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The Finova Group has today announced that it has signed an agreement to sell its commercial services business (which provides factoring and accounts receivable management services) to GMAC Commercial Credit. Matt Breyne, president and CEO of Finova said “This decision...
Hiromu Nonaka, the Secretary General of Japan’s ruling Liberal Democratic Party has made an announcement regarding future changes in the…
German Chancellor Gerhard Schrцder, referring to his country’s reputation for high taxes and low growth, has declared that “The German…
#BCR Publishing
The Federal Reserve’s latest survey on regional economic conditions indicates that the rate of growth in the US has slowed…
US venture capital financing has slowed slightly in the second quarter, but still remains at record levels of about US$1bn…
A new rule is proposed by the US Securities and Exchange Commission to stop companies giving favoured analysts and investors…
Company Volume Factored in $ millions Percentage Increase from 1998 Percentage of Industry Total Volume Non Recourse Factors Accord Business Credit Inc 762 -1.2% 26.3% GMAC Commercial Credit Corp 740 -5.1% 25.6% Brome…
The Indian Prime Minister, Atal Behari Vajpayee, has told his party that “all of us should realise that globalisation is…
#international#international factoring#investments
A bill that would force the central bank to consult with the government and report to the parliament on a…
Konsolidacni Banka, the Czech state factoring bank, has today announced that it has cancelled an agreement made in June with…
#bank#factoring industry#management
In spite of the introduction of laws this year to protect minority investors and to eliminate capital controls, levels of…
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
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