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Canbank Factors Ltd reports best ever in volume and...

Canbank Factors Ltd, a subsidiary of Canara Bank, recorded its highest ever turnover (factoring volume) of Rs 1,223 crores for the year ended 31 March 2003. This represents a growth of 19.25 % over the previous year turnover of Rs...

#bank#banks#liquidity

Trade figures massively distorted by termination of VAT “carousel”...

A breakdown of trade figures from the Central Statistics Office (CSO) indicates that up to 40% - or some Ђ3.5…


Financial laws reform timetable announced

Starting as early as 2006, financial firms, including banks and insurers, will be free to provide the same or similar…

#bank#international#management


SMEs face financing problems

Ibrahim Karaoglu, chairman of the Board of Directors of the Kocaeli Association of Active Industrialist Businessmen (KAAIB), addressed the problems…


Eight APEC economies sign memorandum to support SME finance...

Finance ministers from the 21 Asia-Pacific Economic Cooperation (APEC) member economies are expected to sign an agreement on financing for…


BDC and the Caisse create a $300 million SME...

The Business Development Bank of Canada (BDC) and the Caisse de dйpфt et placement du Quйbec (Caisse) have concluded an…


Late paying businesses risk their reputation

Research conducted by the Better Payment Practice Group (BPPG) reveals that 85% of UK companies believe that late payment is…


Alliance announces resignation of president

Alliance Financing Group Inc has announced that Michael Maurer has tendered his resignation as president and as a director of…

#commercial finance#receivables#receivables financing


Resona Holdings to integrate factoring units in move to...

Resona Holdings Inc. decided on Tuesday (26 August) to reduce the number of its subsidiaries and affiliates to one-fourth the…

#bank#conference#international


Crestmark Bank announces new First VP for asset-based lending...

Crestmark Bank has introduced Mark Matheson as its newest first vice president. Matheson will initially be responsible for underwriting and…

#bank#commercial finance#management


Coface Group consolidated turnover – 1st Half 2003 details

COFACE GROUP – 1st Half 2003: Consolidated turnover growth of 11.5%  1st Half 2003 1st Half 2002 Change in % H1 03…


Reserve requirements raised on domestic and foreign banks and...

China will raise the reserve requirements on domestic and foreign banks and other deposit-taking financial institutions next month in order…

Zurich appoints their first London trade credit underwriter

Zurich North America and Zurich London announced that George Bolton has joined the London office as their first trade credit…

#emerging markets#exporters#international

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