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“The members of the German Factoring Association (GFA), representing over 95% of the market, achieved a total volume of Ђ35.08 billion in 2003, 16.3% more than the Ђ30 billion achieved in 2002…” To read the latest German factoring industry analysis...
#bank#factoring industry#German Factoring Association
An interview with BCR’s overseas correspondent for central Europe Franz Michel, is general manager of Allgemeine Kredit Coface Finanze (AKCF),…
#banks#insolvency#international
By Andrew Miles of Pricewaterhouse Coopers, Frankfurt The ministry of finance has issued a decree to the effect that factoring…
#debt collection#risk#security
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 (AKCF), the German subsidiary of French financial group Coface, is anticipating further growth in its business…
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 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, the German factoring company, says that it is considering a flotation on the stock market. The company…
#global factoring#interest
Commerzbank is considering kicking off the long-awaited consolidation of the German banking market with an acquisition of regional bank Schmidtbank.…
Many German dairy companies are expecting to be affected by the scandal involving Parmalat, the Italian food group. In particular,…
The Centre for European Economic Research (ZEW) Indicator of Economic Sentiment, a monthly Financial Markets survey, shows the balance between…
Today KfW IPEX-Bank presented its business model to the public for the first time. A transitional period will begin on…
The German economy shook off recession in the summer, the Federal Statistics Office has reported. Its preliminary calculations show that…