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Eurofactor, the factoring subsidiary of French credit-insurance group Euler & Hermes, has seen its profits plunge into the red, down from a profit of 5.7m euros in 2001 to a loss of 4.5m euros in the first half of 2002....
#Allianz#bad debts#interest rates
Jean Philippe Guillaume has been appointed managing director of French factoring company Compagnie Generale d'Affacturage (CGA), which is part of…
The European Commission said it cleared under EU merger regulation the acquisition by Natexis Banques Populaires of control of Compagnie…
#acquisition#European Commission#insurance
Gils Berrous has been appointed chairman of the management board of Factorem, the factoring subsidiary of French banking group Natexis…
#management
Swiss Life/Rentenanstalt said it would acquire the French life insurance operations of Fortis, the Dutch/Belgian financial-services conglomerate, at a price…
The Paris-based credit insurer and international financial services group, Euler, has recorded a dramatic acceleration of the amount of its…
Transfact, the factoring subsidiary of French rural bank Credit Agricole, has announced the launch of Immedians, an online financing service…
The credit insurer and provider of other diverse financial and management services, Euler group, has recorded a rise of 15%…
#Allianz#international#management
The leading French factoring specialist, Factofrance Heller, has become part of GE Capital, the financial arm of General Electric, following…
There are very few factoring companies in France (25 at the end of 2000), and the five main players in…
#Factofrance#Two
Rumours have emerged that Credit Agricole SA, parent company of French factors Transfact, is to float on the Paris stock…
The French Bank Credit Agricole, owners of the French factoring company Transfact, has acquired 21million shares (equivalent to 1.2%) in…
#bank#Credit Agricole#Italian factoring
In the first half of 2000 investment in start-up companies in France rose by over 25% to FF3.4 bn from…