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Europe

Trade Finance company, Versailles’, chiefs sentenced

Carl Cushnie and Fred Clough, the former chairman and finance director of Versailles, the trade finance house, were each sentenced to six years in prison yesterday for masterminding a Ј150 million fraud described by the presiding judge as “one of...

Ukreximbank signs loan deal with UBS

Ukraine's state export and import bank Ukreximbank has signed a loan agreement worth CHF50 million (Ђ33m) with Switzerland's UBS AG…


Competition in the factoring market intensifies

The chairman of the board of Nordea Finance Latvia, Maris Skujins, predicts that the factoring portfolio in Latvia could reach…

#exporters#interest#interest rates


Pekao thinks big by targeting smaller sized businesses

Bank Pekao SA has announced plans to increase its operations in servicing the small- and medium-sized enterprise (SME) sector, taking…

#bank#banks


CSOB arm division provides SKK2.5bn in SME loans; expects...

The Slovak arm of CSOB provided loans of SKK2.5 billion (Ђ62m) to small- and medium-sized businesses (SMEs) last year. The…


Banks compete for SME market

The rising demand for loans from small- and medium-sized enterprises (SMEs) has intensified competition among the largest banks, which have…

#bank#banks#economy


Lloyds TSB Commercial Finance backs Falcon’s expansion plans with...

A Norfolk-based crane business is aiming to double its annual turnover from the present Ј15m in the next 10 years…

#commercial finance#WHO


Atradius launches two new policies for SMEs

UK small- and medium-sized enterprises (SMEs) should take steps now to ensure that they are in a strong position to…


Scottish small businesses financing on plastic

The biggest annual survey of Scotland’s SMEs found that a staggering 25 per cent of Scotland's small companies are using…


FDI inflow rises

Foreign direct investments (FDI) in Bulgaria in the first quarter of 2004 totalled Ђ294.1 million, an increase of 13% compared…

#GDP#investments


EIU forecasts FDI to grow in 2004

The Czech Republic will receive foreign direct investment (FDI) worth $5 billion this year, according to the Economist Intelligence Unit…


Cattles funded MBO turns division into family-run business

Cattles Invoice Finance has funded the management buy-out (MBO) of Wakefield-based Grosvenor Transformers from the Grosvenor Group. The deal will…

#cash-flow#invoice#management

Slovak Guarantee and Development Bank to focus on SME...

The Slovak Guarantee and Development Bank (SZRB) will focus on the provision of an indirect form of guarantees with an…

#bank#guarantee#guarantees

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