May

Demica: Invoice financing finds its place 04 May 2012

New research from Demica reveals that the European invoice finance market is now worth over Eu1 trillion.

GE Capital finances UK tile company 04 May 2012

GE Capital brings funding and development security to Ceramic Prints with finance package to support one of UK’s largest tile companies.

April

Chinese factoring firms dominate FCI’s 2011 ranking 27 April 2012

China is now the largest factoring market overtaking the UK for the first time, according to statistics by Factors Chain International, with top institutions taking over 10% of market share.

China overtakes UK as largest factoring market 11 April 2012

China is now the largest factoring market overtaking the UK for the first time, according to statistics by Factors Chain International.

HSBC creates new European receivables role 10 April 2012

HSBC picks Box to the newly-created role of head of trade and receivables finance, Europe.

March

Capital Business Credit expands in Midwest US 23 March 2012

Capital Business Credit hires Steven Fields to lead business development efforts in Midwest.

First Finance Company launches Swaziland’s first factoring scheme 07 March 2012

First Finance Company, a subsidiary of The Swaziland Development Finance Corporation (FINCORP), has begun to offer non-recourse factoring.

February

HSBC report tracks UK trade growth to 2026 27 February 2012

Despite a contraction over the next five years UK trade is set to increase by 59.01% by 2026, according to a report by HSBC.

HSBC launches UK SME export fund 21 February 2012

HSBC has launched a new fund aimed at assisting small and medium sized enterprises to trade internationally.

ABC posts 43% profit increase 16 February 2012

Arab Banking Corporation (ABC) has revealed that it made a $204 million profit in 2011, a rise of 43% compared to 2010.

CA-CIB forfaiting head retires 02 February 2012

The global head of forfaiting at CA-CIB has retired and is being replaced by his deputy and a director for export finance Asia.

January

HSBC promises billions for UK trade finance 26 January 2012

HSBC has announced plans to offer billions of trade finance for UK business.

Santander UK joins FCI 25 January 2012

Santander UK and Moldov’s Banca Comerciala Româna Chisinau have joined Factor Chain International (FCI).

FCI reports 20% cross border factoring increase 24 January 2012

Factors Chain International, the network of factoring companies, has reported a 20% increase in its two-factor cross border business in 2011.

FIMBank holds factoring strategy meeting 20 January 2012

Malta-based trade finance specialist FIMBank brought together the CEOs of all of its international factoring joint ventures to discuss strategy and growth.

ABC International appoints new management team 09 January 2012

Arab Banking Corporation has announced changes to the top management team at its key European subsidiary, ABC International Bank London.