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British SMEs reported to be owed GBP500bn

Members of the UK200Group of independent accountancy and law firms have commented on news that British SMEs are owed more than GBP500bn in outstanding invoices; an increase of more than 70 per cent in two years (more…)

#bank#Lloyds Bank#Lloyds Bank Commercial Banking

Bibby Financial Services joins Alternative Business Funding platform

Bibby Financial Services (BFS), has joined alternativebusinessfunding.co.uk (ABF) – a service for SMEs searching for finance (more…)

#bank#financial services#platforms


Bank of Tokyo Mitsubishi adds to Asia team

The Bank of Tokyo Mitsubishi UFJ (BTMU), whose products include accounts receivable purchases programs, asset-based lending and supply chain finance,…

#bank#Credit Suisse#management


Emirates Islamic supporting SME financing in UAE

Emirates Islamic has announced signing a strategic MoU with Dubai SME (more…)

#bank#GDP#SME financing


EUR60m in SME funding made available through BOV

Around EUR60m in cheap financing for SMEs has been made available through the launch of an EU-led initiative. (more…)

#bank#European Commission#interest rates


Bibby names international CEO

Bibby Financial Services has appointed Steven Box as international chief executive officer (more…)

#bank#financial services#international


Isbank goes live with Surecomp’s DOKA 5

Surecomp, the global provider of trade finance solutions for banks and corporations, has announced that Isbank AG, the European arm…

#bank#Isbank#management


GSCF signs receivables agreement with MUFG

Global Supply Chain Finance Ltd. (GSCF) has become an approved vendor of services by The Bank of Tokyo-Mitsubishi UFJ, New…

#Alternative Distribution Financing#bank#MUFG


FCI and IFG merger – the sky’s the limit

Following the merger between Factors Chain International (FCI) and International Factors Group (IFG), trfnews met with Peter Mulroy - FCI’s…

#bank#EU Federation#invoice


Swedish factoring market reports decreased factoring turnover

Thorsten Metzner, Managing Director of Fintura Management and Svenskfactoring, discusses the limited growth in the Swedish factoring market for 2014,…

#assignment#bank#invoice


Wells Fargo Capital Finance announces two new hires

Wells Fargo Capital Finance, part of Wells Fargo & Company, has announced two new regional managers in its Commercial Services…

#bank#CIT#management


Russian Bank FC Opening partners with electronic factoring company...

The provider of electronic document management E-COM and Russian Bank FC Opening have signed an agreement to provide factoring financing…

#bank#e-invoices#electronic factoring

Coface announces new CEO

The Board of Directors of Coface has appointed Xavier Durand to the position of Chief Executive Officer (more…)

#bank#i#insurance

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