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Europe

Deutsche Bank to conduct more business with SMEs

Deutsche Bank, the largest bank in Germany, is planning to conduct more business with small- and medium-sized enterprises (SMEs). Over the last few years, the bank has focused on large corporate customers and neglected smaller companies, which has led to...

Small businesses reject chancellor

Despite prime minister Tony Blair's pledge to put small business at the top of the agenda at the last Labour…

#bank#cash-flow#conference


Raiffeisenbank gets Ђ10m credit line to fund SMEs

Raiffeisenbank Bulgaria received a Ђ10m credit line to finance the small- and medium-sized enterprises (SMEs). The funds are provided by…

#bank#investment#smes


EBRD supports SMEs in Moldova with US$5m loan

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


Eurofaktor to debut on Warsaw Stock Exchange

Eurofaktor, Poland's fifth-largest factoring firm plans to float over 2.4 million shares. At the same time the company's management, following…

#management#poland#trade


Insurance expert predicts rise in company insolvencies in coming...

Experts at credit insurer Euler Hermes expect a 0.8 per cent rise in company insolvencies to 38,000 in 2005, following…


Eurofaktor increases 2004 forecast

Eurofaktor, Poland's biggest non-banking factoring company, has increased its net profit and turnover forecast for this year. Having taken into…

#3M#poland


Invoice errors cost firms time and money

Thousands of British firms are not getting paid on time because they make basic mistakes on the bills they send…


Eurofactor changes hands

The French banking group Credit Agricole SA has finalised its acquisition of 49.09 per cent of French factoring company Eurofactor…


UK Business failures fall to record lows

According to experts at BDO Stoy Hayward, 2004 is expected to record the lowest number of business failures for six…


EBRD opens US$20m credit line for Russia’s SMEs

The European Bank for Reconstruction and Development (EBRD) is opening Rosbank a credit line for US$20m for five years to…

#bank#banks#smes


Bank’s export financing division to enter leasing market

The export financing division of German state-owned bank Kreditanstalt fur Wiederaufbau (KfW), has announced plans to enter the leasing market.…

#acquisition#bank#funding

Factoring and invoice financing boom as SME’s seek alternative...

Cash flow problems caused by late payment are the curse of small business, creating serious and sometimes terminal trouble for…

#bank#commercial finance#debt collection

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