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A recent exchange of correspondence between Assifact, the Italian Factoring Association, and the Bank of Italy has resulted in the Bank expressing a view which is interpreted as a requirement for Italian factors to carry out due diligence on customers...
#ASSIFACT#bank#commercial finance
Biggest private Italian energy company is struggling to pay its EUR2.2 billion debt... (more…)
#BPM#guarantees#Intesa Sanpaolo
Under new securitisation rules proposed by the Italian government, trade receivables securitisation could become easier. (more…)
#bank#international#invoice
Despite slower growth rates, Italian factors are optimistic about the industry’s future. (more…)
#ASSIFACT#Italian factoring#receivables
The group Parmacotto held a round table with creditor banks. (more…)
#banks#confirming#Intesa Sanpaolo
Confindustria and Veneto Banca have signed a EUR50million finance agreement, from which EUR30million would be channelled as factoring and leasing.…
#bank#funding#international
The Italian Online Commodities Exchange launches an initiative to revive national beef industry. (more…)
#financial services#insolvency#invoice
Juventus Football Club SpA s payables to factoring companies have almost doubled. (more…)
Italian Banking Association surveyed 1,813 banks and financial intermediaries authorised to purchase receivables from suppliers to the Public Administration. (more…)
Popolare di Vicenza sold EUR1B of asset-backed securities. (more…)
Lombardy Region s administration partnered with factoring companies to pay its debts to suppliers. (more…)
Unicredit Factoring allocates 500 million to support the supply chain of Conad, one of the largest supermarket chains in Italy.…
UniCredit, Accenture set up JV to enhance invoice-management processes. (more…)