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David Robertson highlights scope and benefits of FDA’s work

David Robertson, managing director of Bibby Financial Services and the next FDA Chariman (from June 2004), highlighted the work that the Factors and Discounters Association (FDA) does on a number of fronts, including lobbying, PR and industry events, at Wednesday’s...

MFB records HUF6.14bn net income in 2003 – new...

State-owned Hungarian Development Bank (MFB) recorded a net income of HUF6.14 bn (US$27.4 m) in 2003, according to the company's…

#bank#funding#interest rate


Factoring rebounds from 2002 lows

The stabilisation of the economy and decreasing interest rates in 2000 and 2001 led to growth in the factoring industry,…

#bank#banks#factoring industry


Industrial Bank of Korea leads export factoring market

In South Korea, factoring arrangements are essentially corporate credit facilities based on trade bills, accounts receivable and consumer credits. International…

#bank#exporters#international


Bangladesh Bank to finance the ‘missing middle’ SMEs

The Bangladesh Bank has initiated a programme involving 1 billion taka (US$17.2 million) to promote small- and medium-sized enterprises (SMEs),…

#Bangladesh bank#bank#small businesses


Exporters increasingly shun ECGD support scheme – CBI chief

CBI chief Digby Jones has accused the government of undermining support for British exporters and exacerbating the number of manufacturing…

#exporters#exports#international


CIT Group results 2003 show strong factoring and leasing...

CIT Group Inc. today reported net income of US$189.3 million for the quarter ended March 31, 2004. The results for…

#CIT#commercial finance#i


PCI Leasing & Finance income dropped sharply to P258m...

PCI Leasing and Finance Inc. saw its profits drop sharply last year as it moved to set aside funds to…


EBRD releases Ђ40 million to SMEs

The European Bank for Reconstruction and Development (EBRD) will release Ђ40 million for Bulgarian commercial banks to extend loans to…


Bibby Financial Services combine products in new offering

The Bibby Financial Services Group has announced the roll out of a new service offering to add to the list…


PICIC provides Rs300m to entrepreneurs

Pakistan Industrial Credit and Investment Corporation (PICIC) has so far disbursed Rs 300 million among small entrepreneurs under small business…

#bank#business finance#capital requirements


Fundamentals for lending to SMEs

As a whole, SMEs have limited assets and inadequate collateral; their financial accounting is poor; they are often family-run, and…

Allgemeine Kredit Coface Finanz predicts growth in factoring market...

Allgemeine Kredit Coface Finanz (AKCF), the German subsidiary of French financial group Coface, is anticipating further growth in its business…

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