Europe

The total turnover for the factoring and commercial finance industry in 2009 in the EU was

The EBRD has provided a new 110 million facility its to support for the growth of the private sector and improve SME finance in the Western Balkans, aimed

The Czech Leasing and Finance Association (CLFA) is the latest association to join the growing number of national associations in the Europe-wide EU Federation.

The new capital requirements for the banking sector risk harming SME finance unless their impact on the real economy is assessed beforehand

Nordea Finance is to use HPD Software s Aquarius system to support its Nordic and Baltic factoring business, it was announced today.

The EU Federation for the factoring and commercial finance industry has approved three new members.

Very small companies could be exempted from having to draw up annual accounts, after MEPs approved changes to EU accounting rules in Strasbourg on Wednesday.

This year saw the first annual figures published by the UK s National Fraud Authority. They made for worrying reading, with fraud costing the UK economy 600 per person every year - a figure double what had been previously thought. Much of the figure is accounted for by tax evasion and crimes unrelated to the factoring industry, but the financial services industry found itself at the centre of the storm as the biggest private sector sufferer, hit by 3.8 billion in annual losses.

The EBRD and Intesa Sanpaolo Group are collaborating to increase the availability of financing to the real economy sector in central and eastern Europe with a financing package of

The managing boards of Raiffeisen Zentralbank sterreich AG (RZB) and Raiffeisen International Bank-Holding AG are currently considering a merger of the two companies as a