Russia

Eurokommerz have announced that Tim Nicolle has joined the company as the company's First Deputy CEO

Eurokommerz has announced an increase in the amount of it's debut syndicated ruble loan.

Due to significant growth of factoring market and steady development of factoring services, the specialists of the Forbis Company will soon offer the Russian market a new version of FORPOST*Factoring 2.0.

Coface joins forces with NFC, the Russian lead player in factoring. Coface, a subsidiary of Natixis, the French banking group, is extending its factoring network by joining forces with a leader in the Russian market: National Factoring Company (NFC), a banking institution.

Eurokommerz announced today that it has obtained a syndicated loan in rubles. The minimum volume of the loan is set in the amount of RUB 2.3bn (EUR 62.3m).

Factoring Companies Association (FCA), Russia`s only organization that unites the biggest participants in the factoring market, announces the appointment of Olga Gritsai to the post of President effective July 1, 2008.

Eurokommerz announces that Nikolay Surikov joins the company as its CFO.

Eurokommerz, leader of the Russian commercial finance market, announces its entry into the Commercial Finance Association (CFA).

Russian factoring and finance group Horizon is to launch a new brand to appeal to financial institutions in both Russia and the UK.

Eurokommerz has announced the formation of iCapital Markets and Financial Institutions Department (CMFI).