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By Andrew Miles of Pricewaterhouse Coopers, Frankfurt The ministry of finance has issued a decree to the effect that factoring shall be charged to VAT from 1 July 2004 following the European Court of Justice (ECJ) case of MKG-Kraftfahrzeug-Factoring-GmbH of...
#debt collection#risk#security
In the scope of the rationalisation programme of the factoring activities of the UniCredit group, UniCredit Factoring has purchased the…
#risk#Unicredit#Unicredit Factoring
Bury-based Regency Factors plc has reported pre-tax profits of Ј223,382 for the year ended 31 January 2004, an increase of…
RHB Bank Bhd, Malaysia’s third-largest bank, is planning to increase its small- and medium-sized enterprise (SME) loan portfolio to 40…
#bank#credit risk#management
Financing supplies is a short term (up to 180 days) financing instrument for current assets, applied on supplies of goods…
#interest#interest rate#Nordea
Chile's first quarter credit insurance sales reached 928.5m pesos (US$1.4m), an 18.2% increase over the 785.6m pesos posted in the…
#insurance#management#receivables
Lloyds TSB Scotland is expanding its new corporate offices in Glasgow just six months after moving in, leasing an additional…
The Bank of England raised the main interest rate by a quarter-point to 4.5 per cent today, in a move…
#bank#Bank of England#inflation
The European Bank for Reconstruction and Development (EBRD) views Kazakhstan as a successful country and will invest about $300 million…
#bank#economy
Foreign direct investment (FDI) in the Czech Republic reached CZK31.5 bn in 1Q 2004, up by CZK4.2 bn compared to…
#GDP#international#investment
According to a survey of around 450 small- and medium-sized companies (SMEs) by BNP Paribas Lease Group (BPLG) and Agence…
#investment#small business#smes
Lawyers for Carl Cushnie, the convicted trade finance fraudster, will today seek to have his six-year prison sentence reduced to…
King Albert II of Belgium has conferred upon Count Maurice Lippens the honour of Grand Officer of the Order of…
#Executive Committee#financial institutions#financial services