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Europe

VTB entering Russian factoring market

VTB Group announced their expansion into yet another financial field, saying it will begin buying up struggling firms' accounts receivable as payment arrears across the country skyrocket. (more…)

RBS Invoice Finance defrauded

Legal proceedings reveal that RBS Invoice Finance were caught out by fresh air invoicing. (more…)


Factoring continues to grow in spite of downturn

Factoring is still growing by as much as 80 per cent in some developing countries despite the economic crisis. (more…)

#bank#banks#global trade


Revocation of factoring licence passes parliament

A move to remove the need for factors in Russia to operate with a licence has been passed by the…


Businesses forced to abandon the banks

Research reveals significant increases in credit refusal, driving business owners to seek out alternative funding options. (more…)


Hilton-Baird Financial Solutions win award

Hilton-Baird Financial Solutions wins best Asset Based Finance Broker of the Year. (more…)

#asset based finance#awards#business finance


Eurofactor extends management board

Eurofactor AG has extended its Management Board to three members with the appointment of Stefan Wagner and Peter Klaus. (more…)


SMEs and their lenders to be main beneficiaries of...

Several Romanian banks are in negotiations with the EIB to access loans intended for the country's ailing SME sector. (more…)

#bank#financial institution#international


SMEs expressing lack of faith in government

According to a new survey 75% of small businesses fee thatl the UK government should do more to help in…

#bank#management#small business


EIB rolls out funding support to Irish SMEs

Funding from the EIB has been welcomed by Irish business leaders and SMEs, but some argue that the funding has…


Insurers insist upon more recent accounts

Insurers are insisting companies yearly accounts are unlikely to show the real recession-battered picture.  (more…)


Enterprise Finance Guarantee 'not working'

The Enterprise Finance Guarantee (EFG), should be extended to asset-based lending if it is to have a real impact, industry experts said…

#asset-based lender#bank#business finance

Close Invoice Finance win award

Close Invoice Finance named Best Factoring and Invoice Discounting Provider for the fourth consecutive year at the Business MoneyFacts Awards.…

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