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Bank Pekao takes next step in consolidating its leasing...

Bank Pekao has increased the capital of Leasing Fabryczny by zl. 15.7 million (US$4.2m), which now stands at zl. 28.1 million (US$7.4m). The bank did this through a transfer of shares from another Pekao-controlled company from the sector - Pekao...

SME’s finances weak

Nearly 4 out of 10 small- and medium- sized domestic enterprises (SMEs) are unable to cover interest payments on their…


Erste Bank considers bank takeover in southern Poland

Erste Bank is considering a takeover of a Polish bank with a good position in the southern parts of the…

#bank#financial services#poland


Dramatic rise in small business optimism

Further evidence of the improved atmosphere for small firms is revealed in a survey by the Bank of Scotland (BoS).…

#bank#financial services#NatWest


Sanpaolo IMI, the EIB and Fiat in SME loan...

Factoring company Sanpaolo IMI, the European Investment Bank (EIB) and Fiat will sign a memorandum of understanding in Turin to…


Outlook of global economy bright over coming years

According to the Bank of Finland, global economic growth has picked up, with the US and Asia in particular exhibiting…


Indicator of economic sentiment shows good prospects for 2004

The Centre for European Economic Research (ZEW) Indicator of Economic Sentiment, a monthly Financial Markets survey, shows the balance between…


MPS Foundation acquires stake in SME finance company

The board of administration of the Monte dei Paschi di Siena (MPS) Foundation agreed an investment in Finanziaria Senese di…


October trade deficit soars

The trade deficit soared to US$674.2m in October from September's US$417.6m, as imports grew at a much faster pace than…


International Trade Centre unveils 'FiT' for apparel SMEs

The International Trade Centre (ITC), has introduced FiT, a business advisory service, to serve as a catalyst for small- and…

#conference#exporters#International Trade


Financial chief fired amid factoring fraud probe

Whitehall Jewellers Inc. said on Thursday that it had fired chief financial officer Jon Browne as a result of an…

#factoring fraud#receivables#SEC


Manufacturing recovery slowly taking hold – CBI survey

Manufacturers' export order books were fuller in December than for nearly three years and output is expected to grow for…

#Clear#Two

Cosec in talks for Euler Hermes to raise its...

Euler Hermes, world leader in credit insurance, already holds 8.5% in Cosec, but is interested in increasing its holding with…

#Allianz#insurance

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