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The German Federal Supreme Court allayed concerns that a global assignment would not survive the insolvency of the respective originator. (more…)
#assignment#insolvency#receivables
In the first nine months of 2007, the GRENKE Group generated a volume of new business of €374.3m. (more…)
#3M#acquisition#GRENKE
Coface Germany is to expand into business with private customers and will offer companies policies that cover deliveries to consumers.…
#insolvencies
Dresdner Factoring saw its volume of receivables purchased rise by 65% to almost €108m for the first half of 2007.…
Volksbanken/Raiffeisenbanken saw new business in leasing, hire purchase and with investment credits rise by almost 20% in H1. (more…)
A football stadium due to be built in Mainz will be called the Coface Arena, in a deal struck between…
#conference#guarantee#i
Sal. Oppenheim has increased its minority share in SME bank IKB Deutsche Industriebank to over 5%. (more…)
#bank#banks#management
Landesbank Baden-Wuerttemberg said it acquired R-Procedo Factoring GmbH from retailer Rewe Group for an undisclosed sum. (more…)
#bank#LBBW#management
Dresdner Factoring has reported growth of one third in turnover on loans in the second quarter. (more…)
#3M#management
GE Heller Bank, the German factoring bank, has appointed Jorg Diewald to its management board. (more…)
#bank#management#risk
In the first half of 2007, the Grenke Group (incl. franchise partners) generated new business (the sum total of acquisition costs…
Allbecon Olympia AG has arranged two credit lines with a total volume of EUR 65 million. The two credit lines…
Dresdner Factoring is anticipating a loss for 2007. The company expects to be in the black for the second half…
#management#WHO