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Europe

Raiffeisen Bank Polska doubles its annual profit and begins...

Raiffeisen Bank Polska (RBP) closed 2004 with a record net profit of PLZ.165.4 billion which is almost double the figure from 2003. In 2004 the bank increased the value of granted loans by 17% while the deposits grew by 8%....

#bank#GDP#Raiffeisen

Romanian central bank decreases its key interest rate

Romanian central bank decreased its key interest rate by 72 basis points to 15.75 per cent p.a. Central bank reacted…

#bank#inflation#interest


ProCredit Bank gets Ђ10m credit line for SMEs

The European Bank for Reconstruction and Development (EBRD) will extend a Ђ10m euro credit line for funding small- and medium-sized…


Davenham sale may fetch Ј50m

Manchester finance firm Davenham could be sold within weeks for more than Ј30m. Its private equity owners are hoping to…

#bank#banks#funding


Overdraft burden tests small businesses in the UK

Small businesses in the UK owe approximately Ј15.9 billion in overdrafts according to new independent research commissioned by GMAC Commercial…


Smaller firms call for opening of Swiss economy

The Swiss association of small- and medium-sized enterprises (SMEs) says it favours closer cooperation with the European Union and reforms…

#economy#smes#Two


Factoring group seeks external growth

Italian factoring group Banca Ifis intends to pursue external growth by acquiring another Italian group, says its chief executive Giovanni…

#Banca IFIS#bank#international


Atradius announces new Regional Director

Atradius has appointed a new Regional Director of the UK & Ireland, North American Free Trade (NAFTA) and Australasia at…


Cattles appoints new regional sales manager for the South...

Cattles Invoice Finance has recently appointed Alison Henshilwood as regional manager. Alison previously worked for Credit and Business Services in…

#awards#commercial finance#i


EBRD supports SMEs with US$5m loan to Moldindconbank

Entrepreneurs across Moldova will gain more access to finance following a US$5m loan from the EBRD to Moldindconbank (MICB), one…


Brokers urged to expand credit range

Brokers are being urged to expand their credit insurance range, following a survey by Coface UK, a leading provider. The…


Bank tax will cost OTP Bank Ft 9.6 bn

OTP Bank Rt announced which special bank tax each of its subsidiaries will choose to pay this year. Under an…

Factoring Ceskй Sporitelny with turnover Kc22.5 bn became a...

Total turnover of Factoring Ceskй Sporitelny increased by almost 40 per cent last year and reached Kc22.5 bn., with a…

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