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CSOB Slovak branch nets SKK 540m in 9M

The Slovak branch of the Czech bank CSOB raised its net profit to SKK 539.35m in Jan-Sept 2004 from CZK 60m a year earlier, the bank announced. The CSOB group in Slovakia is made up of the bank, a building...

#bank#banks#insurance

Grupo Security to increase capital

Chilean financial group Grupo Security will make a capital increase of between US$50m-60m on 11 November this year, local press…

#insurance#security


Credit insurance – the industry discusses how to tap...

So far, credit insurance has primarily been the domain of specialist brokers that have a good understanding of the products.…

#insurance


Companies use increasingly efficient financial tools.

More and more Lithuanian firms use insurance of goods and currency fluctuation risks as a safeguard against possible losses while…

#bankruptcy#banks#insurance


New regional business manager at Bibby Factors Northeast

Bibby Factors Northeast, a specialist provider of business cash flow solutions, is pleased to announce the appointment of Paul Brown…

#bank#cash-flow#financial services


Factoring business helps boost Coface’s H1 revenues

Coface, the credit insurer, has reported a 4.9 per cent increase in consolidated revenue for the first half of 2004,…

#Boost#guarantees#insurance


Experian acquires HK-China info house

Experian, the global information company, has bought Smartal Solutions, a business intelligence company based in Hong Kong and China. The…

#acquisition#emerging markets#financial services


Euler Hermes raises stake in credit insurer

Euler Hermes, the French credit insurance company, confirmed on Friday that it has increased its stake in the Portuguese credit…

#Allianz#bank#insurance


Euler Hermes acquires majority stake in Moroccan insurer

Euler Hermes, the French credit insurance firm, has become the majority shareholder of Acmar, Morocco's largest operator in the sector,…

#insurance


Coface UK warns steel industry of looming credit risk

A warning of trade traps erupting from the surge in steel prices has come from Coface UK, a subsidiary of…

#credit risk#insurance#international


China’s EXIC steps in with US$29m credit insurance for...

China’s Export-Credit Insurance Corporation (EXIC) will provide US$29m in credit insurance, which will cover the financing of a soda plant…

#3M#insurance#investment


Bank of Maharashtra eyes factoring business

The Bank of Maharashtra is set to enter the factoring and forfeiting segment, which is a new concept in India,…

#bank#insurance#international

Coface to cover Ђ100m French-Russian credit line

Coface, the credit insurer, has said it will insure a Ђ100m credit line for the financing of French exports to…

#bank#exports#guarantee

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