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factoring

Bank plans to expand network and open factoring operation

HVB Bank Hungary will expand its network to 100 branches at a cost of HUF10bn (Ђ39.5m), CEO Matthias Kunsch announced on Wednesday. The bank currently operates 35 branches in Hungary. The bank also plans to set up a factoring company....

Factoring executive gets four-year sentence for fraud

An executive of National Century Financial Enterprises Inc. will spend four years in jail for her role in the alleged…


Factoring bank issues convertible bond

Italian factoring bank Banca IFIS is to launch a convertible bond issue of up to Ђ50m. The issue price of…

#Banca IFIS#bank#Italian factoring


DBP pioneering factoring programme get SBL exemption

Bangko Sentral ng Pilipinas (BSP) governor Rafael Buenaventura announced that the policy-making Monetary Board has approved a request from state-owned…


Finance ministry decree on application of VAT to factoring...

By Andrew Miles of Pricewaterhouse Coopers, Frankfurt The ministry of finance has issued a decree to the effect that factoring…

#debt collection#risk#security


Eurofactor steps in to save injection moulding firms after...

Around 100 jobs have been saved at a Midland plastic injection moulded component maker after Birmingham-based Eurofactor stepped in with…


Competition in the factoring market intensifies

The chairman of the board of Nordea Finance Latvia, Maris Skujins, predicts that the factoring portfolio in Latvia could reach…

#exporters#interest#interest rates


Executive indicted after four-year factoring fraud investigation

A million-dollar executive has been indicted with five others by federal grand jurors in connection with businesses that collapsed amid…


Factoring fraud at Parmalat under investigation

The Bologna public prosecutor's office last week began an investigation into the possibility of factoring fraud at the failed Italian…

#factoring fraud#financial services#Italian factoring


Factoring industry profits plunge on higher costs

Profits at Mexico's 16 factoring companies fell 21.5% to 157m pesos (US$13.5m) in 2003 due, in part, to higher administrative…


Banco Espirito Santo sues over US$170 million factoring fraud

Banco Espirito Santo International Ltd (BES) sued accounting firm BDO Seidman on Tuesday, alleging it "rubber-stamped ... obviously false financial…

#bank#factoring fraud#international


Stand-alone factoring a thing of the past – GECF...

It’s a fact. The factoring industry here in Singapore is seeing fewer and larger players as the market for financing…

#bank#commercial finance#financial services

Merger on hold for Credit Agricole’s factoring unit

The factoring divisions of French banking groups, Credit Agricole and Credit Lyonnais, have made considerably less progress in merging than…

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