Italy

The Italian bank Banca Popolare di Sondrio has agreed to provide financial backing to small- and medium-sized enterprises (SMEs) which are registered with the Milan SME development fund, Confidi Milano.

The Italian factoring market is the second largest in Europe, it covers about 25 per cent of the European turnover and is quite different from other factoring markets due to the higher proportion of non-recourse products.

The current economic crisis and the new capital adequacy requirements that will be shortly imposed by Basel II have stressed the awareness that capital is a scarce resource to allocate while complying with two fundamental requirements: maximize re

The climate of confidence reported by Istituto di Studi e Analisi Economica (ISAE) among retailers in July and August has shown a downturn, from 101.9 in June to 100.7 in July and then to 98.1 in August, the lowest since last April.

One year after becoming a Credit Institution, Banca IFIS exclusively provide working capital, mainly through factoring, for small- and medium-sized companies.

A round table of small- and medium-sized businesses (SMEs) was the initiative today behind closed doors of the President of the Province of Rome, Enrico Gasbarra, and the entire Council together with the managers of SME’s Italian Associations and

Manufacturers were more optimistic in August compared to previous months: the confidence index, calculated by the ISAE (Economic Research Institute) was at 95.3 for August, almost nine points above the July figure, and near the figure of September

UniCredit Factoring, the factoring division of Italian bank UniCredit, closed the first half of 2003 with net profits of Ђ3.5m (up 15 per cent) and an operating margin of Ђ7.7m (an improvement of 34 per cent).

Italy has slipped into a recession for the first time in 11 years, the government reported after studying the effects of the conflict in Iraq, which hurt consumer confidence, and a sharp rise in the euro, which sapped strength from the Italian eco

Mediofactoring, Italy’s largest factoring company, has changed its name to Intesa Mediofactoring spa.