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Boston Financial opens debt-management unit

Factoring company, Boston Financial Corp., yesterday unveiled a new unit, Boston Financial Solutions LLC. The new venture will focus on debt management, negotiating with a client-company's suppliers and other creditors to reduce what that company owes. Frank Saia, managing director...

#management

ECGC to diversify product range

The Export Credit Guarantee Corporation of India (ECGC) may diversify into insurance lines that complement its primary business of export…

#export credit insurance#exports#guarantee


Moody's set to up stake in ICRA

Major Indian financial institutions are selling part of their stake in the country's premier credit rating agency, ICRA, to its…


Loan guarantee fund for small firms takes off

The Loan Guarantee Fund for small- and micro-enterprises (SMEs) employing up to 30 people, designed to help them overcome borrowing…


SME Bank restructures after fraud

The Small and Medium Enterprise Development Bank of Thailand (SME Bank) has entered into a major organisational restructuring process after…

#bank#debt collection#economy


Independent Growth Finance capitalises on confidence

Further expansion is on the books for Independent Growth Finance (IGF), one of the country's leading independent invoice discounting and…


SME growth at highest levels for four years

Small- and medium-sized enterprises (SMEs) start the New Year on a high note having recorded the highest levels of business…


Botswana Export Credit Insurance runs new CEDA product

Citizen Entrepreneurial Development Agency (CEDA) has a new product called CEDA Credit Guarantee Scheme (CCGS), which encourages private sector participation…

#bank#export credit insurance#guarantee


GMAC Commercial Finance expands European operations and service

GMAC Commercial Finance (GMAC CF) has announced plans to launch new operations in Poland and Germany, following a record 12…

#commercial finance#funding#international


Natexis Banques Populaires' net banking income up 36%, factoring...

Natexis Banques Populaires has reported figures, based on estimates presented yesterday to the Board of Directors, showing net banking income…


Small businesses and the brick wall of accounts department...

From Mr Morgen Witzel Sir, Your article "Companies resort to hard line on late payers" (21 January) on late payment…


Fraud in factoring features at Rome conference

Getting into factoring is easy, staying profitable is getting much harder. One of the biggest threats to factoring profits is…

Government adopts programme to fight money laundering

The Ukrainian government and the National Bank have endorsed a programme for 2004 on fighting the legalisation of income obtained…

#bank#guarantee#international

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