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factoring

Promsvyazbank to provide international factoring and trade financing

Bank of China has opened a US$30 m credit line for Promsvyazbank to finance foreign trade operations by clients trading with China.  Bank of China has signed its first ever deal with a Russian bank, which (more…)

Factoring Ceskй sporitelny revenues up a third in 2006

Last year, Factoring Ceské sporitelny crossed the CZK 30 bn threshold, in revenue from receivables, and defended its position as…


Dresdner Factoring AG: Annual report for 2006 published

The Group's earnings performance in the first quarter of 2007 is different for its two operating companies: TEWEFA Factoring GmbH…

#liquidity#management#receivables


Cyprus 2006-2007 – EMU entry positive for factoring

The entrance of Cyprus into the European Monetary Union (EMU) by 1 January 2008 will probably have a positive impact…

#bank#financial services#interest rates


Platinum Funding Group completes USD80-million factoring deal in 48...

Platinum Funding Group announced the completion of a two-year, $80-Million factoring facility with Hawk One Security, Inc. The Washington, DC-based…


RBI norms on factoring in the offing

The Reserve Bank of India (RBI) is planning to create a regulatory framework to monitor factoring business in the country.…

#bank#financial services#international


GTF to take factoring to semi-urban centres

Global Trade Finance (GTF), the non-banking finance company set up to provide factoring services, whose Indian offices to date have…


EU accession means factoring on the rise

According to the Slovak Factoring Association (ASF) 64 per cent of factoring companies clients are SMEs. EU accession, which is driving…


New Player Arrives on Slovakian Factoring Market

A new factoring company has recently entered Slovakia's factoring market. Cash Reform Factoring, is a 100 percent subsidiary of the…


Euler Hermes factoring and credit insurance revenue up 22...

Euler Hermes' credit insurance and factoring units in Hungary had combined revenue of HUF 2.8bn in 2006, 21.7 per cent…


SET suspends trading in Siam General Factoring stocks

The Stock Exchange of Thailand (SET) suspended trading in Siam General Factoring pending a decision on whether the firm's financial status…


Factoring could be 50pc of Coface unit earnings in...

The Chilean unit of French credit insurer Coface expects its recently launched international factoring business to represent 50% of its…

#export credit insurance#exporters#international

Factoring a growing source of finance for SMEs

If they are denied a bank loan or if such a loan is too expensive, factoring in many cases is…

#bank#bank loan#BFM

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