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EFG Hermes Holding announced a strong first-quarter performance in 2022, with revenues increasing by 55% year-on-year (y-o-y) to EGP 1.9bn. The group's net profit after tax and minority interest increased 18% year on year to EGP345m, owing to strong performance across all lines of business.
26/05/2022
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The Board of Directors of Clessidra Factoring recently approved the financial report for the first quarter 2022. Based on this report, the turnover of the company increased more than three times (growth exceeded 220%) in comparison to the same period of 2021.
26/05/2022
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Pulse Cashflow Finance, the specialist provider of invoice finance to UK businesses has announced the appointment of Siouxsie Ashmore (pictured) as Operations Manager. The appointment comes as the firm continues to build its client portfolio supporting the increasing demand amongst SMEs for invoice finance solutions.
26/05/2022
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According to new research conducted by Time Finance, 92% of business owners believe that a relationship driven approach is the most important quality in an invoice finance provider.
26/05/2022
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The Russian invasion of Ukraine has put a spotlight on Europe’s uncomfortable dependencies. Securing access to important commodities is key to economic resilience, as well as digital and sustainable transformation – and this requires rethinking sourcing strategies.
25/05/2022
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FIATA, the International Federation of Freight Forwarders Associations, launches paperless forwarder’s bills of lading (FBL) solution, allowing freight-forwarders to issue secured paperless FBL through their everyday TMS and alternative software tools.
25/05/2022
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Wintrust Receivables Finance (WRF) signs a new US$4m account receivable facility for a US transportation broker.
25/05/2022
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I have recently written and published a series of articles on how to foster and promote creativity in our global factoring firms successful in these very challenging and troubled times of record inflation, unprovoked warfare and economic turmoil.
24/05/2022
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The UAE is the world’s 30th largest economy, and enjoys strong financial reserves, a large sovereign wealth fund, and a progressive policy of economic diversification. Maham S. Siddique, Head of Global Marketing, Tradewind Middle East Limited, explain further in the regional article included in the World Factoring Yearbook 2021.
24/05/2022
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Joon Kim (JK), Global Head of Trade Finance, Working Capital & Portfolio Management, BNY Mellon Treasury Services talks to TRF News about the trade finance expectations for 2022.
24/05/2022
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