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Arbuthnot Factors sees profits rise in 2003

Arbuthnot Commercial Finance Limited have reported a 10.5% increase in pre-tax profits in the year to 31 December 2003, up to Ј170,588 from the 2002 figure of Ј154,380. In the same period turnover was Ј1.318 million, a reduction of 14.1%...

Cash offer for Dynamic Commercial Factors

Aim-listed Dynamic Commercial Finance has rejected a cash offer from Enterprise London plc at 107p a share. Traders have speculated…

#commercial finance


HSBC names new factoring boss for Asia Pacific

The Hongkong and Shanghai Banking Corporation (HSBC) Limited has appointed Alistair Currie as head of trade services Asia Pacific, effective…

#bank#trade#WHO


Malaysia’s banks toughen up thanks to rise in SME...

Malaysia's banking system is expected to continue to remain strong and resilient on the back of a stronger capital base,…

#bank#international#SME lending


Commercial finance firm sees squeeze in factoring ops

Potential Finance Group PLC has reported a drop in pre-tax profits, according to the commercial finance group’s interim results for…

#business finance#commercial finance#funding


UK firms use interest threat to speed up late...

Businesses are embracing the late payment legislation by warning customers in advance that interest will be charged if they fail…

#interest#late payment#management


Bank PKO BP maintains its privatisation plans, SME focus

The privatisation of the largest domestic bank in Poland, PKO BP, might be delayed, but despite this, the fight to…

#bank#management#poland


Trade credit insurer receives ratings boost

Fitch Ratings announced that it has affirmed the "A" insurer financial strength rating on Exporters Insurance Company Ltd (EIC), a…

#exporters#international#International Trade


One-stop shop factor posts 31pc hike in net profit

Canara Bank, the Indian finance house which provides overdraft finance, factoring, and mortgages, has posted a 31.3 per cent increase…

#bank#banks


Help for SMEs mooted by trade body

The Confederation of Indian Industry (CII) plans to set up four industrial clusters for small- and medium-sized enterprises (SMEs) with…


Franz Michel of Allgemeine Kredit Coface Finanze shares his...

An interview with BCR’s overseas correspondent for central Europe Franz Michel, is general manager of Allgemeine Kredit Coface Finanze (AKCF),…

#banks#insolvency#international


Credit insurer refunds $6.5m to overcharged customers

Assurant Group companies have agreed to return about $6.5 million for charging what Maryland's insurance commissioner calls excessive rates for…

#compliance#insurance#Paid

Legal suits against US factor gather pace

Three pastors and a church employee have joined a growing list of inland investors looking to the courts to recoup…

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