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Heller posts 13pc sales rise, CEO says factoring potential...

Heller Bank AG posted sales of euro 5.73bn in the first half of 2006 - a 13.6 per cent increase compared to the first half of last year (more…)

Fortis zones in on factoring, trade finance in Scandinavia

Fortis Bank has opened branches in Copenhagen (Denmark) and Stockholm (Sweden), reinforcing its European network of business centres to a…


Export house for SMEs

The commerce ministry is planning to set up a SME Export House with the objective to promote export trade of…


SEB Vilniaus Bankas to issue euro 10m worth of...

Lithuania's largest commercial bank SEB Vilniaus Bankas will allocate euro 10m (LTL34.5m) for loans to small- and medium-sized enterprises (more…)


ECIC aiming for 11.6pc growth in insured business

Government-owned Hong Kong Export Credit Insurance Corporation expects total insured business to grow by 11.6 per cent for the three…


BNDES opens US$470m credit line for medium-sized companies

Brazil's national development bank BNDES has set aside reais 1bn (US$468m) to form a line of credit for medium-sized companies…

#bank


Bank of America introduces new small business credit product

Bank of America has launched a product that allows small business owners access to an unsecured line of credit of…


Factoring in the USA – strongest for five years

The US factoring industry achieved its strongest year-to-year growth since 2000, based on factored volume of its providers, according to…


Dresdner Factoring eyes SME market for growth

Chairman of Dresdner Factoring, Klaus Sauer, is pinning hopes of growth for his company, and the industry, on an increase…

#bank#invoice#receivables


SCB launches new SME working capital resource

Standard Chartered Bank (SCB) launched the new SCB business credit card, aimed especially at owners of small- and medium-sized enterprises…


Four bank officers convicted in US$70 million bank fraud...

After a six-month trial, a Miami jury has found defendants guilty of conspiring to carry out a US$170 million factoring…


Ulster Bank completes Invoice Finance rebrand

Ulster Bank, part of the Royal Bank of Scotland Group, has completed the rebranding of its former Commercial Services division…

UK football clubs to be sold receivables protection

Coface is to sell insurance to football and rugby clubs in the UK in the event of unpaid receivables (more…)

#cash-flow#insolvency#insurance

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