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Dynamic accuses hostile bidder

Dynamic Commercial Finance, the Aim-traded factor and invoice discounter, has accused its hostile bidder of trying to gain control on the cheap. Rejecting the offer from Enterprise London, part of the GLE Group, the company said the 107p-a-share offer was...

#asset management#bank#commercial finance

Kasikorn Bank considers factoring and leasing acquisitions

Kasikornbank Plc (KBANK said yesterday it was still undecided about the possible acquisition of a finance, securities and leasing company,…


CBI and IoD welcome BoE interest rate freeze but...

Reacting to the Bank of England's decision to leave interest rates unchanged, CBI chief economic adviser Ian McCafferty said: "The…

#bank#Bank of England#inflation


Profits show steep decline at RDM Factors

RDM Factors has reported a 38 per cent fall in full year net profits for 2003. The independent UK factoring…


BoE leaves rates on hold; manufacturers pleased but fear...

The Bank of England has decided to leave interest rates at 4.5 per cent for July. Rates were left unchanged…

#bank#Bank of England#inflation


Working capital finance is getting squeezed, says bank chief

One result of China's macroeconomic adjustments is working capital loans are being squeezed slightly more than investment loans, the head…

#bank#conference#guarantees


Alpha Bank reports 34pc increase in factoring

Alpha Bank, the Greek finance group and owner of the country’s largest factor – ABC Factors – has reported a…

#bank#smes


SME cash flow crisis – banks told to give...

The Financial Supervisory Commission (FSC) has this week pressed financial institutions not to aggressively retrieve loans extended to small- and…

#banks#cash-flow#economic recovery


Credit insurer guarantees Ђ40m import finance deal

Hermes, the credit insurer, is to cover a Ђ40m import finance deal between Russian bank Vneshtorgbank (VTB) and German finance…


GE Commercial Finance invests US$220m in India’s mid-market sector

GE Commercial Finance (GECF), the business-to-business financial services arm of US conglomerate General Electric, said it will invest up to…


Government to spend US$80m to aid SMEs

The Korean government yesterday unveiled a set of measures aimed at bolstering the competitiveness of small- and midsize enterprises (SMEs)…

#economic recovery#guarantee#liquidity


Commercial finance portal appoints relationship manager

Xbridge, the commercial finance portal, has appointed an e-commerce manager to oversee relationships between mid-market clients, factors, asset finance providers…

#banks#channel#commercial finance

Chasing unpaid invoices – advice on hand from payments...

The Better Payment Practice Group (BPPG) has provided new guidance for businesses struggling to get paid by customers who seem…

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