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MetroCorp Bancshares Inc. announced that Advantage Finance Corporation, the factoring subsidiary of MetroBank N.A., has reportedly been the victim of a fraudulent scheme by a long-time customer, which will require an unusual charge-off against MetroBank's loan loss reserve during the...
#3M#bank#interest rates
Fortis Commercial Finance Up and Running Fortis Bank Commercial Finance and FMN Financial will from now on be working together…
#bank#commercial finance#insurance
RDM Factors have opened their tenth office in UK on 8 May. The new branch is located in Manchester and…
Euro Sales Finance Completes 2nd Asset-Backed Securitisation Sructuring Euro Sales Finance PLC said it has successfully completed the structuring of…
According to MBF Capital's Chief Executive Officer Datuk Loy Teik Ngan, sales by MBf Factoring are looking better than last…
SBI Factors is looking for certain regulatory changes to ensure that factoring takes off in a major way. Business is…
#SBI
Canbank Factors achieved a turnover of Rs. 1,000 Crores in 1999-2000 and expect growth of 25-30% in the coming financial…
#bank#guarantees#invoice
Adossag Borze Kft on Wednesday announced that it will launch an internet debt exchange platform for factoring companies from June.…
The bank is a market leader in Germany in the field of factoring, but has suffered a drop recently in…
Deutsche Factoring Bnak increased turnover by 8% to about 1.8bn euros in 1999. Annual net profits rose by 1% to…
#bank
Gerling Namur Profit up by 43% Gerling-Namur, the subsidiary of German Gerling Credit Insurance Group, saw consolidated profit rise 9…
Gerling-Namur, the subsidiary of German Gerling Credit Insurance Group, saw consolidated profit rise 9 per cent to BFr8.43bn in 1999.…
Belgo Factors, FMN Finance Housing and Ace Factors, the Belgian factoring companies, are merging today to form Fortis Commercial Finance…
#commercial finance#international#management