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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 other services, reported net income was $6.7 million for the first quarter of 2004 compared to $2.1 million for the...

#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…


The government's tax on dividends could cost SME owners...

PKF is warning owners of small companies who take most of their income as dividends that the tax increases the…


Bridge Bank expands Capital Finance Group

Daniel P. Myers, president and chief executive officer of Bridge Bank, National Association, has announced that Scott Chamberlin, a 12-year…

#bank#Bank of America#financial services

4,000 companies closed in 2003

Sergio Garcнa de Alba, under secretary for small- and medium-sized enterprises (SMEs) of the Economy Secretariat, reported that 4,000 SMEs…

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