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Italy

MPS reveals growth in factoring turnover

MPS Leasing and Factoring has revealed its results for Q1 of 2005 as showing a  profit of €3.3 million. Factoring operations produced a  €1.253 million turnover, reflecting a 4.4 per cent increase, compared with the same period last year.   According to...

#leadership#leasing#Vice president

Banco Italease purchases Factorit

Banca Italease Spa has purchased Factorit Spa on 6th May 2005 for €313,411,831.  Banca Italease Spa, established in 1668 is…


Factoring group shareholders authorise IPO

Shareholders of Banca Italease, the Italian leasing and factoring group approved the issue of 15.5 million new shares and gave…


Unicredit-Confindustria agreement fund allocation begins

On Monday the fund allocation for the innovations set by the UniCredit-Confindustria agreement will begin. The operative agreement worth Ђ1bn…

#bank#guarantees#international


Intesa Mediofactoring profit 2004 increased by 70%

The Board of Administration of Intesa Mediofactoring, the factoring company of Intesa group, analysed and approved the project of balance…


Factoring group seeks external growth

Italian factoring group Banca Ifis intends to pursue external growth by acquiring another Italian group, says its chief executive Giovanni…

#Banca IFIS#bank#international


Banca Carige allocates Ђ100m to finance SMES

Banca Carige will allocate Ђ100m to small- and medium-sized enterprises (SMEs) from the Liguria region associated with Fidimpresa Liguria and…

#Consortia#investments#smes


BPU sells its stake in leasing and factoring divisions

Banche Popolari Unite Scrl (BPU) has agreed to sell its 50% stake in ABF Leasing SpA to Banca Popolare dell'Emilia…

#interest#leasing


Merloni sells 40% stake in factoring unit

Merloni Elettrodomestici SpA said its board agreed yesterday to sell a 40% stake in the factoring company Faber Factor for…


UniCredit to launch securitisation bond for Italian SME locals

Italian banking group UniCredit is preparing to launch a Ђ300m bond securitising credit granted to small-and medium-sized enterprises (SMEs) in…

#risk#securitisation#smes


Parent sells factor

Merloni Elettrodomestici (electrical appliances), will sell out Faber Factor, a factoring company half-owned by Merloni Elettrodomestici and the remaining half…

#funding


Factors lose out on Parmalat creditor list

Factoring companies that supplied working capital finance to subsidiaries of Parmalat will receive nothing in compensation, according to Enrico Bondi,…

Sanpaolo IMI expands business loan scheme

Italian banking group Sanpaolo IMI is expanding its services to businesses with the recent introduction of a Ђ250m programme to…

#banks#smes

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