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Director of Supply Chain and Open Accounts at Standard Chartered UAE, Krishnakumar Duraiswamy, has spoken of the difficult trade finance situation in the UAE (more…)
The Asset Based Finance Association (ABFA) reported a nine percent year-on-year sales volume increase for 2008, in their annual report…
#asset based finance#invoice
Charterhouse Commercial Finance have withdrawn from factoring and sold their client book to Leumi ABL (more…)
#asset-based lender#bank#commercial finance
Insolvencies have increased by 141 percent in the first nine months of 2009, according to figures released by Coface Bulgaria…
The EBRD have opened a new branch in Istanbul, with plans to invest 400m in the Turkish economy (more…)
#bank#economy#funding
Egypt Factors Ahmed Shaheen predicts a period of strong growth for the Egyptian factoring sector in the next five years,…
Jeffrey Peek, CEO and Chairman of troubled lender CIT, has announced he will be resigning at the end of the…
#bankruptcy#CIT#interest
The Interface Financial Group are to expand their international operations with the opening of an office in Singapore (more…)
#international#invoice#receivables
Eurofactor UK will today change their name to Credit Agricole Commercial Finance (more…)
Corgenix Medical Corporation have secured a $1,750,000 asset-based finance facility with Summit Financial Resources LP, retiring their previous factoring agreement…
The future growth of Romania s factoring industry was discussed at the Ziarul Financiar seminar on Tuesday, with figures for…
Two creditors from the steering committee of CIT s bondholders have resigned, Bloomberg have reported. Pacific Investment Management Company (PIMCO)…
#CIT#funding#investment
The latest figures released by the Asset Based Finance Association (ABFA) reveal poor results for the asset based finance industry…
#bank#Bank of England#invoice