Spain

Spanish fishing giant is being investigated by the police.

Pescanova, a multinational fishing company, has been refused financing by foreign banks, due to irregularities with invoicing and accounting.

Spanish government rushes to clean up payments chaos before summer meeting in Brussels.

Stainless steel manufacturer signs EUR370 million syndicated factoring deal.

AEF published its annual figures for 2012 The Spanish Factoring Association (AEF), presented last week the results of its members for 2012: with total receivables finance turnover of EUR124 billion the market remained almost flat (+0.49pc year-on-year). Factoring contracted by almost 2.58pc year-on-year, with the volume of advances failing to exceed EUR62.7 billion. Domestic factoring volume went down by 2.42pc (EUR50.1 billion), while international fell by 3.2pc (EUR12.62 billion).

The European Investment Bank (EIB) and the Spanish commercial bank Bankinter signed SME and midcap financing agreement. EUR 200 million will be allocated to finance innovation projects.

Caixa Leasing and Factoring have increased efficiency with a Process Intelligence solution from Software AG.

Josep Sellés, Managing Director Eurofactor Hispania S.A. provides a review of the Spanish factoring market, covering industry environment, market performance, supply and future trends.

The president of the Federation of Agricultural Cooperatives in the Region of Murcia (FECOAM), Santiago Martinez Gabaldon, and territorial executive director of La Caixa in Levante and Murcia, Bibiano Martinez on Thursday signed a collaboration agreement that will allow cooperatives, members of FECOAM, to access the Bank's products at the preferential terms.

Basque SMEs and freelancers to receive EUR666 million of loans