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Germany

Stratos becomes exclusive distribution partner of efcom

Leipzig based company is the first IT-Full-Service-Provider within the European Factoring market. (more…)

#AR#Efcom#management

PayPal will launch on-line factoring

The online payment service PayPal and the Factoring Services Bill Safe have recently announced a partnership which will expand the…


Dresdner Factoring COE’s unexpected resignation

Dresdner Factoring announced today an unexpected resignation of CEO Bernward Rohmann, with immediate effect .   (more…)


Fraudulent factor?

The German financial news source Financial Test reported today that it has discovered that behind the company ... (more…)


New debt collection portal is launched

A new partnership between the Aktiengesellschaft corporation factoring portal and the Universum Group, which focuses on collection and debt management,…

#debt collection#management#smes


Grenkeleasing reports new business growth

GRENKELEASING AG, Baden -Baden leasing and factoring company, on Monday, reported the new business volumes of 492 million for the…


Valovis commences factoring

The former Karstadt Quelle Bank, which formed a part of previously bankrupted Arcandor Group, is now trading as Valovis Commercial…

#bank#investment


First signs of double dip?

Germany's number of business insolvencies increased 2% in the first half of the year... (more…)

#insolvencies#insolvency


Noa Factoring AG (Quorum) bankrupt

The Noa Factoring AG (Quorum), Noa Bank GmbH Co. KG, Targas GmbH and Quorum Property Finance Ltd. have declared bankruptcy.…

#acquisition#bank#bankruptcy


Dresdner Factoring AG increased its earnings forecast

Dresdner Factoring AG increased its earnings forecast (consolidated / IFRS) and is now awaiting for the fiscal year 2010, a…

#economic recovery#GDP


German financial authority orders Noa Bank to cease services

The German Federal Financial Supervisory Authority, BaFin, has ordered the recently formed Noa bank to close to customers in order…

#BaFin#bank#insolvency


German Factoring Association reports increase in sales and customers

The German Factoring Association has reported a sharp rise in sales and customer numbers amongst its members in the first…

#bank#Boost#crisis

Credit constrains for German businesses continue to reduce

According to the report published yesterday by the Ifo Institute for Economic Research at the University of Munich, credit constraints…

#bank#banks#crisis

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