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Dynamic Commercial Finance preliminary results

Dynamic Commercial Finance plc (DCF) have released preliminary results for the year to 31 December 2003, reporting a first full year profit before tax of Ј206,000 compared to the 2002 loss of Ј96,000. Turnover was up 46% to Ј4.2 million...

GE Commercial Finance commits $30 million of debtor-in-possession financing

FiberMark Inc, a leading producer of specialty fibre-based materials, announced yesterday that it has filed voluntary petitions to reorganize under…

#bankruptcy#commercial finance#economy


Credit scoring and factoring boosts lending to SMEs

New credit scoring techniques have paved the way for unsecured lending in the small- and medium-sized business (SME) sector, which…


Ex-Im Bank backs sale of US flood-forecasting equipment to...

A US$38.7 million Export-Import Bank of the United States (Ex-Im Bank) loan guarantee will enable Romania to buy equipment, technology…


ECGC credit risk policies to have NIC marine cover

The Export Credit Guarantee Corporation of India (ECGC) and National Insurance Company Ltd have decided to unite to provide marine…


Santander buys DnB’s Elcon

Spanish bank Grupo Santander gained a foothold in the Nordic region on Wednesday by buying Elcon, a leading Scandinavian finance…


Better Payment Practice Group appoints new chairman

The Better Payment Practice Group (BPPG) has announced the appointment of Dr Richard Wilson, business policy executive at the Institute…


UK Matrix Group acquires private equity business from GLE

UK Matrix Group has agreed to acquire the private equity arm of Greater London Enterprise, GLE Development Capital (GLEDC). Matrix…


R.G. Barry Corporation secures factoring and financing from CIT

R.G. Barry Corporation has announced that it has entered into a factoring and financing agreement with The CIT Group/Commercial Services…

#bank#CIT#CIT Commercial Services


European Investment Bank picks Kenyan intermediaries

The European Union has approved eight Kenyan banks as local intermediaries of the European Investment Bank (EIB). The approval means…

#African Development Bank#bank#capital requirements


John Major to be questioned in Mayflower audit inquiry

John Major, the former Conservative Prime Minister, faces questioning by the City watchdog over a Ј20 million black hole at…


VAT fraud helped to take 11bn euro toll on...

The huge VAT fraud on computer parts sales to Britain helped knock more than Ђ11bn off Irish exports last year,…

#economy#exports#i

UK engineers power to multi-million pound Algerian contract with...

A British specialist engineering company based in Lincoln is supplying 15 gas turbine units to Algeria's oil pipeline sector in…

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