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Banca Intesa's factoring unit profit up 27%

Intesa Mediofactoring, a unit of Banca Intesa SpA has announced its full year net profit, which rose 27.1% to Ђ28.2 million compared to 2002. Gross income rose 3% despite a fall of 6.8% in operating volumes, due to a revamp...

Bibby Group launch national business support service

The Bibby Financial Services Group has announced the launch of a national support service for UK businesses. The service, which…

#financial services#management#VAT


Versailles boss milked millions

Frederick Clough, Versailles' disgraced former finance director, siphoned off cash to give to his wife, a long-term girlfriend and pals,…


Laurentian Commercial Financial results announced

Laurentian’s Commercial Financial Services, which handles commercial loans and larger financings as part of banking syndicates and factoring, leasing and…

#bank#commercial lending#financial services


Acting premier speaks for elimination of barriers to small...

Victor Khristenko, the acting prime minister of Russia, said that the Russian government must remove all of the negative issues…


Securitised bond for SMEs by year-end

By the end of the year, Singapore should see its first asset-backed securitization aimed at supporting small- and mid-sized companies…

#bank#cash-flow#guarantees


Lithuania's leasing portfolio may grow by 30 per cent...

In the past four years, Lithuania's leasing market has expanded at a rate of about 50 - 60 per cent…

#banks#leasing#Nord/LB


Versailles chief faces fraud charge for villa loan

Peter Williams, the former chairman of paper and packaging group DS Smith, lent Ј600,000 to Carl Cushnie, chairman of collapsed…

#banks#trade#WHO


The future’s bright for franchising

The future is looking decidedly rosy for the franchising industry according to the latest survey of potential franchisees and franchisors…

#cash-flow#financial services#management


Factoring and the hidden Winding Up Petition

by Peter Sinnett, In-house Counsel, Bermans, Lawyers Bermans was recently involved in a difficult and unusual High Court application for…

#assignment#bank#insolvency


Factoring and leasing portfolio up 16.6 per cent in...

The factoring and leasing portfolio of the members of the Latvian Lessors’ association grew 16.6 per cent, to LVL332 million…

#banks#leasing#Nordea


Slovak Eximbank supported exports worth SKK 55 billion in...

Slovak Eximbank supported Slovak exports worth over SKK55 billion (Ђ1.36bn) in 2003. According to preliminary data, one third of supported…

FATF drops Ukraine from money laundering black list

The Financial Action Task Force on Money Laundering (FATF) has omitted Ukraine from its black list of non-cooperative countries. Full-scale…

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