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Factoring companies foresee growth in 2003

The 11 factoring companies belonging to Mexican factoring association AMEFAC expect that their monthly credit operations in 2003 will exceed the 3.98bn pesos (US$380mn) loaned the previous year, AMEFAC chairman Guillermo Lagos Espinosa said yesterday. Factoring companies have been helped...

#factoring industry#Two

KPMG suits reach NOK 1.35 billion (USD193million) in aftermath...

Nordlandsbanken has joined the queue of institutions suing accounting giant KPMG for losses suffered in connection with the Finance Credit…

#bank#insurance#receivables


Bharat Overseas Bank pares rates on SSI credit

Bharat Overseas Bank Ltd has lowered interest rates on credit to agriculture and small-scale sectors (SSIs). "The revised interest rates…

#bank#interest#interest rates


Small business credit scoring service launched

Kreditinform has, with Experian Scorex, introduced a new credit-scoring system for small- and medium-sizes enterprises (SMEs) to be known as…

#credit scoring#risk#small business


International Institute for Management Development publishes the World Competitiveness...

The World Competitiveness Yearbook (WCY) is a comprehensive annual report on the competitiveness of nations compiled by the Swiss-based International…

#international#management#Two


The Institute of Chartered Accountants cracks the whip on...

The biggest UK regulator of insolvency practitioners (IPs) has stepped up its enforcement against abuses with more and heavier penalties…

#insolvency#regulation#trade


The president of the Association of Business Recovery Professionals...

John Verrill, the president of the Association of Business Recovery Professionals(R3), the body representing insolvency practitioners and company doctors, slammed…

#banks#insolvency#Paid


Bank sues KPMG over Finance Credit fraud scandal

A small bank in Norway is suing accounting giant KPMG after losing NOK 125 million on the bankruptcy of factor…

#bank#bankruptcy#banks


Singer & Friedlander to end factoring services in about...

A spokesperson from Singer & Friedlander Factors Limited today told BCR that the company is to close in the next…

#Two


Grant Thornton’s analysis of latest corporate profitability statistics

Corporate profitability in the UK has shown no significant improvement in Q4 2002. The year's performance ranked as the worst…

#economy#insolvencies#insolvency


Experian reports fall in failures in first quarter of...

The number of businesses failing in the Q1 2003 decreased by almost 3 per cent compared with the first quarter…

#insolvencies#insolvency#risks


Dynamic Commercial Finance plc announce preliminary results 2002 and...

Dynamic Commercial Finance plc, specialising in invoice factoring and invoice discounting, produced a profit before tax for the second half…

#commercial finance#i#invoice

Entrepreneurs look for backing for new Romanian factoring business

Two Romanian businessmen with considerable factoring experience are looking for an investor to help launch a new factoring business in…

#Two

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