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Europe

Polish Getin Bank plans to launch factoring operation

Polish Getin Bank plans to launch factoring operations in Ukraine. (more…)

#bank

Banca Italease H1 factoring up 24.04 per cent

Banca Italease SpA said factoring turnover in the first half 2007 rose 24.04% to EUR9.472bn. (more…)


GE Heller Bank appointment

GE Heller Bank, the German factoring bank, has appointed Jorg Diewald to its management board. (more…)

#bank#management#risk


Lloyds TSB posts strong profit growth in H1

During the first half of 2007 Lloyds TSB Group reported a growth in profits of 15% (more…)


Euler Hermes acquires the assets of Resolve2Collect

Euler Hermes has completed an asset purchase with Resolve2Collect Limited Ireland. (more…)


Tenon acquires HMT Corporate Recovery

Tenon Group PLC acquires Hurst Morrison Thomson Corporate Recovery in the Thames Valley. (more…)


Banca Italease realigns risk management after losses

Directors and auditors at Banca Italease have resigned and the bank has realigned its risk management department in the wake…

#bank#management#risk


Late payment law ignored by UK businesses

The vast majority of UK business are not taking advantage of legislation specifically designed to help protect them against slow…


EBRD strengthens Bank of Baku’s SME financing

MSEs in Azerbaijan will benefit from a US$3m loan to Bank of Baku for on-lending to local businesses, assisted by…

#bank#international#International Trade


SMEs to get EUR100m from Jeremie programme

The European Investment Fund will finance an account and an office in Romania to manage the EUR100m of the Jeremie…

#economy#financial institutions#guarantee


Invoice finance fraud rising

More than 40 per cent of the sales ledgers, an invoice finance and factoring specialist undertook to examine on behalf…


Bank Austria Creditanstalt takes over FactorBank

Bank Austria Creditanstalt purchases 100 per cent of the shares in FactorBank by purchasing shares from Raiffeisen Zentralbank and Oberbank.  (more…)

Bank of Italy orders directors of Banca Italease to...

Italy's central bank has ordered Banca Italease to elect a new board and raise capital after spendng EUR610m to unwind derivatives…

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