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French credit insurer suffers profit slide as factoring arm...

French credit insurer Euler & Hermes (F.EUL), which is 67.4%-owned by Assurance Generales de France (F.AGF), said Thursday its net profit slid to Ђ51.2 m in 2002, compared with Ђ90.4 m a year earlier. The company has been affected by...

#interest#interest rates#securitisation

Apparel manufacturer secures $25m credit revolver against L/Cs, factoring...

Candie's, Inc. (NASDAQ:CAND) today announced that its wholly owned subsidiary, Unzipped Apparel, LLC, which manufactures and sells Bongo jeanswear, signed…


Factoring and leasing company seeks reduction in financing costs...

Factoring and leasing company, Siam Panich (SPL) expects to post revenue growth of 22% in 2003, with net interest spreads…


The Royal Bank of Scotland Group records increased income...

An 11% increase in income, from the restated amount of Ј5,457 million for 2001 to Ј6,052 million for the year…


Chief executive of Potential Finance Ltd reveals expectations for...

Laurence Rutter, chief executive at Potential Finance Ltd, today talked to BCR about the plans for Potential in 2003 –…

#factoring industry


S&P cuts Gerling’s ratings to 'BB+' and keeps them...

Standard & Poor's Ratings Services said today it lowered to 'BB+' from 'BBB' its long-term counter party credit and insurer…

#DEC#insurance#management


Government statistics show business survival rates improving

The latest analysis from the DTI's Small Business Service shows that 91.4 per cent of VAT-registered businesses are still trading…

#interest rates#small business#small businesses


Business recovery association (R3) disagrees with DTI business failures...

The Association of Business Recovery Specialists, R3, the body representing business rescue professionals, today contradicted the government’s latest figures for…

#insolvencies#R3#training


FDA’s latest statistics show decrease in export factoring

The FDA’s latest quarterly statistics show a decrease of 2% in export factoring volume and a decrease of 1% in…


Factoring and leasing company to raise Ђ241.8m through asset-backed...

Commercio e Finanza Leasing e Factoring SpA (CFLF), which is headquartered in Naples, is raising Ђ241.8 m through the planned…

#cash-flow#guarantee#insurance


Sparkling performance from major factoring and leasing company as...

The net profit of Estonia's Uhisliising (Uhispank Leasing) group was 99 million kroons (Ђ6.33 m) last year against 58.4 million…


Survey reveals factoring leads credit insurance as the most...

More than half of the companies within the apparel and home goods industries have failed to diversify their customer base…

#CIT#credit protection#management

‘Flawed economic policies’ that are damaging SMEs and big...

According to Samoobrona (Self-defence) leader Andrzej Lepper, farmers’ protests have been caused by improper financial policy. "SMEs are going bankrupt,…

#Paid#poland#smes

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