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Euler Hermes Q1 turnover up

Euler Hermes, the French credit insurance company, saw its turnover rise by 7.2 per cent, to €478m, in the first quarter of 2005. Most of the quarterly growth stems from the development of the insurer's commercial activities. The group has reported...

Factoring group to acquire Eurofactor

Transfact, the factoring division of French banking group Credit Agricole, will incorporate sister company Eurofactor on 1 October, with the…


CSOB’s Q1 profit drops

Net profit of CSOB bank branch in Slovakia dropped to Skk 44.7m (€1.15m) in 1Q, a decrease of Skk171m compared…


Three banks control 95% of micro credit industry

Three Chilean banks - BancoEstado, Banco del Desarrollo and Santander Santiago dominate the local micro credit industry with some 95%…

#bank#banks#risk


GM looks to protect GMAC’s credit rating

General Motors is exploring ways to separate its own battered credit rating from that of General Motors Acceptance Corporation (GMAC),…

#funding#risk#Two


Exim Bank Korea opens office in Dubai

The Export-Import Bank of Korea, the official export credit agency, launched its first office in the region on Monday by…

#bank#Exim Bank#international


Top- level resignations at GMAC prompt urgent talks with...

One of the UK’s most prominent factoring organisations, GMAC, is today, faced with the urgent task of replacing three of…

#interest


FDA research reveals SME Directors’ top business and personal...

Research released today by the Factors and Discounters Association (FDA) reveals that being able to provide for retirement was the…

#bank#cash-flow#invoice


Experian expands its market leading fraud solutions business

Experian®, the global information solutions company, has strengthened its fraud solutions team with three new high profile appointments. Michael Fuller…

#anti-money laundering#bank#financial services


Venture Finance appoints new regional director Wales and West

Venture Finance today announced its continued expansion across the UK, with the appointment of Kelvin Thomas as regional director for…

#bank#commercial finance#invoice


Credit line for SMEs of Ft 25 bn

The Economy and Transport Ministry, the Hungarian Investment and Trade Development Kht (ITD Hungary) and the Hungarian Development Bank Rt…


Export association and Interseguros developed credit insurance product

Costa Rica's export association and insurance company Interseguros have developed a credit insurance product for exporters, covering up to 88…

DCCI and Coface partnership to provide credit rating services...

Dubai Chamber of Commerce & Industry (DCCI) is to provide the companies and establishments in Dubai with the Credit Rating…

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