Europe

Credit insurance provider, Euler Hermes SA, has reduced the volume of insurance it sells for the protection of companies from defaults of their Greek and Spanish customers in the wake of the euro-zone crisis, according to Management Board Chairman Wilfried Verstraete.

The European Bank for Reconstruction and Development (EBRD), the International Finance Corporation (IFC), the Netherlands development bank (FMO) and the Black Sea Trade and Development Bank (BSTDB) will invest in the Caucasus Growth Fund, according to recent EBRD statement.

Creditreform business intelligence last week published a report on payment performance in various European countries.

European Investment Bank (EIB) funding for SMEs reached a record level in 2011, according to a recent news release.

The European Bank for Reconstruction and Development s Trade Facilitation Programme (TFP) team have launched a new quarterly magazine entitled Trade Exchange.

At a press conference to present Santander's full-year results, Chairman Emilio Botin announced that Santander are in talks to purchase a Polish bank although he did not elaborate on the negotiations, nor did he disclose the name of bank that could be purchased.

Edward Wilde, who is Legal Council to the ABFA, examines the UK Government and EU Commission reviews of the laws applicable to assignments in respect of the proposed changes to Rome 1 regulation.

Equinox Global, an approved Lloyds of London cover holder specialist in trade credit insurance, has appointed Alban De Malherbe to launch a French office.

In a Factorscan news item, published on Thursday 15 December 2011, regarding Credit Agricole and their recent job cuts, it was stated that ...

Deutsche Bank AG has signed contracts with HPD Software for the rollout of Aquarius across their European sites.