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Dynamic Commercial Finance Release First Annual Results since Flotation

Dynamic Commercial Finance (DCF) has released its first annual results since its flotation on the Alternative Investment Market (AIM) in December 2000. The company’s turnover the year ended 31 December 2001 was Ј884,000. However, no profit was made and a...

#bank#commercial finance#invoice

Government Helps SMEs Access Euro Billions of EU Funds

Small businesses wanting to tap into European funding opportunities will be given a helping hand today when the Small Business…

#funding#MAN#small business


Natexis Acquisition of Coface cleared by EU

The European Commission said it cleared under EU merger regulation the acquisition by Natexis Banques Populaires of control of Compagnie…

#acquisition#European Commission#insurance


CIT Group’s IPO Raises Disappointing US$4.6 Billion

Tyco International Ltd. raised a disappointing US$4.6 billion in the initial public offering for its finance unit, CIT Group Inc.,…

#CIT#international#investment


CIT Shares Fall After Initial Public Offering Launch

Shares of CIT Group Inc. fell 4% Tuesday, a day after Tyco International Ltd. spun off the finance unit to…


US$250 million Shot in the Arm for Small and...

The Zimbabwean Ministry of Industry and International Trade last Monday released US$250 million for disbursement to small and medium scale…

#interest#interest rate#international


Tyco to proceed with CIT Initial Public Stock Offering

Tyco International Ltd. has decided against selling its lending division and will instead spin it off in an initial public…


New Chairman at Factorem

Gils Berrous has been appointed chairman of the management board of Factorem, the factoring subsidiary of French banking group Natexis…

#management


New Member for Factoring and Discounters Association

Independent Growth Finance (IGF) is the latest member of the Factors and Discounters Association after rapidly establishing itself since its…

#IGF#Independent Growth Finance#invoice


First National Business Finance Re-brands

Areas of First National Business Finance will now be re-branded Abbey National business. Invoice Finance which incorporates invoice discounting and…

#business finance#invoice#receivables


TEB’s Factoring Assets Decreased by More than Half in...

The Turk Ekonomi Bankas group has released its consolidated balance sheet for the year ended 31 December 2001. The statement…


CIT Group’s Chief Executive Speaks Out

CIT Group Inc.’s chief executive Albert Gamper, pitching the company's planned US$5.8 billion stock offering, says Tyco International Ltd.'s ownership…

#CIT#CIT Commercial Services#international

Siam General Factoring Praised by Thai Securities and Exchange...

The Thai Securities and Exchange Commission yesterday praised 15 companies for providing management discussion and analysis (MD&A) to investors as…

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