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Europe

VTB raises over Ђ27m from German bank

Vneshtorgbank (VTB) has raised more than Ђ27 million under a 6.5-year credit agreement with AKA Ausfuhrkredit-Gesellschaft mbH for long-term import financing covered by export insurers EULER HERMES (Germany) and SACE (Italy). ING-BHF Bank AG and Deutsche Bank AG are the...

#bank#banks#Deutsche Bank

Factoring market grows 73% since January

Ukraine's nascent factoring market is dominated by just two banks and lack of awareness of the profitability of the business…

#bank#banks#GDP


Another plan to help SMEs

Krajowy Fundusz Kapitalowy (KFK), the country's capital fund should help small- and medium-sized enterprises (SMEs) to obtain funds for investments.…

#financial services#poland#smes


Small firms take upbeat view of economic outlook

The Small Firms Association (SFA) described the economic outlook for the remainder of the year as positive yesterday, but it…

#economic outlook#economy#inflation


CzechInvest attracts 60 new projects in first half

Czech Invest, the government agency founded to support direct investment in the Czech Republic, attracted 60 new projects worth a…

#investment#investments


BPPG responds to late payment research issued by Experian

The Better Payment Practice Group (BPPG) holds the view that action is required by all sectors of the business community…

#interest#late payment#management


Central Bank revokes bank’s licenses

The Central Bank has revoked the licenses of Promeximbank, the Commercial Savings Bank (KBC bank), and Moszhilstroibank, CB officials confirmed.…


Enterprise bid goes unconditional

Enterprise London declared its 107p a share hostile offer for Dynamic Commercial Finance unconditional after winning acceptances and buying more…


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.…

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