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Factoring companies report Q3 profits up 30%

Mexico's 16 factoring companies reported consolidated net income of 153m pesos (US$14m) during the third quarter of 2003, up 30% compared to the same period the year before, according to statistics released by the banking regulator. Factoring association (Amefac) committee...

United Finance net profit up 10%

United Finance Company SAOG (UFC), one of the fastest growing non-banking financial institutions in Oman and the Middle East, has…

#bank#financial institutions#leasing


Upturn in UK economy reopens North-South divide

The steady acceleration in the UK economy, which began in the spring of last year, is beginning to have an…


EXIM to become core bank for international business

The Export-Import Bank of Korea (EXIM Bank) will focus primarily on opening up new markets in developing countries and expanding…

#bank#guarantees#international


Polish factoring turnover rises in 2003, more expected in...

Turnover in Poland's budding factoring market grew almost 18% to Zloty 12bn in 2003, said officials at the industry's Factoring…

#bank#conference#exports


Government to make digital signature a reality for exporters

The Indian government will unveil a new initiative for exporters on 28 January under which digital signatures will become a…

#banks#digital#exporters


Moody's rating for Banorte factoring and leasing subsidiaries

The Mexican subsidiary of international ratings agency Moody's has assigned the factoring and leasing subsidiaries of local financial group Banorte…

#bank#international#leasing


Eurofaktor aims to double profit in 2004; seeks a...

Eurofaktor, a factoring company, is planning to purchase invoices worth over ZL1bn and to make a ZL6m profit in 2004.…

#SAFE#WHO


Number of big fraud cases almost doubles

Britain's fraud boom accelerated last year as the number of big cases almost doubled, according to a report published yesterday.…

#frauds#i#international


World Bank launches Small Grants Programme

The World Bank Sofia Office has announced the start of its Small Grants Programme 2004 in Bulgaria. The Small Grants…

#bank#World Bank


I was deceived, says Cushnie

Lawyers for Carl Cushnie, the founder of collapsed FTSE 250 company Versailles, said the executive chairman had himself been deceived…


CIT reports 9.8% increase in Q4 earnings

CIT Group posted a higher fourth-quarter profit, citing growth in its financing and leasing portfolio and a smaller proportion of…

#CIT#leasing

Banks ready to call in personal guarantees after ruling

Small-business owners who gave personal guarantees to banks as security from June 2001 and later went into liquidation face the…

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