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Latvia 2006-2007 – SMEs key driver in factoring market

2006 is expected to see further growth in the factoring market by at least 40%, compared with 2005. The first quarter results back this trend. (more…)

#bank#guarantees#ING

Hungary 2006-2007 – economic and legislative environment boosts factoring

In 2006, factoring turnover is expected to increase again by a similar level to 2005, due to the favourable economic…

#bank#interest rates#international


Continental business credit provides USD3m to Checkmate Cash Advance

Continental Business Credit, Inc., a factoring and asset-based lender, announced it has provided a USD3m revolving credit facility with a…

#asset-based lender#funding


Skills shortage hurting Asia Pacific SMEs

The third annual UPS Asia Business Monitor found 50 per cent of Australian SMEs - businesses with less than 250…


IFC helps Vietnamese banks

The IFC's Mekong Private Sector Development Facility has launched a five-year project worth over USD6m to help Vietnam's commercial lenders provide better…

#bank#banks#commercial finance


FCI release factoring industry turnover figures for 2006

Total factoring volumes increased in 2006 by almost 12%. The world total stands now at EUR1,134,288 million. The factoring industry thus…


GE Commercial Finance sells its Chilean assets

Rabobank will buy 100% of HNS' shares from its owners, General Electric's GE Commercial Finance and the local Ergas family, the…


RM73m for SMEs

Some RM73m or 8.8 per cent of the financial aid scheme offered by the Small and Medium Industry Development Corporation…


Factoring and foreign activities promote GrenkeLeasing growth

GrenkeLeasing, the German leasing company, has reported a rise of 7 per cent in the volume of new business in…

#leasing


BB aligns with export credit insurer

Brazilian exporters can use export credit policies from local export credit insurer Secreb as guarantees for post-embarkation export financing from…

#bank#exporters#guarantees


Transfactor appoints head of factoring

Martin Schaner (34) became a director of Transfactor's factoring portfolio administration department. Mr. Schaner started its career as cash manager…


Chemical Financial Corp new receivables product finds niche

Midland-based Chemical Financial Corp. banks are aiming at commercial accounts with a geographically-exclusive receivables programme (more…)

New legislation influences insolvency rate – Euler Hermes Servis

Euler Hermes Servis, s.r.o., part of the Euler Hermes Group, reports that the insolvency situation in Slovakia was radically changed…

#Allianz#bankruptcy#insolvencies

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