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Europe

Factoring becomes increasingly popular, market set to grow

In 2002, the total value of invoices purchased by companies engaged in factoring activities reached ZL10bn, compared to ZL8bn a year earlier. About 1,000 companies used the service. Factoring is one of the few types of financial service that is...

In the aftermath of the Finance Credit scandal, KPMG...

Bank 1 Oslo will sue accounting giant KPMG and state authorized accountant John Haukland for NOK 337 (USD 50.5) million…

#bank#banks#insurance


UK’s leading credit management group rebrands

EULER Trade Indemnity, the UK’s leading credit insurer today rebrands as Euler Hermes UK. This is part of the roll…


Royal Bank of Scotland participates in US$31m bank loan...

A loan of US$30.9m loan has been granted by the European Bank for Reconstruction and Development (EBRD) to support the…


FDA Quarter 1 2003 industry figures are released

The latest FDA figures, announced today (27 May), indicate that more and more businesses are turning to export factoring to…

#exporters#exports#international


Government rescue of state firms “sacrifice SMEs” while Economy...

Criticism is levelled at the government by small- and medium-sized enterprise (SME) proprietors due to the methods employed to save…

#bankruptcy#economy#Jobs


Grant Thornton’s analysis of impact of late payment on...

By Patrick McLay, business advisory partner with Grant Thornton. Cashflow is the lifeblood of any business and the smaller your…


Small Business Minister unveils plan to deliver small business...

The Annual Business Plan for the Small Business Service (SBS) published today positions the Agency as an influencer and centre…

#leadership#small business#small businesses


SACE returns to profit and announces new guarantee product...

In view of the uncertain prospects of the world economy, SACE, the Italian export-credit guarantee agency, plans to increase the…


NMB-Heller Business Finance increase profits in 2002

NMB Heller Business Finance’s Consolidated Financial statement for the year ended 31 December 2002, shows the company has enjoyed a…

#3M#business finance


Bibby Factors International appoints Martin Warman as operations director

Martin Warman has been appointed operations director at Banbury-based Bibby Factors International. As a senior member of the management team,…

#commercial finance#financial services#international


Bibby Factors announces new head of sales

Leading business finance firm Bibby Factors has promoted Robin Goddard to the position of head of sales at their Bristol-based…

#bank#business finance#financial services

Daniel Smith joins Grant Thornton’s recovery and reorganisation practice

Grant Thornton has announced the appointment of leading recovery professional Daniel Smith, as a partner within its Recovery and Reorganisation…

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