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Chile's Banco del Desarrollo announced that it has purchased a 70% stake in factoring company Bandesarrollo Factoring for an undisclosed sum. The purchase transforms Bandesarrollo Factoring into a subsidiary of the Chilean bank. Desarrollo's venture into the local factoring market...
French credit insurer Euler Hermes saw its 2003 net profit increase by 88 per cent to Ђ146.1m, although sales only…
The president of MX Factors, the Riverside-based firm accused of operating a Ponzi scheme, is seeking to overturn the court…
A newly named star appears in the night sky with the name ‘Factoring’, according to Mikhail Treyvish, chairman of the…
#factoring industry
Intesa Mediofactoring, a unit of Banca Intesa SpA has announced its full year net profit, which rose 27.1% to Ђ28.2…
by Peter Sinnett, In-house Counsel, Bermans, Lawyers Bermans was recently involved in a difficult and unusual High Court application for…
#assignment#bank#insolvency
The factoring and leasing portfolio of the members of the Latvian Lessors’ association grew 16.6 per cent, to LVL332 million…
#banks#leasing#Nordea
Accord Financial Corp., a leading North American provider of asset-based financial services to businesses, including factoring, financing, credit investigation and…
Prototype will be featured at BCR’s European Factoring Conference, Rome, 17-19 March JMH Demica today announced the launch of Citadel…
Siam City Bank has sold a 48.16 per cent stake (8,668,800 shares) held in Siam City Factoring at 0.35 bt…
#3M#bank
Export Credit Guarantee Corporation of India Ltd (ECGC), now beefed up with a higher equity base, has identified factoring services…
#bank#exporters#exports
ABS Global Factoring, the German factoring company, says that it is considering a flotation on the stock market. The company…
#global factoring#interest
Asociacion Espanola de factoring (AEF), the Spanish factoring association, has released figures for 2003 showing a factored total of Ђ37.49…
#AEF#BBVA#Caixa