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Renault unit secures factoring deal from SocGen

French carmaker Renault has secured factoring services for Avtoframos (more…)

#bank#credit risk#risk

EBRD extends credit line to Armenian bank

The European Bank for Reconstruction and Development (EBRD) is extending a US$2.5m credit line to Armenia's Anelik Bank (more…)


Koc Faktoring received US$60m syndication credits

Koc Faktoring, a company of Koc Financial Services (KFH), received US$60m syndication credits from international markets to use in (more…)


Automotive business failures reach highest point so far

The automotive industry has seen a very poor start to the year as the first quarter of 2006 reveals a…

#bank#Bank of England#insolvency


Exporters flay NEXIM and banks for poor export financing

Exporters who are members of the Manufacturers Association of Nigeria Export Promotion Group (MANEG) hold the Nigerian Export-Import Bank (NEXIM)…


Bladex Q1 profits dive 45%

First quarter earnings at Panama-based trade finance bank Bladex dived compared to quarter one 2005, the company said in its quarterly…


Invoice finance boost for car MBO, 85pc advance promised

A management buy-out (MBO) by a former director of Carmasters Ltd, the automobile services group, has received support in the…

#Boost#cash-flow#invoice


First Guardian targets factors as part of “aggressive” growth...

First Guardian Financial Corporation, a small business finance specialist in the US, says it intends to grow aggressively through acquisitions…


Textron Financial names two executives to business credit division

Textron Financial announced that two new executives have joined the company's business credit unit (more…)


One in three companies fail to confirm their credit...

The Better Payment Practice Group (BPPG) urges businesses to spring clean their credit management procedures, following a survey by the…


Close Invoice Finance rolls out Demica’s Citadel ID

Close Invoice Finance has announced the implementation of Demica's Citadel ID (more…)


Interest rate hike predicted

Norway's central bank Governor Svein Gjedrem reiterated yesterday that the bank's next rate rise would likely come (more…)

Fed hikes interest rates; further increases possible

The Federal Reserve raised its key interest rate a quarter point to  the highest level in five years. The funds…

#bank#banks#inflation

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