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Finance ministry decree on application of VAT to factoring...

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

Factors merger project starts

In the scope of the rationalisation programme of the factoring activities of the UniCredit group, UniCredit Factoring has purchased the…

#risk#Unicredit#Unicredit Factoring


Regency Factors report on their 2003 performance

Bury-based Regency Factors plc has reported pre-tax profits of Ј223,382 for the year ended 31 January 2004, an increase of…


RHB to boost lending to SMEs

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


Hanza Lizings offers financing supplies

Financing supplies is a short term (up to 180 days) financing instrument for current assets, applied on supplies of goods…

#interest#interest rate#Nordea


Credit insurance market under performing

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 asset-based lending team moves to expanded...

Lloyds TSB Scotland is expanding its new corporate offices in Glasgow just six months after moving in, leasing an additional…


Bank of England rates decision

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


EBRD to invest $300m

The European Bank for Reconstruction and Development (EBRD) views Kazakhstan as a successful country and will invest about $300 million…

#bank#economy


FDI rises in Q1

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


Small business sentiment indicator results for May

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 convicted trade financier want sentence cut

Lawyers for Carl Cushnie, the convicted trade finance fraudster, will today seek to have his six-year prison sentence reduced to…

Fortis president Maurice Lippens honoured

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

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