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factoring

Finexia merges with Xbridge to create the UK’s largest...

Xbridge and Finexia have announced the merger of their online financing businesses. Together the two companies will create the leading player in online commercial finance and associated services. The combined entity will be the UK's largest source of online factoring...

#acquisition#business finance#commercial finance

Factoring sector reports US$9m profits for Q2, up over...

Mexico's 16 factoring companies reported consolidated net income of 101 million pesos (US$9.03m) during the second quarter 2003, up 28.7%…


Lбnchнd Factoring Programme launched by Ministry of Economic Affairs...

The Lбnchнd (meaning chain bridge) Factoring Programme, a new subsidy scheme created by the Ministry of Economic Affairs and Transport,…

#banks#BCR Publishing#i


Factoring to attract VAT in amendments to Act

A VAT Act amendment has passed into law that will increase VAT rates for selected services as of 1 January…

#debt collection#financial services#receivables


Japan's megabanks to begin factoring Chinese receivables

In December, Mizuho Corporate Bank, a unit of Mizuho Financial Group Inc, will begin buying Chinese receivables from Japanese companies…

#bank#banks#receivables


SGDB sells its share in VUB Factoring for a...

The Slovak Guarantee and Development Bank (SGDB) is selling its 1.3 % share in VUB Factoring Inc. to VUB Bank…

#bank#guarantee


CIT Commercial Services acquires US factoring assets from GE...

CIT Group Inc. announced today that its Commercial Services business unit has acquired a substantial portion of the U.S. factoring…


Bank-owned factoring subsidiary integrates with parent

Century Business Credit Corporation, one of the largest bank-owned factoring companies in the world, has changed its name to Wells…


Paolo Medic bid for stake in Siam General Factoring

According to Chanin Yensudchai, managing director of Paolo Medic, operator of the Paolo Memorial Hospital, unlisted Paolo Medic is about…


Firm folds under factoring agreement when ES Bankest forced...

What started as a helping hand has strangled a struggling local tech firm. Chantilly-based Stratesec abruptly shut its doors because…

#bank#cash-flow#international


SMEs turn to factoring as ATO cracks down and...

With insolvencies on the rise due to the Australian Taxation Office’s (ATO’s) toughened approach on debt collection, more businesses are…

#debt collection#financial services#insolvencies


Factoring and leasing company chairman resigns

Mart Tooming, chairman of the board of Hansa Capital and member of the board of Hansabank (Other OTC:HNSBF), has presented…

Banchile Factoring forecasts 165% jump in loans

Chile's Banchile Factoring Internacional, part of the Banco de Chile group, expects to hold a loan portfolio of 80bn pesos…

#bank#smes

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