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receivables

Credit insurer and factor back to profitability

Atradius, the credit insurance and credit management firm, with an estimated 25 per cent world market share, has reported a Ђ17.5m profit after tax for 2003 – compared to a Ђ75.1m loss after tax in 2002. The turnaround was achieved...

#Atradius#management#receivables

Dishman closes receivables-backed securitisation programme

Dishman Pharmaceuticals and Chemicals on June 22, 2004, announced closure of its estimated $22 million debt issue programme. This issue…

#debt facility#funding#receivables


Top 10 factors assets total Ps 10,446

Following the 1994-95 peso crisis, factoring firms (empresas de factoraje financiero) struggled to restructure their own debt and faced portfolios…

#banks#crisis#non-recourse factoring


Carma Financial Services Corporation acquires debt recovery firm

Carma Financial Services Corporation (CFS), a provider of business-to-business accounts receivable management services, has announced that it has entered into…

#acquisition#financial services#management


Credit insurance market under performing

Chile's first quarter credit insurance sales reached 928.5m pesos (US$1.4m), an 18.2% increase over the 785.6m pesos posted in the…

#insurance#management#receivables


Credit insurer Euler Hermes' outlook revised

Standard & Poor's Ratings Service has revised Euler Hermes’ outlook on the core operating entities of the Euler Hermes Group…

#guarantees#insolvencies#insurance


Coface unit forecasts 30 per cent increase in profits

The Chilean unit of French commercial insurer Coface expects profits to grow 30 per cent this year, company executive Louis…

#bank#conference#management


SIDBI focusing on direct finance for SSIs and SMEs

The creation of an exclusive fund for small- and medium-sized enterprises (SMEs) and the outsourcing opportunities available to small-scale industry…

#bank#interest rate#receivables


CIT Group results 2003 show strong factoring and leasing...

CIT Group Inc. today reported net income of US$189.3 million for the quarter ended March 31, 2004. The results for…

#CIT#commercial finance#i


DBP sets up e-market for SMEs’ receivables

The state-controlled Development Bank of the Philippines (DBP) will launch a new marketplace this month for receivables of small- and…

#bank#banks#IBM


Coface acquires 100% of ORT SAS and its subsidiaries

Coface, a Natexis Banques Populaires subsidiary, today announced the acquisition of 100% ownership of the ORT SAS Company and its…

#acquisition#management#receivables


IMEX and IBSnet awarded 2004 SWIFTReady Gold label

Surecomp, a leading provider of trade finance solutions for the wholesale banking industry has been awarded the 2004 SWIFTReady Gold…

#conference#international#receivables

GMAC CF in working capital and term loan funding...

Carbo plc, the Manchester-based industrial abrasives manufacturer and distributor, announced today that it has successfully concluded an agreement with GMAC…

#commercial finance#funding#invoice

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