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Europe

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…)


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…


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

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