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Finacity facilitates USD250m receivables purchase facility for Trafigura

Receivables finance specialist Finacity Corporation (Finacity) has announced the facilitation of a syndication of a US$250 million revolving receivables purchase facility supporting the ongoing sale by Trafigura AG of certain trade receivables. (more…)

#financial institution#international#receivables

HSBC: SMEs still hesitant on renminbi trade

Indonesian businesses have yet to adopt China s renminbi as a currency in trading with the country, amid concerns about…

#bank#guarantees#receivables


FC POLITEKS opens representative office in Saint-Petersburg

FC POLITEKS (Politeks) actively develops factoring operations in Saint-Petersburg. (more…)

#bank#electronic factoring#international


Coface strengthens presence in Africa

Credit insurance provider Coface has continued its global expansion by extending its offering in Western and Central Africa. Coface guarantees…

#bank#credit risk#guarantees


Report – Access to funding for Irish SMEs second...

A new report on competitiveness has revealed that access to funding for Irish SMEs has deteriorated to the second worst…


CBC provides USD35m in new factoring and asset-based facilities

Capital Business Credit LLC (CBC), a US-based financial products and services company, has provided US$35 million in revolving lines of…

#banks#economy#trade


IFC to channel USD400m in Indonesian investments

The International Finance Corporation (IFC) is aiming to disburse between US$400 million and $600 million in investments in Indonesia during…

#bank#international#Jobs


ABFA announce new chairman

The Asset Based Finance Association (ABFA) has announced the appointment of its new chairman, John Onslow, chief executive of Centric…

#commercial finance#head of trade and working capital#international


MFB gets EUR100m EIB loan for SME financing

The European Investment Bank (EIB) has provided a EUR100 million loan to the Hungarian Development Bank (MFB) to finance small…

#bank#economy#SME financing


Burgan Bank to purchase a quarter stake in Fimbank

Kuwait's Burgan Bank, which recently bought the Turkish arm of EFG Eurobank, is planning to buy a quarter stake in…

#acquisition#bank#international


IFC and Banca Transilvania make more funds available for...

The International Finance Corporation and Banca Transilvania are expanding their partnership by increasing financing available for small importers and exporters…

#bank#exporters#guarantees


MOC: Credit insurance subsidy programme eases trading risks

A subsidy programme to facilitate domestic small- and mid-sized traders' purchases of trade credit insurance has markedly eased trading risks,…

Factoring in the UK – A Country Review

  Kate Sharp, Chief Executive of the ABFA provides a review of the U.K. factoring market, covering industry environment, market performance,…

#bank#international#International Trade

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