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Small businesses are being hindered by excessive loan and current account payments due to banks running a “complex monopoly”, according to the Competition Commission. The provisional findings suggest that banks make monopoly profits, without explicit cartel agreements, and are inefficient...
Hansabank, owner of the largest factors in the Baltic states, Hansa Leasing, yesterday strengthened their pan-Baltic network by signing a…
#bank#leasing
Factoring group Independent Growth Finance Plc, the holding company for GLE Invoice Finance, said on Monday it was scrapping its…
On 9 April 2001, Euro Sales Finance (ESF) announced that it was examining with its lead banks ways in which…
#bank#Deutsche Bank#funding
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
Sterling Bancorp today announced record figures for the three months ended 31 March 2001. Net income for their factoring operation…
#interest
The Kent-based factoring company, GLE Invoice Finance, have announced the expansion of their product range to include invoice discounting. The…
#funding#invoice#management
Yesterday Svenska Handelsbanken, the largest bank in Sweden and parent of one of the Swedish factoring industry’s major players, Handelsbank…
The Purchasing Managers’ Index (PMI) survey in March indicated marginal falls in both output and order books. The worst performing…
#economy
GE Capital Commercial Finance Ltd has been voted European Asset Based Lender of the year for 2001 by the European…
#bank#commercial finance#funding
HSBC Invoice Finance (UK) Ltd have released their annual accounts for the year ended 31 December 2000. Turnover has risen…
#BCR Publishing#invoice
Venture Finance PLC today released their annual accounts for the year ended 31 December 2000. Turnover has risen by 26.16%…
#ABN AMRO#bank#banks