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Europe

London Scottish Bank says progress continues in second half

London Scottish Bank Group says its factoring and leasing divisions have continued to progress during the second half. Whilst the market is competitive the factoring division has built a high quality business with a strong return on investment. Leasing continues...

Banks receive US$50m line of credit from South Korea’s...

South Korea's Eximbank is to open a line of credit for Vneshtorgbank (VTB) and Gazprombank to extend short-term trade finance…

#bank#Exim Bank#trade


Interest rate rise could threaten SMEs growth plans

Despite being the first increase in almost four years, last week’s interest rate rise of 0.25 per cent to 3.75…


New British trade mission seeks business opportunities

Representatives of 16 British companies led by the London Chamber of Commerce and Industry (LCCI) will visit Romania from10 to…


Bibby’s takeover of Abbey National supports consolidation view

Bibby’s purchase of the factoring arm of Abbey National is another step towards their goal of becoming the largest global…

#acquisition#poland#Two


Cattles funds enterprising entrepreneurs

Funding from Cattles Invoice Finance has enabled four Leeds-based entrepreneurs to set up their own sheet metal engineering business after…

#cash-flow#funding#invoice


Enterprise Finance Europe (UK) first year results

Enterprise Finance Europe (UK) Ltd, a wholly owned subsidiary of Enterprise Finance Europe and part of the Bank of Ireland…


'Every small business in Russia has a foreign bank...

Russia is expecting a net private capital flight of more than US$13 billion in the last six months of this…


VUB investigated over Konsult Real Company loans

The Slovak Police unit for investigating extra-serious crimes is reported to have detected several crimes linked to the Vseobecna uverova…

#bank#bankruptcy#Exim Bank


France stays on top of European insolvency league

According to a study conducted by the German credit insurance company Gerling NCM, the number of company bankruptcies in France…

#insolvency#insurance


EIB loans will aid SMEs

With EU accession looming, the European Investment Bank (EIB), the Union's development bank, has been busy extending loans to Hungary…


Abbey agrees sale of factoring operation to Bibby Financial...

Abbey National plc (Abbey) has reached an agreement to sell its factoring business to the Bibby Financial Services Group. The…

#bank#financial services#invoice

Drop in company insolvencies no real tonic for the...

The number of company insolvencies in England and Wales in the second quarter of 2003 has dropped by 11.2% on…

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