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Europe

New chairman for SME bank

The French state-controlled bank for SMEs has appointed as chairman, Jean-Pierre Denis, former head of Dalkier, a subsidiary of French environmental services group Veolia. The government, which owns 54.53 per cent of BDPME, had been looking for a replacement chairman...

#bank#management#SME bank

EBRD report upbeat about economy but criticizes bankruptcy laws

The European Bank for Reconstruction and Development (EBRD) has identified flaws in the legal framework for business and the bankruptcy…

#bank#bankruptcy#insolvency


Cattles funds MBO with invoice finance deal

Cattles Invoice Finance has funded the management buy-out (MBO) of Bradford-based Slimline Windows Limited, manufacturers and installers of new pvc…

#invoice#management#trade


Cattles Invoice Finance reports Ј1.7m profit in 2002

Cattles Invoice Finance Group (Cattles IF) has recorded a pre-tax profit of Ј1.78m (Ј1.30m: 2001) and a gross income figure…

#financial services#invoice#management


Survey highlights accountants’ views on invoice finance

When recommending an invoice finance supplier, professional advisors’ top three considerations were, in order of importance: to be part of…

#bank#financial institution#invoice


Central bank hikes intervention rate

Romania’s central bank board has decided to increase by one percentage point to 21.25 per cent its intervention rate in…


Minister re-defines SME turnover limit and hails mooted rise...

Moves to raise the audit threshold for small companies to Ј5.6m have been welcomed by the Secretary of State for…

#economy#small business#smes


Changes in Hungary’s venture capital scene

The president of the Hungarian Venture Capital and Private Equity Association (HVCA) Juliбn Tzvetkov, says he expects fundamental changes in…

#bank#banks#conference


Merchant Trade Finance and Merchant Commercial Finance results

Trade finance companies Merchant Commercial Finance Limited (MCF) and Merchant Trade Finance Limited (MTF) have published their financial statements for…


Caisse d'Epargne begins integration of SME and operations including...

CNCE, the central bank that heads the Caisses d'Epargne network of French government-owned, not-for-profit savings banks, confirmed yesterday that it…

#bank#banks#international


Direct foreign investments grow about 63.3%

Direct foreign investments (DFI) in Ukraine grew by 63.3% ($741.6m) in January-September, the State Statistics Committee announced. The total volume…


Crйdit Agricole reports growth in Q3 net profits as...

Crйdit Agricole, the French mutual bank, yesterday shrugged off analyst worries about its ability to keep pace with the recovery…

Broadcastle moves towards invoice discounting

The decision by specialist bank and finance group Broadcastle to focus on business-to-business work is paying off. Moving away from…

#bank#invoice#leasing

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