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Germany

German factoring companies increase turnover

The 20 companies that make up the German factoring association increased their turnover by almost 25 per cent in the first half of 2004, compared to the corresponding period of last year, to Ј20.5bn, according to the association’s latest figures....

#German Factoring Association

Achim Schmidt talks to BCR about the most important...

Enterprise Finance Europe (EFE) started its business activities in 2002 as a 100 per cent subsidiary company of the Bank…


Banks co-operate in EUR15 million loan fund for SMEs

The German banking group of the state development bank Kreditanstalt fur Wiederaufbau (KfW), KfW Bankengruppe, has joined forces with public-sector…


Karl-Joachim Lubitz, spokesman of the Deutsche Factoring Bank, talks...

BCR talks to Deutsche Factoring Bank spokesman, Karl Joachim Lubitz about the most significant issues in the German factoring market…

#bank#guarantees#international


The latest German factoring industry analysis from the World...

“The members of the German Factoring Association (GFA), representing over 95% of the market, achieved a total volume of Ђ35.08…

#bank#factoring industry#German Factoring Association


Franz Michel of Allgemeine Kredit Coface Finanze shares his...

An interview with BCR’s overseas correspondent for central Europe Franz Michel, is general manager of Allgemeine Kredit Coface Finanze (AKCF),…

#banks#insolvency#international


Finance ministry decree on application of VAT to factoring...

By Andrew Miles of Pricewaterhouse Coopers, Frankfurt The ministry of finance has issued a decree to the effect that factoring…

#debt collection#risk#security


Credit insurance and factoring in Germany – a report

After a wave of consolidation, only three major sources provide private export credit insurance cover in Germany… To read a…

#export credit insurance#exporters#trade


Allgemeine Kredit Coface Finanz predicts growth in factoring market...

Allgemeine Kredit Coface Finanz (AKCF), the German subsidiary of French financial group Coface, is anticipating further growth in its business…


Record high of 100,000 German bankruptcies

German bankruptcies hit a record high last year as the fragile state of Europe's largest economy and rising private borrowing…

#economy#insolvencies#insolvency


Commerzbank set to buy rival

Commerzbank will today announce it is buying Bavaria's loss-making SchmidtBank for between Ђ60m (US$75m) and Ђ70m, providing a glimmer of…


ABS Global Factoring considers stock market flotation

ABS Global Factoring, the German factoring company, says that it is considering a flotation on the stock market. The company…

#global factoring#interest

Commerzbank discusses cooperation on SME banking

Commerzbank is considering kicking off the long-awaited consolidation of the German banking market with an acquisition of regional bank Schmidtbank.…

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