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Europe

New Factor to Float on AIM

Potential Finance Group plc, which was recently established to provide factoring & invoice discounting services to small and medium sized businesses, based in the United Kingdom, is to be floated on AIM (Alternative Investment Market) on 4 August 2000. There...

#investment#invoice#management

Venture Finance expand their Product Range

Equity Participation and Trade Finance Services now available. Venture Finance plc has diversified its product range by introducing the above…

#invoice#trade


Magyar Annual Report

Key figures from Magyar Annual Report(HUF million) 1999 Total Assets 682,963 Shareholders' Funds 61,369 Profit before taxation 7,170 Capital Adequacy Ratio(BIS, unc.,%) 14.0% 


Management Buy-Out of Davenham Group for Ј60 million

The Bermuda based Bank of NT Butterfield & Son have made Ј60 million from an MBO of the Manchester based…

#bank#Bank Leumi#Leumi


Insolvency Service Crack Down on Crooked Directors.

The Insolvency Service’s Annual Report, released on July 20th, has shown a 20% increase in the number of unfit directors…


Enel Invests in Factoring

Enel, the Italian electricity group, has created Enelfactoring, a new company which will operate in the corporate factoring sector. The…

#bank#cash-flow


Hewitt Launches Business Debtline

Small Business Minister Patricia Hewitt on the 12 July 2000 launched the Business Debtline, a telephone helpline aimed at helping…


Factoring Turnover up 42%

The Spanish factoring sector posted a turnover of Pta2,288bn in 1999, up 42.16% on 1998 figures of Pta1,600bn, thanks to…


Fortis Bank Commercial Finance and FMN Financial join forces.

Fortis Commercial Finance Up and Running Fortis Bank Commercial Finance and FMN Financial will from now on be working together…

#bank#commercial finance#insurance


RDM branch out in Manchester.

RDM Factors have opened their tenth office in UK on 8 May. The new branch is located in Manchester and…


Euro Sales Finance Poised for International Expansion

Euro Sales Finance Completes 2nd Asset-Backed Securitisation Sructuring Euro Sales Finance PLC said it has successfully completed the structuring of…


Internet-based Debt Exchange to Open

Adossag Borze Kft on Wednesday announced that it will launch an internet debt exchange platform for factoring companies from June.…

Fall in Market Share for DG Diskont

The bank is a market leader in Germany in the field of factoring, but has suffered a drop recently in…

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