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Europe

IGF Invoice Finance Ltd pre-tax profit soars

IGF Invoice Finance Ltd (IGF), part of the Greater London Enterprise (GLE) Group of Companies, has announced a pre-tax profit for the year to 31 March 2004 of Ј750,917, an impressive increase of 47.03% compared to the 2003 figure of...

Challenge Finance reports 2003 loss

Challenge Finance Ltd, the Sevenoaks-based invoice discounter, has reported a loss before tax of Ј568,599, compared to a loss of…


City Invoice Finance Ltd celebrates 5 years in business...

City Invoice Finance Ltd, the Manchester-based cash flow solutions company, has announced a pre-tax profit of Ј514,645 for the financial…


Exporters must do their homework or they could face...

British exporters must do their homework before targeting new overseas markets or they could end up with slow paying customers…

#Atradius#bank#Deutsche Bank


Factoring improves steelworks’ liquidity

After three quarters, Huta Ferrum steelworks is to present satisfactory results, says Jan Waszczak, the company's president. However, the company…

#bank#factoring contract#ING


Coface UK launches new receivables finance factoring service

Coface UK, a leading provider of credit solutions for business, has added to its range of credit management products with…


High Court told of disgraced Versailles director’s property portfolio...

Carl Cushnie, the businessman jailed for defrauding Versailles' investors, used the proceeds of his fraud to buy an Ј8.6m mansion…

#investment#investments#SAFE


Companies use increasingly efficient financial tools.

More and more Lithuanian firms use insurance of goods and currency fluctuation risks as a safeguard against possible losses while…

#bankruptcy#banks#insurance


Slovak EXIM Bank lowers base rate

EXIM Bank governor Ladislav Vaskovic has announced that the Slovak EXIM Bank has reduced its base rate for refinancing loans,…


Government extends export risk coverage to help Swiss exporters

The government has approved measures to compensate Swiss exporters who get their fingers burned abroad. Under these plans, exporters would…


US allocates US$ 40m to Ukraine to support small...

The US Overseas Private Investment Corporation allocated US$40m to Ukraine to support small- and medium-sized businesses (SMEs) and mortgage crediting…

#economy#investment#investments


Businesses bypass traditional loans

Just a few weeks ago, economics minister Wolfgang Clement said the main impediment to economic growth was the restrictive lending…

#bank#banks#bonds

Fixed charges over book debts

On 26 May 2004, the Court of Appeal revived the confusion of recent years by overturning the first instance decision…

#bank#financial institutions#insolvency

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