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Barcelona Metro is financed through factoring and confirming

Spanish savings bank Caixa Catalunya, Tarragona, Manresa has announced that it provided a 21.5 million for the construction of the new section of the Barcelona Metro. (more…)

#bank#Caixa#confirming

New player on Tunisian factoring scene

Tunisian business group Poulina have entered the country s factoring market by launching the Medfactor Group. The Group, with 10…

#bank#banks#leasing


Noa Factoring AG (Quorum) bankrupt

The Noa Factoring AG (Quorum), Noa Bank GmbH Co. KG, Targas GmbH and Quorum Property Finance Ltd. have declared bankruptcy.…

#acquisition#bank#bankruptcy


Tawa to get into trade credit insurance through acquisition

Insurance service provider Tawa has agreed to acquire Island Capital for an initial sum of $7.4 million ( 4.8 million).…


Husband and wife jailed for invoicing scam

Husband and wife fraudsters Ross and Wendy Davidson were jailed for a combined total of eight years four months for…


Indian bank expects further growth of SME financing

City-based Indian Bank has said it expects around 30-35 per cent growth in lending to small and medium enterprises (SMEs)…

#bank#SME financing#smes


Dresdner Factoring AG increased its earnings forecast

Dresdner Factoring AG increased its earnings forecast (consolidated / IFRS) and is now awaiting for the fiscal year 2010, a…

#economic recovery#GDP


BOC continues to lead in export factoring

Bank of China Limited announced its 2010 interim results on August, 26th. (more…)

#bank#Bank of China#international


CIT – Getting back to business

Eight months after emerging from bankruptcy protection, CIT Group last week announced the successful refinancing of $3 billion of their…


Supply Chain Finance in Canada – World Supply Chain...

Fergus Groundwater, Program Leader of Global Trade Management at Export Development Canada (EDC) and Robert Chan, Vice President of Supply…

#bank#exporters#management


CGA attributes business growth to new software platform

Compagnie Général D Affacturage (CGA), a wholly-owned subsidiary of the Société Générale Group based in Paris, has stated (more…)


SmartFactor to provide software solutions for the new Priorbank...

Raiffeisen Bank has announced that it has chosen Russian software supplier SmartFactor to provide software for a new (more…)

Raiffeisen Bank Romania posts half year profit

Raiffeisen Bank S.A. posted a net profit of 49.98 million for the first half of 2010 and an operational profit…

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