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Europe

Capital Bank Cashflow Finance Limited Record Pre-Tax Loss

Capital Bank Cashflow Finance Limited have released their annual accounts for the year ended 28 February 2001. Turnover has fallen by 9.66% to Ј15.926million from the 2000 figure of Ј17.628million. A pre-taxation loss of Ј473,000 was recorded. This compares with...

#bank#BCR Publishing#cash-flow

Konsolidacni Banka Record Q1 2001 Loss

The Czech state-run factoring bank, Konsolidacni Banka, has announced a first quarter loss of 933million koruna which compares with a…


Danske Bank sells BG Factoring to NCM

Danske Bank sold its subsidiaries BG Factoring A/S and BG Garanti Forsikringsselskab A/S to the Dutch-owned NCM group effective from…


Haulage Seminar, National Motor Museum, Gaydon, Warwick, UK: Tuesday...

In light of the problems that the haulage industry has been facing, the accountants Grant Thornton, renowned for their expertise…


Late Payment Guarantees Added to Coverclick’s Product Range

Coverclick.com, the web-based credit insurer backed by Royal & Sun Alliance, has added another first to its product range. Following…


“Complex Monopoly” of Banks Damages Small Businesses

Small businesses are being hindered by excessive loan and current account payments due to banks running a “complex monopoly”, according…


Hansabank to buy Lithuania’s Second Largest Bank

Hansabank, owner of the largest factors in the Baltic states, Hansa Leasing, yesterday strengthened their pan-Baltic network by signing a…

#bank#leasing


Independent Growth pulls IPO

Factoring group Independent Growth Finance Plc, the holding company for GLE Invoice Finance, said on Monday it was scrapping its…


Shake-up at Euro Sales Finance

On 9 April 2001, Euro Sales Finance (ESF) announced that it was examining with its lead banks ways in which…

#bank#Deutsche Bank#funding


UK Businesses Urged to Participate in Consultations over European...

The Better Payment Practice Group is urging UK businesses to take part in the consultation process on implementing a European…

#European Commission#interest#late payment


GLE Invoice Finance to Launch Invoice Discounting

The Kent-based factoring company, GLE Invoice Finance, have announced the expansion of their product range to include invoice discounting. The…

#funding#invoice#management


Svenska Handelsbanken Bid for Midtbank

Yesterday Svenska Handelsbanken, the largest bank in Sweden and parent of one of the Swedish factoring industry’s major players, Handelsbank…

Manufacturing Economy Contracts as Book Orders Fall

The Purchasing Managers’ Index (PMI) survey in March indicated marginal falls in both output and order books. The worst performing…

#economy

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