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Fortis Aim for Profit in 2001 as they launch...

The annual accounts for Fortis Commercial Finance Limited, the factoring company formed in July 2000 by integrating FMN Financial with the Fortis Bank Invoice Discounting division of Fortis Bank UK, have been released for the year ended December 31, 2000....

#bank#commercial finance#International Trade

FS-Banken and SEB Merger Thwarted by EU

The planned merger between SEB and FцreningsSparbanken, two of Sweden’s largest banks, has become unviable as a result of concessions…


Demirbank Bulgaria Bought by Turkish Consortium

Demirbank Bulgaria has been bought by a Turkish consortium consisting of the former owner of the bankrupt Turkish bank, Halit…


Unicredito Italiano Acquires Majority Stake in Demirbank Romania

A 62.5% stake in Demirbank Romania, the company which, according to figures submitted to Factors Chain International for the year…


Indian Institute of Bankers to Offer Development Course in...

As part of its attempts to keep pace with the rapidly changing scenario in the financial sector, the Indian Institute…


North American Factors “Drowning in a Sea of Credit...

An informed source in Canada was speaking to a colleague in an undisclosed Canadian factoring company owned by a major…

#bank#BCR Publishing#business finance


Joint Venture of Banco de Chile and BCI to...

Artikos Chile, a company formed with a US$9mil investment by Banco de Chile and BCI (Banco Credito e Inversiones), is…

#electronic factoring#investment#Produce


Sterling National Bank Announces New Hong Kong Subsidiary

Sterling National Bank, the principal banking subsidiary of banking and financial services company, Sterling Bancorp, today announced the launch of…


Intuit Canada Limited and Alliance Financing Group Inc. Announce...

Intuit Canada Limited, the Edmonton-based provider of e-finance solutions, together with the one-stop financing shop, Alliance Financing Group Inc., announced…


Meeting of Bankers and Industrialists Reveals Level of Pessimism...

European business leaders are scared. For all the brave words and fine talk that the worse may soon be over,…

#bank#banks#i


Euro Fails to Penetrate the UK

"There is some anecdotal evidence that use of the euro is increasing a little," says Leslie Gunde, associate director at…

#economy#exporters#invoice


Exim Factoring Venture to Begin Operations in Ten Days

Global Trade Finance Pvt Ltd, the factoring joint venture company of Exim Bank of India, WestLB (Westdeutsche Landesbank Girozentrale) of…

#bank#emerging markets#exporters

HBOS Plans to Target Small Business Market

HBOS, the bank formed by the merger of Halifax and Bank of Scotland, is to recruit hundreds of staff in…

#bank#Deutsche Bank#NatWest

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