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Eurofactor changes hands

The French banking group Credit Agricole SA has finalised its acquisition of 49.09 per cent of French factoring company Eurofactor from the French credit insurer Euler Hermes. The transaction, which puts Eurofactor's global value at Ђ383m, raises Credit Agricole's stake...

UK Business failures fall to record lows

According to experts at BDO Stoy Hayward, 2004 is expected to record the lowest number of business failures for six…


Exim bank to boost lending and guarantees by 41%...

The Export-Import Bank of Korea, a state-run trade bank, said it will increase its lending by 41% to 24 trillion…


New Ex-Im Bank/SBA guarantee agreement means larger working capital...

US small business exporters are obtaining larger working capital loans under the new co-guarantee agreement of the Export-Import Bank of…


KFW Germany lends Ђ16m to support Russian SMEs

Germany's KfW signed credit agreements worth a total of Ђ16m with three Russian banks during the small and medium business…


EBRD opens US$20m credit line for Russia’s SMEs

The European Bank for Reconstruction and Development (EBRD) is opening Rosbank a credit line for US$20m for five years to…

#bank#banks#smes


ING, GE to restructure finance joint venture NMB-Heller

ING Group NV and General Electric Commercial Finance have agreed to restructure their working capital finance joint venture NMB-Heller. ING…


US-based CIT Group gets UK commercial bank licence, will...

US-based CIT Group has been granted a UK commercial banking licence that will allow it to make loans to businesses…


Bank’s export financing division to enter leasing market

The export financing division of German state-owned bank Kreditanstalt fur Wiederaufbau (KfW), has announced plans to enter the leasing market.…

#acquisition#bank#funding


Introduce Basel II by 2007 – Financial Supervisory Service

The Financial Supervisory Service (FSS) said it will introduce the new Basel Accord, also known as Basel II, by 2007…


Factoring firms profits drop 14.6% in 2004

Between January and September this year, the earnings of the 15 factoring companies in Mexico reached 137.3 million pesos (US$12.3m),…

#3M#factoring industry


ADB agrees US$50m package for SME development

The Asian Development Bank (ADB) will support efforts of the government of Bangladesh to foster development of the country's small-…

#ADB#Asian Development Bank#bank

Factoring and invoice financing boom as SME’s seek alternative...

Cash flow problems caused by late payment are the curse of small business, creating serious and sometimes terminal trouble for…

#bank#commercial finance#debt collection

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