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Local financial services companies are set to establish a “joint debt collection firm” in the near future, in a bid to further reduce the number of credit defaulters (both individuals and companies), according to the Ministry of Finance and Economy...
#bank#debt collection#financial services
According to "Business Line", even as it is being buffeted by internal turmoil, Reliance Infocomm (RIC) announced the closure of…
Small businesses in the UK are losing a staggering Ј6.5 billion every year due to unpaid invoices, according to new…
#commercial finance#credit protection#invoice
Asset based financier, Venture Finance, has scooped the TFG best debt provider award. The TFG awards are held annually and…
#awards
A Reserve Bank of India (RBI) panel constituted to evolve a debt restructuring system for small-and medium-sized enterprises (SMEs), has…
S Kumars Nationwide Ltd (SKNL) is planning to repay its rupee debt by raising US$150m (close to Rs 700 crore…
#bank#cash-flow#guarantee
At the extraordinary general meeting on 28 September 2004, the shareholders of Oman Orix Leasing approved the proposal of the…
#leasing
Small businesses that want to be paid on time would do well to do business with firms in Northern Ireland,…
Atradius has announced the expansion of its worldwide collection activities through the acquisition in the US of Chicago-based International Collections…
The risk of bad debt is an inevitable fact of business life; however, the impact of a major irrecoverable loss,…
#Atradius#insolvency#invoice
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
The Small Debt Resolution Scheme set up by Bank Negara Malaysia has received 102 applications from small- and medium-sized enterprises…
#bank#guarantee#interest rates
Domestic banks say they are individually evaluating the credit conditions of small- and medium-sized enterprises (SMEs) with outstanding loans from…
#bank#banks#credit risk