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SAFE

Eurofaktor aims to double profit in 2004; seeks a...

Eurofaktor, a factoring company, is planning to purchase invoices worth over ZL1bn and to make a ZL6m profit in 2004. According to preliminary data, in 2003 the company made approximately ZL3m in net profit. The company purchased invoices worth ZL550m,...

#SAFE#WHO

Reserve Bank of India ‘plays safe’ and leaves interest...

India's central bank, the Reserve Bank of India (RBI), has left interest rates unchanged at 6%, but raised its forecast…

#bank#banks#Boost


Merchant Commercial Finance Records 40% Turnover Increase

The London-based trade finance company, Merchant Commercial Finance, has recorded a 39.7% increase in turnover in the year ended 28…

#commercial finance#export finance#financial services


eCredit Offers Fully Automated Payment Method in B2B Web...

eCredit, a finance company which provides traditional finance products adapted for e-commerce, has a new on line invoice factoring service…

#e-commerce#invoice#management

MetroCorp BancsharesInc. Records a $5.3m Factoring Receivable Charge-Off

MetroCorp Bancshares Inc. announced that Advantage Finance Corporation, the factoring subsidiary of MetroBank N.A., has reportedly been the victim of…

#3M#bank#interest rates

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