Europe

Seventy five per cent of top European banks still believe growth prospects for Supply Chain Finance (SCF) to remain strong or very strong , according to Demica s latest research report on the Supply Chain Finance market conducted amongst the top 40 European banks.

German-based ABS Global Factoring AG has acquired 66.6 per cent of SME Factoring AG.

The European Commission has requested France and Luxembourg to reduce administrative burdens on SMEs.

Policies to support SMEs should be at the heart of the EU's economic recovery plan, according to the Small Firms Association (SFA).

Germany's Deutsche Bank has teamed up with SEB of Sweden to establish a supply chain finance (SCF) programme for mutual customer Electrolux.

SME Envoys from countries all across the European Union have met in Brussels to shape a strategy aimed at freeing the growth potential and competitiveness of SMEs.

Atradius s new survey of EU firms show that 65 per cent of exporters apply the same credit management tools to emerging markets as they do to traditional economies

IFG has announced the addition of two new members in Poland and Bulgaria.

Despite its long standing position as a well established, developed factoring market, recent reports continue to find SMEs in the UK unaware or wary of factoring. But do other major European markets face a similar issue and could the industry s lingering last resort reputation be to blame? Factorscan talks to industry experts in the UK, France and Germany to find out.