

EIB extends loans to Dutch SMEs

The EIB makes 300 million euros available to Dutch SMEs. (more…)

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