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Eurofactor turnover down in first six months

Eurofactor, a strategic division of the Allianz group, suffered a steep fall in commissions received in the first six months to 30 June 2003. The company posted a turnover (commissions received) of Ђ47.3m in the first six months, down 7.8%...

#3M#Allianz#interest

NMB-Heller Business Finance increase profits in 2002

NMB Heller Business Finance’s Consolidated Financial statement for the year ended 31 December 2002, shows the company has enjoyed a…

#3M#business finance


Coface Group consolidated turnover growth reaches 16.4% in 1st...

Coface has released figures for Q1 2003 and analysis by activity and by country. Consolidated turnover has risen by 16.4%…

#3M#acquisition#insurance


Banco del Desarrollo planning to buy factor – talks...

Chilean small business bank, Banco del Desarrollo, plans to buy a factoring agency during the first half of 2003. Acquisition…

#3M#bank#small business


Russia enters Lithuanian banking market

One of Lithuania's largest banks has come under nominal control of a little-known Russian financial institution, leaving industry insiders to…

#3M#bank#banks


Lithuania's Snoras Bank posts sharply increased Ђ3m profit for...

Snoras, Lithuania's fourth-biggest commercial bank, posted an audited net profit of 10.55m litas(Ђ3.057 m)for 2002, compared to 4.51 m litas…

#3M#bank#financial services


Coface results show big drop in income; remedial action...

Coface saw a pattern of business last year opposite to that of 2001, with a second-half better than the first.…

#3M#guarantee#information systems


Freight bill factor files Chapter 7

A Denver transportation company was forced into Chapter 7 bankruptcy liquidation on 14 February according to US Bankruptcy Court filings.…

#3M#bankruptcy#Bill


Baltic’s leading factor posts 43m euros profit in 2002

Hansa Capital Group's net profit totalled 43.8m euros and financial investments reached 1,172m euros in 2002. Hansapank said the group…

#3M#interest#investments


New sectors eligible for Small Firms Loan Guarantee Scheme

Thousands of small businesses will find it easier to obtain bank loans thanks to changes announced in the Pre-Budget Report.…

#3M#bank#guarantee


CIT Group Accused of Running a Factors’ Monopoly

Donald Wiener, who runs the dress chain Dresses For Less, is suing CIT Group and other accomplices, accusing them of…

#3M#banks#CIT


MetroCorp BancsharesInc. Records a $5.3m Factoring Receivable Charge-Off

MetroCorp Bancshares Inc. announced that Advantage Finance Corporation, the factoring subsidiary of MetroBank N.A., has reportedly been the victim of…

#3M#bank#interest rates


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