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Gerling/NCM Joint Venture to Consolidate their European Factoring Presence

Gerling Versicherungs-Beteiligungs-AG (GKB) and Swiss Re have reached an agreement on forming a joint venture between Dutch credit insurer NCM,…

#international#management#receivables


Merchant Commercial Finance Records 40% Turnover Increase

The London-based trade finance company, Merchant Commercial Finance, has recorded a 39.7% increase in turnover in the year ended 28…

#commercial finance#export finance#financial services


Fraud Causes Fall in Profits at Five Arrows

Five Arrows Commercial Finance, which in the year ended 31 December 1999, recorded profits before tax of Ј890,000, has seen…


Siam General Factoring Records Impressive Growth in Profit in...

Siam General Factoring, the third largest player in the Thai market behind Thai Farmers Heller and Ayudhaya International Factors, has…


Industry Ministry Lobbies to Establish New SME Bank

The Industry Ministry wants laws establishing a new SME bank to explicitly protect lending officers from legal liability if assets…

#bank#banks#risks


Cutfin Joins FCI

Cutfin, Absa's debtor finance house, has joined the ranks of almost 150 companies in more than 50 countries by becoming…

#international#international factoring#risk


Eurofactor (UK) Comment on their Return to Profit in...

Eurofactor (UK) Ltd, the company formerly known as Credit Lyonnais Commercial Finance Ltd, have recorded a return to profit in…

#BCR Publishing#commercial finance#insolvencies


Royal Bank Of Scotland Agrees Terms To Buy Euro...

The Royal Bank of Scotland plc (“RBS”) has agreed the terms of a recommended cash offer for the entire issued…


Banks Reduce Offer of Credit

Brazilian banks are reducing the offer of credit to small and medium sized companies due to the growth of default…

#banks


Euro Sales Finance Records Loss Before Tax of Ј10.9million

Year end results to 30 June 2001 Euro Sales Finance (“ESF”), the pan European sales finance company, today announces its…


Factoring Contributes to Healthy First Half Results for Banco...

The Lisbon-based Banco Espirito Santo, the principal subsidiary of the Espirito Santo Financial Group S.A., today announced its 2001 First…

RBS Boosts Invoice Finance

Faster access to invoice finance is being offered electronically by Royal Bank of Scotland’s commercial services arm. Through the KeyCash…

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