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FCI release 2011 figures for worldwide factoring industry

Fresh Factors Chain International (FCI) statistics indicate that the total worldwide volume for factoring increased sharply in 2011 with more than 22 per cent compared to 2010. (more…)

#bank#international#management

India Factoring lays down two-year SME lending plan

Mumbai-based India Factoring and Finance Solutions, a non-banking financial company, is planning to lend Rs 10,000 crore to SMEs and…


Regency Factors awarded EFG accreditation

Regency Factors has been approved for the Government's Enterprise Finance Guarantee (EFG) Scheme. (more…)


New online receivables exchange launches in Denmark

Dansk Faktura Bors A/S, a receivables exchange based in Denmark, has recently been launched by business partners Kasper Oldby and…

#bank#funding#international


IFG welcome two more members

The International Factors Group (IFG) has accepted two new members onto the organisation's membership list. (more…)

#commercial finance#global trade#ING


Lloyds agrees GBP7.5m invoice discounting deal with Midlands manufacturer

Mail Solutions Group has secured a GBP7.5 million invoice discounting line from Lloyds Bank Wholesale Banking Markets. (more…)

#bank#international#invoice


CIT recruit Brandman as new CAO

CIT Group, a New York-based provider of financing to SMEs, has appointed Andrew T. Brandman as Executive Vice President and…

#CIT#management#smes


Hauling specialist refinances using GBP50m invoice finance package

Hargreaves Services, a Durham-based hauling specialist, has re-financed its core UK banking facilities and increased them from GBP115 million to…


New capital requirements for Russian banks could ‘undercut competitiveness’

The new requirements for calculating capital adequacy at Russian banks, developed by the Central Bank, will reduce the competitiveness of…

#bank#banks#capital requirements


Factoring companies' turnover up by 31 per cent

Members of the Polish factors' association, PZF, recorded PLN 18.4 billion turnover in the first quarter of 2012, up by…


Will Factoring in Russia continue its rapid growth?

Trade and services handled by the Russian factoring industry nearly doubled in 2011. BCR Factorscan met with Mikhail Yakunin, General…


IFC Bank initiates factoring service

The financial services provider, OJSC JSCB International Financial Club (IFC Bank), in cooperation with the National Factoring Company, has begun…

Ultimate Finance’s turnover increases by 25 per cent

Ultimate Finance Group plc, a provider of financial solutions to SMEs, has reported a 25 per cent increase in turnover…

#commercial finance#recession#smes

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