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“Factoring in Romania is still at an early stage: the beginnings go back only to 1995 when one of the important Romanian banks started offering ‘two factors business’ targeted at Romanian exporters…” To read this article by Georgeta Luta, Department...
Nikoil Financial Corporation president Nikolai Tsvetkov said IBG Nikoil turnover on factoring operations topped $380 million last year. He added…
The global shift in traditional trade finance methods to a global financial supply chain (FSC) based on open source account…
#bank#international#International Trade
Federal prosecutors say that a woman was arrested on Friday on a 15-count indictment alleging she sold fake invoices to…
#factoring fraud#fake invoices
Profits at Mexico's fourth-largest banking group Grupo Financiero Banorte (GF Banorte) widened year-on-year 5.7% to 559m pesos (US$49m) in the…
After a wave of consolidation, only three major sources provide private export credit insurance cover in Germany… To read a…
#export credit insurance#exporters#trade
The factoring industry is neither registered nor regulated in Thailand. Nevertheless, the industry has been flourishing for at least a…
#bank#exporters#interest rates
Accord Financial Corp., a leading North American provider of asset-based financial services to businesses, including factoring, financing, credit investigation and…
#Accord Financial#Accord Financial Corp#financial services
Compagnie Gйnйrale d’Affacturage (CGA), the wholly-owned factoring subsidiary of Sociйtй Gйnйrale has become the first factoring company in France to…
#debt collection#international#invoice
The stabilisation of the economy and decreasing interest rates in 2000 and 2001 led to growth in the factoring industry,…
#bank#banks#factoring industry
In South Korea, factoring arrangements are essentially corporate credit facilities based on trade bills, accounts receivable and consumer credits. International…
#bank#exporters#international
CIT Group Inc. today reported net income of US$189.3 million for the quarter ended March 31, 2004. The results for…
#CIT#commercial finance#i
Allgemeine Kredit Coface Finanz (AKCF), the German subsidiary of French financial group Coface, is anticipating further growth in its business…