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Muscat Finance posts RO1.83m profit

Muscat Finance Co. Ltd, the pioneer in debt factoring, leasing and hire purchase services in the Sultanate, has reported a modest growth in profit before tax at (more…)

#leasing#Paid#smes

SANYO instructs credit insurance claim after buyer goes bust

SANYO, the consumer and commercial electrical products maker, has had a credit insurance claim settled after the unexpected collapse of…

#insurance#Paid#trade


Regulator approves Coface unit USD1m capital increase

Chile's securities and insurance regulator SVS has approved a capital increase by the local subsidiary of French credit insurer Coface, according…

#insurance#Paid


AIM-listed Davenham celebrates first-year rise in profit

Davenham, the expanding finance group posted record results as it celebrated a year as a listed company. The Manchester business,…

#bad debts#bank#funding


Less than one tenth of invoices paid within 30...

Late payments are causing major problems for firms, imposing unnecessary administrative burdens and in some instances leading to insolvency, according…

#cash-flow#insolvency#invoice


NFC Bank plans to issue credit-linked notes worth RUB...

The Bank National Factoring Company LLC (NFC) is planning to issue ruble-denominated credit linked notes (CLNs) worth RUB 2bn before…

#Alfa-Bank#bank#banks


Cross-border factoring eased by capital tax change

Canada's factoring industry has received a much-needed fillip as a result of the abolition of withholding tax on capital gains…

#factoring industry#Paid#receivables


Lloyds TSB CF claims factoring refund first

Lloyds TSB commercial finance is claiming a first for the UK factoring industry by offering new customers a full refund…

#bank#commercial finance#invoice


Four out of five companies have successfully issued a...

A survey among UK companies by the Better Payment Practice Group (BPPG) has found that four out of five have…

#guarantee#management#Paid


New online service helps businesses name and shame late...

Businesses frustrated by cash flow problems caused by slow paying debtors need not despair. Help is at hand with an…

#bankruptcy#cash-flow#debt collection


Fortis realises 45% increase in 2005 net profit before...

Fortis has, in the interest of transparency, decided to bring forward headline information (more…)

#financial institutions#financial services#insurance


Factoring first as Bibby snaps up UK broker

The acquisition by Bibby Financial Services of domestic broker Factoring UK is a first of its kind for the industry,…

#acquisition#financial services#interest

RBS and Euro Sales Finance funds Hudderfield engineering firm’s...

Bosses at a Huddersfield engineering firm have completed a buy-out of the company. The purchase was paid for by Royal…

#bank#invoice#management

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