Europe

FIMBank have announced a joint venture along with the International Finance Corporation and the joint stock Bank Transcapitalbank to offer factoring services in Russia

EU companies are demanding that Bulgarian companies extend payment deadline, a situation which looks set to increase corporate debt in the country.

The European Investment Bank and Erste Group Bank AG have signed an agreement that will provide EUR 440 million to SMEs in Central and Eastern Europe

The President of the European Investment Bank stated yesterday that: The EIB stands ready to contribute to the development of the Eastern Partnership by financing sustainable investment projects

The EBRD and the UniCredit Group are joining forces to boost the flow of credits to SMEs across central and eastern Europe

According to the latest research from London-based working capital solutions provider Demica, firms in the supply chain are unable to sustain further stretching of payment terms.

The European Investment Bank's increased lending underscored its commitment to provide rapid, additional support for the European economy in the current crisis.

Crédit Agricole, the French bank, is considering merging Crédit Agricole Leasing and Eurofactor.

Eurofactor's Barometer provides an extensive survey of European business including an examination of receivables management.  

The European Investment Bank is extending 11 million euros to Central, Eastern and Southern European SME lenders.