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South Africa – Why isn't debtor finance growing?

Factored turnover in South Africa grew by only 7% in 2011 and when inflation is taken into account there was no real growth at all.Following recent publication of Debtor Financing Statistics for 2011 by the Banking Association of South Africa, Nick Hough...

CIT appoints Chief Information Officer

CIT appoints Stacey Goodman as Executive Vice President and Chief Information Officer. (more…)


New Garanti Factoring GM expects further growth

Hulki Kara forecasts 25 per cent growth for Garanti Factoring this year. (more…)


Aldermore to facilitate expansion

Aldermore appoints John Dodsworth and transforms its Southern Regional SME office network. (more…)


US carmaker GM secures USD1.1bn receivables financing

Wells Fargo Securities, Royal Bank of Scotland and Credit Suisse acted as lead managers of USD1.1billion (EUR838million) of auto receivables-backed…

#bank#Credit Suisse#Deutsche Bank


Euler Hermes deal Greece and Spain credit insurance blow

Credit insurance provider, Euler Hermes SA, has reduced the volume of insurance it sells for the protection of companies from…

#Allianz#crisis#economy


Export firms to get credit insurance aid

The Vietnamese Ministry of Finance will assist domestic businesses with 20 per cent export credit insurance premiums based on staples…

#conference#exporters#exports


Minister launches SME credit scheme

Legislation designed to free up credit for SMEs, has been published by the Irish Minister for Jobs, Enterprise and Innovation,…


Debtor Financing Committee release 2011 statistics

Debtor Financing Statistics for 2011 issued by the Banking Association South Africa show continued slow growth in debtor finance but…


Mediofactoring increases market share to 30 per cent

Mediofactoring, a factoring company of the Intesa Sanpaolo Group, has released its latest financial results as of 31 December 2011.…


Bibby pledges to fund NLGS cashflow gap

Bibby Financial Services has pledged to lend GBP340 million to SMEs that will not benefit from the Government s extension…

#bank#bank loan#Flexible Funding


FCI release 2011 figures for worldwide factoring industry

Fresh Factors Chain International (FCI) statistics indicate that the total worldwide volume for factoring increased sharply in 2011 with more…

#bank#international#management

India Factoring lays down two-year SME lending plan

Mumbai-based India Factoring and Finance Solutions, a non-banking financial company, is planning to lend Rs 10,000 crore to SMEs and…

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