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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 level. One of the alternatives for small players is to advance their receipts through a factoring company, that are also...

#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…


UK Manufacturers Suffer Worst Quarter since 1991

Manufacturing has suffered its worst quarter since 1991, official figures showed, confirming that the industry has gone into recession. Although…


Euro Sales Release Draft Account Details

The board of the stricken factoring company, Euro Sales Finance plc, has today issued draft accounts for the year ended…

#BCR Publishing#funding#i


Factoring in the Implications of GE Capital’s Heller Buy-Out

It is thought that GE Capital’s acquisition last week of Heller Financial for $5.3bn, whilst significant in the broader context…


Companies Taking Longer to Pay Bills than when Legislation...

Many companies in the UK are delaying payment of their invoices as a means of bolstering their cash flow as…

#cash-flow#Jobs#late payment


Asta Reports 49% Increase in Net Income

Asta Funding, the financial services company which specialises in factoring and the purchase, liquidation and management of performing and non-performing…

#financial services#funding#management


DTI Records Increase in Corporate Insolvencies in Q2 2001

Statistics showing insolvencies in the second quarter 2001 are published today by the Department of Trade and Industry. Company Insolvencies…

#insolvencies#trade


Eurofactor Contributes to Growth of Euler Group

The credit insurer and provider of other diverse financial and management services, Euler group, has recorded a rise of 15%…

#Allianz#international#management


New Rules for Mutual Trust Funds Could Have Implications...

The Ministry of Finance announced on 1 August a set of draft rules governing the management of mutual trust funds,…

#bank#bonds#guarantee

Factofrance Heller Bought by GE Capital

The leading French factoring specialist, Factofrance Heller, has become part of GE Capital, the financial arm of General Electric, following…

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