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Europe

Late payments cost transport and communication businesses 46,440 hours...

The business services sector remains one of the worst hit for late payments, according to independent research carried out by one of the UK’s leading corporate funding specialists GMAC Commercial Finance.  Businesses in this sector are forced to spend at...

#bank#commercial finance#invoice

Parex Bank seizes leasing opportunities in CIS countries

The Latvian bank Parex plans to exploit leasing opportunities in the transport sector by targeting the Commonwealth of Independent States. …


Hansabankas report 55% growth in leasing services

The Hansabankas Group has seen its leasing contracts grow by 55% from the same period last year to LTL 338.4m…

#economy#financial services#investment


Ђ2.5m credit line for SME’s granted by Siauliu Bankas

The Lithuanian Bank Siauliu Bankas and the Council of Europe Development Bank (CEB) have signed an agreement for a €2.5m…


UK SME’s burdened with rise in employer liability costs

New regulations could drastically increase the premiums of employer liability insurance, warn Bibby Financial Services. The Health and Social Care Act,…


Banco Italease purchases Factorit

Banca Italease Spa has purchased Factorit Spa on 6th May 2005 for €313,411,831.  Banca Italease Spa, established in 1668 is…


South West SME’s given financial boost

Small- and medium-size businesses in Plymouth have been given a financial boost through the European Social Fund.  The £2.4 million…


Close Invoice Finance reports pre-tax profit up 10.6% in...

Close Invoice Finance Ltd, part of the Close Brothers Merchant Banking Group, has reported pre-tax profit of £7.22 million for…

#bank#invoice#WHO


Oseo SME financing totalled 7.5bn euros in 2004

Oseo, the holding group for France's bank for the development of small- and medium-sized enterprises (SMEs), BDPME and its national…

#bank#guarantees#risk


Manufacturers' orders and confidence fall in most regions –...

Most UK regions saw new manufacturing orders fall markedly in recent months, with manufacturers in large parts of the country…

#Clear#economy#exports


Euler Hermes Q1 turnover up

Euler Hermes, the French credit insurance company, saw its turnover rise by 7.2 per cent, to €478m, in the first…


Factoring group to acquire Eurofactor

Transfact, the factoring division of French banking group Credit Agricole, will incorporate sister company Eurofactor on 1 October, with the…

CSOB’s Q1 profit drops

Net profit of CSOB bank branch in Slovakia dropped to Skk 44.7m (€1.15m) in 1Q, a decrease of Skk171m compared…

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