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OPIC agreement with Pan-African Export Credit Agency

The Overseas Private Investment Corporation (OPIC) and the African Trade Insurance Agency (ATI), a World Bank and pan-African state-supported Export Credit Agency established to promote trade and investment in Africa, have concluded a memorandum of understanding (MOU) intended to facilitate...

#bank#emerging markets#exporters

Asian Development Bank proposes privatisation of SME Bank

The Asian Development Bank (ADB) proposes assistance for restructuring and ultimate privatisation of SME Bank for it to play an…

#ADB#bank#business finance


Bad debt provision causes Aston Rothbury Factor’s profits to...

Aston Rothbury Factors Limited’s latest financial statement, for the year ended 31 March 2002, attributed the company’s decrease in profit…

#AR#Bill#insurance


Invoice financing usage up, leasing down – Bank of...

Invoice financing provided to small- and medium-size enterprises (SMEs) rose towards the end of 2002, although the use of leasing…


Moody's runs the rule over the Coface Group and...

Moody's today assigned its Aa3 insurance financial strength ratings to the main operating entities of the Coface Group (Coface SA,…


The president of the Association of Business Recovery Professionals...

John Verrill, the president of the Association of Business Recovery Professionals(R3), the body representing insolvency practitioners and company doctors, slammed…

#banks#insolvency#Paid


Development Bank of the Philippines opens P5 billion factoring...

The state-owned Development Bank of the Philippines (DBP) has set aside an initial P5 billion for its factoring facility as…

#bank#funding#receivables


Norway logged the highest bankruptcy rate of Scandinavian countries...

Bankruptcy filings in Norway soared 41.3% during the first three months of 2003, compared to the same period last year.…


Hansa Capital’s factoring market share increases to 51.4%

In a survey of 164 companies by Factors Chain International (FCI), Hansa Capital climbed nine places to number 43 in…

#international


Insolvency practitioner loses licence to practise after being convicted...

An insolvency practitioner has lost his licence to practice after being convicted of conspiracy to defraud creditors. Sudhir Rishi, also…

#insolvency#trade#WHO


The Association of Business Recovery Professionals, R3, appoints a...

John Verrill, head of corporate recovery and partner at leading law firm Lawrence Graham, was today appointed president of R3,…


Small Enterprise Development Corporation disburses $949m loans under SME...

The Small Enterprise Development Corporation (Sedco) has, since 2002, distributed loans amounting to $949 million to over 1,557 borrowers under…

#GDP#smes#unemployment

Deutsche Bank close to giving up on stake in...

After struggling for more than a year to sell its stake in Gerling, the crumbling insurance concern, Deutsche Bank is…

#bank#Deutsche Bank#insurance

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