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Danske Bank sells BG Factoring to NCM

Danske Bank sold its subsidiaries BG Factoring A/S and BG Garanti Forsikringsselskab A/S to the Dutch-owned NCM group effective from 1 April 2001. BG Factoring is the fifth largest player in the Danish factoring market, with a market share of...

Haulage Seminar, National Motor Museum, Gaydon, Warwick, UK: Tuesday...

In light of the problems that the haulage industry has been facing, the accountants Grant Thornton, renowned for their expertise…


Asta Reports 62% 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


Late Payment Guarantees Added to Coverclick’s Product Range

Coverclick.com, the web-based credit insurer backed by Royal & Sun Alliance, has added another first to its product range. Following…


“Complex Monopoly” of Banks Damages Small Businesses

Small businesses are being hindered by excessive loan and current account payments due to banks running a “complex monopoly”, according…


Hansabank to buy Lithuania’s Second Largest Bank

Hansabank, owner of the largest factors in the Baltic states, Hansa Leasing, yesterday strengthened their pan-Baltic network by signing a…

#bank#leasing


Independent Growth pulls IPO

Factoring group Independent Growth Finance Plc, the holding company for GLE Invoice Finance, said on Monday it was scrapping its…


Shake-up at Euro Sales Finance

On 9 April 2001, Euro Sales Finance (ESF) announced that it was examining with its lead banks ways in which…

#bank#Deutsche Bank#funding


UK Businesses Urged to Participate in Consultations over European...

The Better Payment Practice Group is urging UK businesses to take part in the consultation process on implementing a European…

#European Commission#interest#late payment


Bancorp’s Factoring Income Drives Record Q1 Figures

Sterling Bancorp today announced record figures for the three months ended 31 March 2001. Net income for their factoring operation…

#interest


GLE Invoice Finance to Launch Invoice Discounting

The Kent-based factoring company, GLE Invoice Finance, have announced the expansion of their product range to include invoice discounting. The…

#funding#invoice#management


Svenska Handelsbanken Bid for Midtbank

Yesterday Svenska Handelsbanken, the largest bank in Sweden and parent of one of the Swedish factoring industry’s major players, Handelsbank…

Manufacturing Economy Contracts as Book Orders Fall

The Purchasing Managers’ Index (PMI) survey in March indicated marginal falls in both output and order books. The worst performing…

#economy

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