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Germany

Grenke Group new business up by 9.7 %

In the first half of 2007, the Grenke Group (incl. franchise partners) generated new business (the sum total of acquisition costs of newly purchased leasing assets and factoring volume) of EUR 251m (HY1-2006: EUR 229m). (more…)

ING provides factoring facility to Allbecon Olympia

Allbecon Olympia AG has arranged two credit lines with a total volume of EUR 65 million. The two credit lines…


Dresdner Factoring to register loss for 2007

Dresdner Factoring is anticipating a loss for 2007. The company expects to be in the black for the second half…

#management#WHO


Dresdner Factoring reorganization complete

The factoring company, which specializes in SME finance said expected cost reductions will be effective as of May 2007. (more…)


Coface Deutschland sees turnover and profit up for 2006

Coface Deutschland, the German subsidiary of French credit insurer Coface, increased post-tax profit from €1.6m to €14.4m last year, while…


Factoring and foreign activities promote GrenkeLeasing growth

GrenkeLeasing, the German leasing company, has reported a rise of 7 per cent in the volume of new business in…

#leasing


Dresdner Factoring AG: Annual report for 2006 published

The Group's earnings performance in the first quarter of 2007 is different for its two operating companies: TEWEFA Factoring GmbH…

#liquidity#management#receivables


Factoring a growing source of finance for SMEs

If they are denied a bank loan or if such a loan is too expensive, factoring in many cases is…

#bank#bank loan#BFM


Dresdner Factoring share plummets following profit correction

Dresdner Factoring, the German factoring service provider, has corrected its pre-tax profit for 2006 downwards by more than 80 per…


Dresdner Factoring restructures Board, corrects preliminary results

The Supervisory Board of Dresdner Factoring AG has passed a resolution to restructure the company's Management Board. It has appointed…

#leasing#management#receivables


Dresdner Factoring AG planning stock buy-back programme

The Management Board of Dresdner Factoring AG passed a resolution to buy back shares in accordance with (more…)

#management


VR Leasing and VR Factorem register strong growth

Turnover of the group's subsidiary VR Factorem soared (more…)

Allianz to close six Euler Hermes offices

Allianz, the German insurer, has revealed that it will close down six of the 17 offices of its subsidiary Euler…

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