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BFC appoints PWC as advisor

Publicly listed PT Bakrie Finance Corporation (BFC), a subsidiary of the Bakrie & Brothers Group, and its creditors have agreed to appoint PriceWaterhouseCoopers (PWC) as an independent financial advisor to oversee its debt restructuring scheme. The company operates in leasing...

#i#leasing

Director of PT Era Giat Prima Cleared of Charges...

Central Bank Governor Sjahril Sabirin is facing a possible four year imprisonment for allegedly being involved in corruption linked to…


Ashley Commercial Finance Continues “Controlled Expansion”

The abbreviated accounts for the year ended 31 March 2001 have today been released by factoring company Ashley Commercial Finance,…

#bank#BCR Publishing#commercial finance


Eurofactor Enters the Thames Valley

Eurofactor (UK) Limited, backed by Credit Lyonnais and Euler (Europe’s largest credit insurance company), is launching a Thames Valley business,…

#funding#invoice#leadership


Venture Finance Offers Free Bad Debt Protection for SMEs

Invoice and asset-based finance specialists Venture Finance PLC last week launched a free bad debt protection service for small to…

#ABN AMRO#bank#invoice


CEO of GMAC Commercial Credit Dismissed

Mr. Joe Grimaldi, the chief executive officer of the USA’s second largest factoring company, GMAC Commercial Credit, has been dismissed…


Raft of New Bills, Including Factoring Legislation, is Deemed...

Delays in the Council of State's legal interpretations of pending economic bills, including a draft of the Public Enterprise Corporation…

#bank#factoring legislation#management


BBVA Factoring Plans Expansion of Product Range

BBVA Factoring, the factoring arm of Spanish bank BBVA (and the Spanish industry’s largest player with a market share of…

#bank#BBVA#Paid


Bibby Research Shows Confidence Growing Amongst British Exporters

Despite a high pound and international uncertainty, Britain’s export sector remains buoyant according to research from leading business finance providers…

#business finance#exporters#financial services


Asta Funding Projects 40% Earnings Growth for 2001

Asta Funding Inc, a leading consumer receivables asset management and liquidation company which also factors commercial receivables, today announced that…

#asset management#funding#management


GE Completes $5.3 Billion Acquisition of Heller Financial

General Electric Capital Corporation (GE Capital), a diversified financial services company and subsidiary of the General Electric Company, today announced…

#commercial finance#credit risk#financial services


Hansabanka to Increase Share Capital

It was announced this week that Latvia’s third largest bank, Hansabanka, has received permission from the Finance and Capital Market…

Privatisation of Banca Comerciala Romana to Proceed at Cautious...

It was announced earlier in the month that Romanian authorities had approved the privatisation strategy of Romania’s largest bank, Banca…

#bank#banks#BCR Publishing

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