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Euler Hermes acquires full ownership of Finland's FCIC

Euler Hermes, the credit insurance unit of Assurances Generales de France (AGF), said it has acquired full ownership of Finland's FCIC (Finnish Credit Insurance Company Ltd) by purchasing the remaining 50% stake from If Skadefoersaekring Holding AB (If). Financial details...

#insurance#receivables#risks

Three quarters of firms will be updating credit management...

According to a poll conducted on the Better Payment Practice Group (BPPG) website during December, 75 per cent of firms…

#cash-flow#Clear#late payment


Boynton CRA director reprimanded over factored invoice

In September, Community Redevelopment Agency (CRA) executive director Doug Hutchinson signed an invoice promising US$9,000 to factoring company A/R Funding…

#funding#invoice#Paid


Insurance cover needed for banks & DFIs lending to...

Commercial banks and development financial institutions (DFIs) are not financing small- & medium-sized enterprises (SMEs) as they are not secured…


Exim Bank lending totals 2003 announced

According to a state media report, President Yang Zilin of the Export-Import Bank of China (Exim Bank) announced a total…

#bank#Bank of China#Exim Bank


EXIM Bank offers US$64m to Philippines for infrastructure projects

The Export-Import Bank of Korea (EXIM Bank) announced yesterday that it had signed a contract with the Philippine government to…


SMEs per capita rising

The number of small- and medium-sized enterprises (SMEs) per capita in Bulgaria is close to that in the countries from…


German dairy companies’ credit insurance cover limits losses following...

Many German dairy companies are expecting to be affected by the scandal involving Parmalat, the Italian food group. In particular,…


SME Bank expects loans to jump 28.5%

The Small and Medium Enterprise Development Bank of Thailand (SME Bank) predicts its credit line will jump 28.5% to 36…

#bank#economy#financial institution


Moving up the ladder at Bibby Factors

Bibby Factors Manchester, a specialist provider of business cash flow solutions, is pleased to announce the appointment of Andy Johnson…

#cash flow solutions#cash-flow#financial services


New EBRD euro 20 million credit line

The European Bank for reconstruction and Development (EBRD) and Budapest Lizing Rt have signed a contract on a Ђ20 million…


Inflow of FDI expected to top US$1.6bn

The Bulgarian Foreign Investment Agency (BFIA) expects the inflow of foreign investments in Bulgaria in 2004 to exceed 1,600 million…

Many companies stuck in small business loan fund bottleneck

The chairman of the Knesset Finance Committee Subcommittee for Examining the Effects of the Financial Crisis on Small Businesses, MK…

#bank#banks#crisis

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