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ING Group NV and General Electric Commercial Finance have agreed to restructure their working capital finance joint venture NMB-Heller. ING has agreed to buy GE's 50% stake in NMB-Heller's Dutch factoring business, including activities in Belgium, which will be transferred...
US-based CIT Group has been granted a UK commercial banking licence that will allow it to make loans to businesses…
The export financing division of German state-owned bank Kreditanstalt fur Wiederaufbau (KfW), has announced plans to enter the leasing market.…
#acquisition#bank#funding
The Financial Supervisory Service (FSS) said it will introduce the new Basel Accord, also known as Basel II, by 2007…
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
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
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
The Institute of Chartered Accountants in England & Wales (ICAEW) has welcomed today’s announcement by the Government on proposals to…
The Eastern and Southern African Trade and Development Bank (PTA Bank) has received US$41m (sh24b) to grant loans to members…
#African Development Bank#bank#trade
Buoyed by the over-Rs 9,000-crore disbursements in the current year, Exim Bank of India expects to close the year with…
The popularity of factoring and invoice discounting has continued to grow as industry turnover hit record levels for the third…
The Royal Bank of Scotland’s Corporate Banking & Financial Markets (RBS) business has appointed Adrian Sainsbury as managing director of…
Commercial banks are looking to lending to newer ventures under a fresh reform recipe of Bangladesh Bank, offering middle- and…