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Europe

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 to the same period last year, spokeperson of CSOB branch in Slovakia, Marta Krejcarova announced. CSOB group also includes a factoring...

Top- level resignations at GMAC prompt urgent talks with...

One of the UK’s most prominent factoring organisations, GMAC, is today, faced with the urgent task of replacing three of…

#interest


FDA research reveals SME Directors’ top business and personal...

Research released today by the Factors and Discounters Association (FDA) reveals that being able to provide for retirement was the…

#bank#cash-flow#invoice


Experian expands its market leading fraud solutions business

Experian®, the global information solutions company, has strengthened its fraud solutions team with three new high profile appointments. Michael Fuller…

#anti-money laundering#bank#financial services


Venture Finance appoints new regional director Wales and West

Venture Finance today announced its continued expansion across the UK, with the appointment of Kelvin Thomas as regional director for…

#bank#commercial finance#invoice


Credit line for SMEs of Ft 25 bn

The Economy and Transport Ministry, the Hungarian Investment and Trade Development Kht (ITD Hungary) and the Hungarian Development Bank Rt…


ID theft costs UK businesses more than Ј50 million...

UK businesses are being duped out of more than £50 million every year by organised criminals and fraudsters hijacking companies…


2004: Business benefit from FDI of Sk313bn in 2004

Compared to 2003 there was a decrease in foreign direct investment (FDI) of Sk8.7bn (Ђ220m) to Slovakia. The majority of…

#investment#investments


Finansbank seeks more funds to support SME and foreign...

Finansbank Romania will increase its loan resources for foreign trade and SMEs by Ђ10m from new subordinated and syndicated loans,…


Lloyds TSB Commercial Finance profits up by 10%

Lloyds TSB Commercial Finance has reported a profit of Ј57 million for 2004, a ten per cent growth on the…

#asset-based lender#commercial finance#funding


Bulgaria to reduce VAT after 2007

Bulgaria will reduce the Value Added Tax (VAT) rate from the current 20% to 18% from 2007 under the new…


HNB base rate cut

Hungarian National Bank’s (HNB) Monetary Council (MC) cut down the base rate by 25 basic points to 7.50%, HNB announced.…

Eurofactor sells remaining shares in Elysees Factor

CCF, the French bank, is to acquire the entirety of its factoring subsidiary Elysees Factor through the purchase of a…

#bank#Credit Agricole

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