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Italy

Banca IFIS increases profit in first half 2003

One year after becoming a Credit Institution, Banca IFIS exclusively provide working capital, mainly through factoring, for small- and medium-sized companies. The bank has nine branches in Italy and two representative offices in Hungary and Romania. During a very difficult...

“A Development Committee” for SMEs

A round table of small- and medium-sized businesses (SMEs) was the initiative today behind closed doors of the President of…


Business confidence up in August

Manufacturers were more optimistic in August compared to previous months: the confidence index, calculated by the ISAE (Economic Research Institute)…


Unicredit Factoring improves profits in 1st half results

UniCredit Factoring, the factoring division of Italian bank UniCredit, closed the first half of 2003 with net profits of Ђ3.5m…

#bank#Unicredit#Unicredit Factoring


Italy slides into recession

Italy has slipped into a recession for the first time in 11 years, the government reported after studying the effects…

#economy#GDP#recession


New name for Mediofactoring

Mediofactoring, Italy’s largest factoring company, has changed its name to Intesa Mediofactoring spa. The new style will bring more uniformity…


Italian Industry Ministry to launch fund for SMEs investing...

"Promoting industrial districts on foreign markets is a way to internationalise and give new momentum to the Italian economy," said…


SACE returns to profit and announces new guarantee product...

In view of the uncertain prospects of the world economy, SACE, the Italian export-credit guarantee agency, plans to increase the…


SACE close to reopening export credit insurance cover for...

Businesses that want to invest in Iraq will once again be able to avail themselves of SACE (Export Credit Insurance…

#export credit insurance#SACE#trade


Banca Popolare di Sondrio in SME venture in Lombardy

The Italian bank Banca Popolare di Sondrio (Pop Sondrio) has concluded an agreement with Promos, the international operations division of…


Factoring and leasing company to raise Ђ241.8m through asset-backed...

Commercio e Finanza Leasing e Factoring SpA (CFLF), which is headquartered in Naples, is raising Ђ241.8 m through the planned…

#cash-flow#guarantee#insurance


Banca Ifis Results Improve

Banca Ifis, a factoring company listed on the Milan stock market, reported net profits of Ђ1,065,000 and a turnover of…

#Banca IFIS#bank

Italian Factors IFIS Committed to International Expansion

Giovanni Bossi, managing director of the Italian factoring company IFIS, yesterday confirmed its plans to enter the Milan Star index…

#bank#international#Italian factoring

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