Exporters unable to secure credit insurance The Israel Manufacturers Association wants the government and the Finance Ministry to extend state guarantees to help beleaguered exporters.
Crisis times see rise in factoring transactions The Manufacturers Association of Israel has entered an agreement with Clal Finance Factoring, offering members factoring services at preferential terms to provide a temporary solution to the credit crisis
ICC-Cal, Psagot Financing announce joint factoring venture Israel Credit Cards-Cal Ltd. and Psagot Financing Factoring Ltd. have announced they are to enter a joint factoring venture
Cal Credit Cards and Psagot in talks to set up factoring co. Israel Credit Cards-Cal Ltd. is in advanced negotiations with Psagot Financing and Factoring Ltd. to set up a jointly owned factoring company
Insurer buys stake in factoring firm Migdal Insurance has announced the acquisition of a stake in factoring firm Peninsula Financial Ltd.
Clal Factoring – growth of 35% in 2007 Clal Factoring closed 2007 with a factoring volume of $580 million, 65% of which was domestic and 35% International.
Leumi in factoring joint venture talks with Coface Bank Leumi is reported to be in advanced talks to set up a joint factoring company with Coface.
Coface mulls factoring operation in Israel Sources say Coface, which owns the controlling interest in BDI is planning to extend its activities in Israel by establishing a factoring company.
Isracard buys controlling stake in Global Factoring Bank Hapoalim credit card subsidiary Iscacard Ltd. has signed an memorandum of understanding to acquire 51% of Global Factoring Ltd.
ICIC says exporters face bad debts Israeli Credit Insurance Company Ltd. says that exporters had US$275m in debts more than 30 days in arrears at the end of September 2007.
