Greece

Greece has become the latest country to join the EU Federation (EUF), it was announced last week at the BCR Receivables Finance International Conference.

George Goumassis and Alexandrous Kontopoulos talk to Factorscan about the crisis in Greece, the importance of confidence in the face of adversity and their expectations that the Greek factoring industry will ride out the rising storm.

Marfin Egnatia Bank S.A (MEB) are in the process of a cross-border merger with parent company

Athanasios Daflos, Chief Information Officer at Eurobank EFG Factors, talks to Factorscan about Eurobank EFG Factors decision to introduce its own in-house software, the major benefits that the software has brought the factor and how it has helped Eurobank increase its volume of transactions four-fold over the last three years.

As of 2011, all transactions of over 1000 will be processed electronically, in a bid to target the amount of black market funds exchanged in Greece.

Ten prominent Greek factors have established the Hellenic Factors Association, an association launched to expand and develop the factoring industry in Greece.

Eurobank EFG Factors have announced a successful year, with the firm maintaining its leading position

The European Investment Bank (EIB) on Wednesday signed two partnership agreements with ATEbank and Marfin Egnatia Bank.

European Investment Bank and Piraeus Bank have combined forces for the first time to finance Small and Medium Enterprises

Greek data and information provider Hellastat and Standard Poor's Risk Solutions have announced a new alliance