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S&P affirms top factoring bank’s ratings

Standard & Poor's Ratings services said today that it had affirmed its 'BBB-' long-term counterparty credit rating and 'A-3' short-term credit rating on Bank SinoPac of Taiwan, one of the top three banks in Taiwan involved in factoring. The outlook...

#bank#international#management

Late payment lifeline

The Forum of Private Business (FPB) has launched a guide to help companies deal with bad debtors. According to the…

#cash-flow#forum#late payment


Euler Hermes agrees to sell Eurofactor stake

Euler Hermes SA, the world's biggest credit insurer, has agreed to sell its 49.1 per cent stake in factoring business…


SIDBI to launch venture capital fund for SMEs

The Small Industries Development Bank of India (SIDBI) will launch a Rs 500 crore venture capital fund with participation from…

#bank#banks#risk


Small businesses lead road to recovery

After three years of contraction, the number of small- and medium-sized businesses (SMEs) is expected to rise in 2004. According…


Fund to aid smaller technology firms

For the first time, the government and large corporations are organising a special fund to help small- and medium-sized businesses.…

#investment#management#small business


US Commerce Dept to help exporters access Chinese markets

The US Commerce Department yesterday unveiled new tools in Beijing to help US companies expand exports to China's growing market,…


IFTRIC and Israel Credit Insurance Company.

Israel Foreign Trade Risks Insurance Corp (IFTRIC) offers export insurance. The company was partially privatised in November 2001, when the…


Canbank Factors targets to reach turnover of Rs2,000 crore...

Canbank Factors’ factoring package offers sales ledger administration, debt collection services, credit protection and advisory services. The total turnover of…


Eximbank and Mehib export insurance and credit schemes boost...

The Act on the Hungarian Export-Import Bank and the Hungarian Export Credit Insurance Company (Act XLII of 1994) established the…

#bank#exports#guarantees


Factoring facelift planned for Sanpaolo

A year after acquiring Banque Sanpaolo, the French unit of Italian bank Sanpaolo, French banking group Caisse d'Epargne is moving…

#bank#CDC#leasing


Factoring industry profits face double-digit declines in H1

Mexico's factoring industry reported net income of 84.5m pesos (US$7.3m) in the first half of 2004, a 16 per cent…

New rules to boost factoring services

The State Bank of Vietnam (SBV), Vietnam's central bank, has issued new regulations that will enable credit institutions to carry…

#bank#international#payment practices

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