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Banca Transilvania’s net profit soared 32% in 2008

Banca Transilvania, parent company of Compania de Factoring - Romania s largest factoring company, is expected to announce a 32 percent year-on-year increase in profits (more…)

#bank#banks#financial institutions

Credit insurance shortage pushing SMEs to the brink

Tighter restrictions on credit insurance and insurers refusal to provide non-payment cover means SMEs 'will fall like dominoes', financial experts…

#insolvency#insurance#smes


Coface keeps Bulgaria on Negative Watch and affirms ratings...

Coface decides to keep Bulgaria on Negative Watch. (more…)

#crisis#economy#insurance


China's export credit insurance claims soar

China Export Credit Insurance Corporation received a total of 936 export credit insurance claims in the first half of 2008, up…

#crisis#export credit insurance#insurance


Peter Ingenlath named Chief Risk Officer of Atradius N.V.

Atradius today announced the appointment of Peter Ingenlath, Vice Chairman of the Management Board of the company, as Chief Risk…

#Atradius#credit protection#insurance


Credit insurers fear for their profitability decline

Grupo Catalana Occidente SA, a Spanish insurer, said the profitability of its credit insurance business is threatened as an economic…

#Atradius#Clear#insurance


Insurer buys stake in factoring firm

Migdal Insurance has announced the acquisition of a stake in factoring firm Peninsula Financial Ltd. (more…)

#acquisition#insurance#investment


Atradius Credit Insurance appoint new general manager

Global credit insurance company Atradius Credit Insurance announced today that they have appointed a new general manager for the Czech Republic. (more…)

#Atradius#insurance


Three-quarters of companies record payment problems

According to a payment discipline survey, conducted by the Atradius insurance company, three-quarters of companies have experienced problems with receiving…

#Atradius#insurance#poland


Atradius Management Board appoints chief marketing officer

Atradius has announced the appointment of Peter Schmidt to the position of Chief Market Officer. (more…)

#Atradius#credit protection#insurance


BLUE Financial Services to develop ABL and SME product...

BLUE Financial Services, the newly launched credit service provider, has announced that it plans to develop an ABL and SME…

#financial services#insurance#interest


Facilitation centre for SMEs set up

The Union of Small and Medium Enterprises (UNISAME) has set up SME Business Facilitation Centre (SMEBFC) to facilitate the SMEs…

#banks#insurance#leasing

Coface ratings affirmed with stable outlook

Fitch Ratings affirmed its ratings on the major insurance entities of the Coface group with a stable outlook. (more…)

#bank#insurance#Natixis

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