GRENKELEASING AG, Baden -Baden leasing and factoring company, on Monday, reported the new business volumes of 492 million for the first nine months of 2010.
Dresdner Factoring AG increased its earnings forecast (consolidated / IFRS) and is now awaiting for the fiscal year 2010, a pre-tax profit to range between EUR 600 and 700 (previously: EUR 500-600).
The German Federal Financial Supervisory Authority, BaFin, has ordered the recently formed Noa bank to close to customers in order to secure its remaining assets, apparently due to the insolvency of its factoring subsidiary and
According to the report published yesterday by the Ifo Institute for Economic Research at the University of Munich, credit constraints for German industry and trade continued to ease for the seventh month in succession.
Roberto Weckop, Director International and HR at Eurofactor in Germany, talks to Factorscan about Eurofactor Germany s recent FCI awards, the reasons behind its ongoing success in the international field, the importance of close communication with correspondents and clients and why having two credit insurers can be a significant benefit when it comes to acquiring cover for international operations.
