Italy

Association of Italian factors (ASSIFACT) posts a 15.6 per cent growth in factoring volume for its members in 2010.

Gruppo Bancario Credito Valtellinese and Banca IFIS sign a commercial distribution agreement...

As a result of pressure on businesses brought about by the financial crisis, factoring in Italy has experienced a booming 2010.

UniCredit s Board of Directors today approved the Group s strategic guidelines to be presented to the financial community by Summer 2011, announcing that leasing and factoring activities will be included under the General Manager.

A 42.2. per cent factoring volumes growth for the three quarters of 2010 allows UBI Factor to remain one of the leaders of the Italian factoring market.

Confeserfidi 107 consortium of Sicilian businesses announced last week that it has signed an agreement...

Italian factoring firm Factorit SpA has announced the completion of its acquisition by Banca Popolare di Sondrio and Banco Popolare di Milano.

Following signing of an agreement on cooperation earlier this year, today Banca IFIS and Banca Popolare Vicenza have exchanged small shareholdings.

A joint project of cooperation between the Bank of Naples and Mediofactoring (100% subsidiary of Intesa Sanpaolo), is aimed at providing credit to the pharmacy sector.