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Europe

Magnus LLC to finance foreign trade

Through its Romanian representative office, American-based financial holding Magnus LLC has launched a US$50m loan programme for Romanian companies that conduct foreign trade operations. The minimum loan value will stand at US$100,000 and there will be no pre-imposed ceiling. The...

#guarantees#interest#interest rates

Atradius boosts its collections service

A global leader in credit insurance and credit management, Atradius NV, is boosting its collections service, with the appointment of…

#Atradius#debt collection#international


Industry Environment 02/03

INTRODUCTION In 2002 the UK factoring industry continued to grow at an impressive rate despite an atmosphere of stuttering business…


UK business confidence rises

Four out of ten business owners in the UK (40%) feel more confident about the economic prospects in the next…

#bank#banks#economy


Coface UK Receivables Finance has become the latest member...

Coface UK Receivables Finance, part of Coface UK, a leading provider of credit solutions for business, has become the latest…

#exporters#invoice#management


Lloyds TSB banking awards

Birmingham's Hyatt Hotel recently played host to the annual Lloyds TSB Commercial Finance Banking Awards. More than 100 guests gathered…

#awards#commercial finance


Factoring group shareholders authorise IPO

Shareholders of Banca Italease, the Italian leasing and factoring group approved the issue of 15.5 million new shares and gave…


Law re-confirms scope of insolvency act

Changes to the Insolvency Act 1986, which come into effect later on this week, explicitly provide that only limited companies…


Kredittbanken ASA makes offer for FactoNor AS

The Icelandic bank Islandsbanki said on 11 April that its Norwegian subsidiary Kredittbanken ASA had made an offer for all…

#bank#smes


SZRB to provide guarantees on Tatra Banka SME loans

Slovak Guarantee And Development Bank (SZRB) is to provide guarantees on Tatra Banka small- and medium-sized enterprises (SMEs) loans up…

#bank#guarantees#risk


Unicredit-Confindustria agreement fund allocation begins

On Monday the fund allocation for the innovations set by the UniCredit-Confindustria agreement will begin. The operative agreement worth Ђ1bn…

#bank#guarantees#international


SME Invoice Finance announces 50% increase in profits for...

Guildford based invoice finance company SME Invoice Finance have recently announced their financial results for the year to 31 December…

#commercial finance#invoice#WHO

Lloyds TSB Commercial finance extends its team

Lloyds TSB Commercial Finance recently appointed Keith Bennett as business sector manager. Keith will be responsible for managing the direct…

#commercial finance#i#WHO

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