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Opportunity Knocked for Regulation of Czech Factoring

A bill that would force the central bank to consult with the government and report to the parliament on a regular basis, has been rejected by the Czech Senate. The bill also stipulated that the government would take over from...

Konsolidacni Banka Cancels Agreement with U.S. Ayres Corp

Konsolidacni Banka, the Czech state factoring bank, has today announced that it has cancelled an agreement made in June with…

#bank#factoring industry#management


Government Reforms Fail to Inspire Confidence

In spite of the introduction of laws this year to protect minority investors and to eliminate capital controls, levels of…


SFF Affacteurage and SLIFAC merge to form Eurofactor

France’s second and third largest factors (by turnover and market share) have merged to create Eurofactor, which claims to be…

#commercial finance#international#international factoring


LOFAC’s Export Factoring Figures, January – July 2000.

Country Volume (in US$) Percentage of Total Export Factoring Volume Canada 599,324 24.24 Poland 426,312 17.24 USA 345,688 13.98 UK 262,742 10.63 Germany 183,275 7.41 France 139,284 5.63 Netherland 126,076 5.10 South Africa 98,310 3.98 Australia 97,452 3.94 Chile 76,694 3.10 Japan 58,800 2.38 Italy 31,485 1.27 Belgium 25,919 1.05 Austria 938 0.04 Total 2,472,299 100 

#poland


Disappointment as Inflation Continues to Increase.

A report on 3 August 2000 has revealed that there has been a 2.2% increase in consumer price inflation for…

#inflation


Industry Optimism Follows Failure to Raise Interest Rate

There were worries that recent strong rates of growth would lead to the Bank of England raising the rate of…

#bank#Bank of England#Clear


Interest Rate Instability Continues

There has been a sharp increase in the money market rates in Sri Lanka during the last month and a…


Euro Sales Finance Announces Record Profits

Euro Sales Finance plc, the pan European factoring and invoice discounting company, has reported record profits for the year ended…


BCP trumps Deutsche Bank struggle for BIG

After a year long struggle for control over Poland’s BIG Bank Gdanski, Banco Comercial Portugues (BCP) has succeeded in taking…

#bank#Deutsche Bank#poland


Serious Fraud Office Launch Investigation into Versailles Collapse

The Serious Fraud Office have issued a press release stating that they are to conduct an investigation into the business…


Liquidator Appointed Following Versailles Hearing

After last week’s British Virgin Islands hearing, a court ruling has been made that promises to reveal more about the…

Versailles Investors Launch Court Action in British Virgin Islands

Two members of the group of wealthy individuals that helped fund the trade finance group Versailles (which went into receivership…

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