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Euler Hermes’ consolidated turnover amounted to Ђ1,864.2 million in 2003, up 21.4% * on 2002 published turnover, or up 1.9% on pro forma 2002 figures after adjusting for acquisitions/disposals and movements in exchange rates. The credit insurance business posted 3.2%...
Karan Bilimoria, the founder of Cobra Beer, is a cheerleader for factoring, which he says is ideal for an ambitious…
#bank#commercial finance#debt collection
HSBC was an official sponsor of the recent Middle East and North Africa (MENA) Trade and Export Finance Forum held…
The credit insurance industry can expect pressure to show greater flexibility, according to Jerome Cazes, group managing director for French…
Chinese financial authorities granted licences to four foreign banks on Friday, allowing them to carry out transactions in yuan directly…
#bank#banks
Factoring slumped 20% to a volume of US$115bn in the US in 2002 compared to the previous twelve months, according…
Chile's factoring industry would only become subject to official state regulation if the companies concerned were to begin to handle…
#bank#factoring industry#factoring regulation
BZ WBK Faktor, owned by BZ WBK bank and Bibby Factors, the Polish unit of the UK’s Bibby group, will…
Banco de Chile has posted net income of 130bn pesos (US$220m) for last year, up 146% compared to 2002 on…
#bank
About 25 providers in Australia offer cash-flow finance, in the form of both invoice discounting and factoring, where the factor…
Last year, Key Bank and Trust changed its name to K Bank, after a lengthy lawsuit over the Key name…
#bank#Trust
Mexico's 16 factoring companies reported consolidated net income of 153m pesos (US$14m) during the third quarter of 2003, up 30%…
Turnover in Poland's budding factoring market grew almost 18% to Zloty 12bn in 2003, said officials at the industry's Factoring…
#bank#conference#exports