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Europe

Enterprise bid goes unconditional

Enterprise London declared its 107p a share hostile offer for Dynamic Commercial Finance unconditional after winning acceptances and buying more than 78 per cent of the shares. Enterprise, part of the GLE Group, will be applying for the cancellation of...

Legislation fails to curb late payment problems

The amount of time companies take to settle bills has risen to its highest level since 1998, when legislation was…

#insolvency#late payment#management


Sanpaolo IMI expands business loan scheme

Italian banking group Sanpaolo IMI is expanding its services to businesses with the recent introduction of a Ђ250m programme to…

#banks#smes


Bank in invoice discounting arrangement with collapsed advertising agency...

Receiver Tom Kavanagh is expected to apply to the High Court this week for permission to seek orders against the…


Banks co-operate in EUR15 million loan fund for SMEs

The German banking group of the state development bank Kreditanstalt fur Wiederaufbau (KfW), KfW Bankengruppe, has joined forces with public-sector…


Lloyds TSB Commercial Finance reports record performance in 2003

Lloyds TSB Commercial Finance (LTSBCF) has announced profits before tax for the year to 31 December 2003 of Ј52.53 million.…


SME bank reports spectacular profit increase, plans to expand

The Nord/LB Polska bank, which serves small- and medium-sized companies (SMEs), made a profit of almost zl.5 million (Ђ1.125m) during…

#bank#Boost#Nord/LB


Karl-Joachim Lubitz, spokesman of the Deutsche Factoring Bank, talks...

BCR talks to Deutsche Factoring Bank spokesman, Karl Joachim Lubitz about the most significant issues in the German factoring market…

#bank#guarantees#international


Versailles’ investors plan to sue

City investors who lost millions in the trading fraud at collapsed finance group Versailles plan to sue chairman and founder…

#Two#WHO


Growth of SME segment expected

Small- and medium-sized enterprises (SME) in Hungary are on course for serious competition in the free market. One of the…


ECGD reports Ј2.9bn support for UK exports in 2003/04

The Export Credits Guarantee Department (ECGD) has published its Annual Review and Resource Accounts 2003-04, showing that, despite another challenging…

#exporters#exports#guarantees


Dynamic Commercial again advises shareholders not to accept Enterprise...

Dynamic Commercial Finance PLC said it continues to unanimously recommend shareholders reject the offer by Enterprise London Ltd and not…

#commercial finance

Export credit agency report shows Ј2.9 splurge in 2003

The Export Credits Guarantee Department (ECGD) has published its annual review and resource accounts 2003-04, showing that it provided UK…

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