IFGROUP News

IFG is pleased to announce that registration to the IFG Regional Conference on Factoring in Asia 2012 is now open!

Fri, 03 Feb 2012 01:00:00 +0100

New member of IFG team: Elena Sergeeva Новый член команды IFG: Елена Сергеева

Fri, 03 Feb 2012 01:00:00 +0100

IFG is delighted to welcome the latest member of its team, Elena Sergeeva. Elena has considerable industry experience and will be supporting both IFG and the EUF. IFG рада приветствовать нового члена своей команды - Елену Сергееву. Елена имеет большой опыт работы в области финансов, и она будет заниматьс ... Read more on the website

CFA 6th Annual International Lending Conference - London, UK, 24-26 April 2012

Thu, 02 Feb 2012 01:00:00 +0100

The International Lending Conference will bring together major players in asset-based lending from the U.K., the U.S. and other countries for a comprehensive, 2-day summit on cross-border asset-based lending.
In partnership with ABFA & IFG.Read more.

IFG welcomes latest new Shareholder Member in Brazil: Brasilfactors SA

Wed, 25 Jan 2012 01:00:00 +0100

IFG is delighted to announce its latest new member, Brasilfactors SA, a joint venture business incorporated in in 2011. Part of the FIMBank Group, Brasilfactors is joining IFG with an ambitious vision of becoming a leading first choice provider of receivable finance solutions in Brazil. Its aim in becoming a Member is to gain access to an international business network and to best industry practice.

IFG welcomes new Shareholder Member in Kazakhstan: Kazakhstan Factoring Group LLP

Fri, 20 Jan 2012 01:00:00 +0100

IFG is delighted to welcome its latest new member, Kazakhstan Factoring Group LLP, based in Actau, Kazakhstan. KFG are joining IFG to take advantage of international best practice, to develop their business and to increase trade volumes.

IFG Members can view the Monthly Monitoring Reports of the EUF

Sat, 07 Jan 2012 01:00:00 +0100

A reminder to IFG Members that you can view the EU Federation for the Factoring and Commercial Finance Industry's Monthly Monitoring report here. The EUF is a legal sub-entity of the IFG and its members include the majority of the EU countries' National Trade Associations.

IFG welcomes new Shareholder Member in Iceland: Islandsbanki

Thu, 05 Jan 2012 01:00:00 +0100

IFG is delighted to welcome its latest new Shareholder Member, Islandsbanki, who are based in Reykjavik, Iceland. Islandsbanki is joining the rapidly developing membership base to take advantage of the business, networking and learning opportunities available within IFG.

IFG welcomes new Associated Partner in Australia: Scottish Pacific Benchmark

Tue, 03 Jan 2012 01:00:00 +0100

IFG is delighted to welcome the return of Scottish Pacific Benchmark Group, the Sydney based Australian market leading provider, who are joining to take advantage of IFG's Trade Association activities.

The IFG December 2011 Newsletter is now available to view

Thu, 29 Dec 2011 01:00:00 +0100

The IFG December 2011 Newsletter is now available to view and download here, along with archived recent editions.

Factoring Bill in India is expected to boost factoring activities � information from IFG member Blend Finance

Sat, 24 Dec 2011 01:00:00 +0100

Saurabh Chandra, the Head of Factoring with Member Blend Financial Services advises on an update in the development of the Industry in India:"Lok Sabha, Lower House of Indian parliament on 21st December passed a bill "The Regulation of Factors (Assignment of Receivables) Bill 2011", to regulate the factoring business and help micro, small and medium enterprises in dealing with their liquidity problem. A significant achievement for factoring business and the Bill will give boost to factoring business in India, attracting new players to set shop making the industry competitive. Indian Factoring industry is roughly INR 30,000 crs growing at approx. 10% per annum.

This bill seeks to regulate the business of Factoring by providing mechanism for assignment of receivables of an Industry to a factor and payment of consideration by the factor to the industrial unit. The bill provides that no factor will commence or carry business of factoring without certificate of re ... Read more on the website

New Shareholder member in Lebanon: Levant Factors

Tue, 13 Dec 2011 01:00:00 +0100

IFG is delighted to welcome its latest Shareholder Member (and member of the FIMBank Group) Levant FactorsLevant Factors is a joint-venture between MENAFactors and the Lebanese Credit Insurer. It's main objective is to develop the Factoring business in the Levant area (Lebanon, Jordan, Syria and eventually Iraq). The combination of competencies, contacts and market knowledge brought by both shareholders will also definitely add value to the presence of the Company amongst IFG Members.By joining other FIMBank Group entities in IFG, Levant Factors is aiming at developing international business while also benefiting from the different types of expertise that are brought by the diversity of its members.

News from our Member: Fideicomiso Desarrollo Empresarial (legal branch of Corpei) changed its name to CORPEICAPITAL.

Thu, 08 Dec 2011 01:00:00 +0100

News from our Member: Fideicomiso Desarrollo Empresarial (legal branch of Corpei) changed its name to CORPEICAPITAL.Av. De las Américas # 406 Centro de Convenciones
de Guayaquil Simón Bolívar. Guayaquil, Ecuador
Tel: +593 4 228 7123
Fax: +539 4 229 2910
www.corpeicapital.com.ec

EUF publishes Press Release on first half 2011, showing strong growth in the industry across Europe

Fri, 02 Dec 2011 01:00:00 +0100

The EU Federation for the Factoring and Commercial Finance Industry (EUF), a legal sub-entity of the IFG has distributed a Press Release on the perfomance of the Industry in Europe for the first six months of the year.Independent Chairman John Gielen commentson the growing importance of the Industry as a funding source for SME business in particular. Read the full Press Release here

IFG is proud to announce that registration to the IFG Academy 2012 is now open!

Fri, 25 Nov 2011 01:00:00 +0100

This ground breaking series of 4 education modules, each of which is led by a range of well known Industry experts, will provide attendees with an in depth picture of all aspects of the International factoring and invoice finance industry. It is designed for new middle management and for high potential staff who need to expand their knowledge beyond traditional functional boundaries. Candidates who are successful are awarded The IFG Academy Diploma, an award recognizing both their knowledge and effort throughout the course.The series is bound to be popular and because of its intensive nature will be limited to a maximum of twenty five attendees. For this reason we suggest you register quickly as we do not wish to have to disappoint.
For more information and to register, please see our Academy page.
This year, the modules will take place in different & exciting locations in Europe! Don't miss out... register now!

New Shareholder Member in Mauritius: Commercial Factoring Limited

Wed, 23 Nov 2011 01:00:00 +0100

IFG is delighted to welcome its latest new Shareholder Member, Commercial Factoring Limited, a new business that will be offering services to clients in Africa and India. A recent attendee at IFG's Miami Annual Meeting, Commercial Factoring Limited will be active in developing relationships with existing IFG members to grow its business.

IFA 2012 Conference - 18-21 April 2012

Thu, 17 Nov 2011 01:00:00 +0100

The IFA announces its 2012 conference program which will be held 18-21 April 2012 in Huntington Beach, California. More information on : https://www.factoringconference.com/default.asp

New Shareholder Member in Ukraine: AV Group

Thu, 03 Nov 2011 01:00:00 +0100

IFG is delighted to welcome the AV Group, a privately owned independent factoring company, which participated with three staff members in our recent Regional Conference in Kiev. The AV Group is eager to start international (export) factoring services in the IFG two-factor system and to learn more about best practices in the factoring industry.

IFG welcomes new Partner Member in Ecuador: FDE Corpei

Wed, 02 Nov 2011 01:00:00 +0100

IFG is delighted to welcome new Partner Member Fideicomiso Desarrollo Empresarial (FDE), which is the legal branch for CORPEI in Ecuador. CORPEI was created back in 1997 and FDE started business in 2007. Until December 2010, CORPEI was the official entity to promote Ecuadorian exports and attract investments. Nowadays they are a private institution to promote private international trading. One of the main services that CORPEl's financial business offers is domestic and international factoring, plus other service lines such as venture capital, joint venture and business promotion.

New Partner in Florida, USA: Veritas Financial Partners LLC

Sat, 29 Oct 2011 01:00:00 +0200

IFG is delighted to welcome new Partner member Veritas Financial Partners LLC of Boca Raton, Florida, USA. Veritas is a leading financial services firm offering senior secured loans to mid market businesses and credit management services to banks and other financial institutions.

New Shareholder Member in Moscow, Russia: Politeks LLC

Sat, 29 Oct 2011 01:00:00 +0200

IFG is delighted to welcome new Shareholder Member Politeks LLC of Moscow, Russia. Politeks is a privately owned factoring company which has a strategic partnership with the established and co-owned OJSC B&N Bank

Delta Trade Finance ceases to trade

Wed, 12 Oct 2011 01:00:00 +0200

It is with great regret that we have learned that Delta Trade Finance has declared itself insolvent and the Company has therefore been removed from the register of IFG members.

BNP Paribas Fortis and ABN AMRO announce the completion of the transfer of Fortis Commercial Finance

Mon, 10 Oct 2011 01:00:00 +0200

BNP Paribas Fortis and ABN AMRO announce today that they have completed the
transfer of Fortis Commercial Finance's worldwide network (FCF) to BNP Paribas
Fortis, with the exception of the Dutch activities which will remain part of ABN AMRO.For more details of the announcement, click here

IFG's EUF has just created its second newsletter; read about the work of the EUF Committees..

Fri, 30 Sep 2011 01:00:00 +0200

The EUF has just published its latest newsletter; click here to read

IFG Newsletter - September 2011

Thu, 29 Sep 2011 01:00:00 +0200

The IFG September Newsletter with the latest news from the factoring industry is now available!You can read the full PDF version of the newsletter at this link.

IFG & ANFAC Chile signs a cooperation agreement

Mon, 12 Sep 2011 01:00:00 +0200

We are proud to announce that IFG & ANFAC (Asociacion Nacional de Empresas de Factoring) Chile, have now signed a cooperation agreement which will enable the 2 association to publicize each other's events, assist each other in the organization of factoring seminars and/or workshops, extend invitations to members of either organization to attend seminars and workshops organized by either organization, and encourage mutual exchange of information and visits between members of either organization.The cooperation will enhance our service to the members of our respective organizations, gaining greater insight of happenings in the world of factoring. Official agreement

IFG welcomes its latest new member in China, Bohai Factoring Company

Thu, 18 Aug 2011 01:00:00 +0200

IFG is delighted to welcome its latest new Shareholder Member, the Bohai Factoring Company of Tianjin, China. Bohai is joining IFG to gain access to the network and its support in developing the opportunities for international factoring

The International Lending Digital Issue is Now Available!

Thu, 18 Aug 2011 01:00:00 +0200

The Secured Lender's inaugural edition of The International Lending Digital Issue is now available! Click here to start reading this digital-only supplement. Topics include Deal Structures for Today; Sale of Chinese Assets and Hong Kong Listed Company Restructurings; Cross-border Issues in Relation to a Borrowing Base; CFA Delegation Provides Insights to Mexican Judiciary on Secured Transactions Law; Asset based Finance in the UK and Europe and GE Capital's UK Outlook. Additional digital-only supplements will be published in June, August and September of 2012. The Real Deal: Deal Structures for Today, on page 16, features the highlights from a panel from CFA's International Lending Conference, held in June in London. Panel representatives from Bank of America and Previsio Partners share their expertise. The regime for disposal of state-owned assets in China and how such ... Read more on the website

IFG Secretary General Erik Timmermans chief guest and speaker at an Omani Factoring Seminar organised by Muscat Finance

Thu, 21 Jul 2011 01:00:00 +0200

Oman Daily News: Muscat Finance Debt Factoring turnover grosses $500 millionThu, 21 July 2011By A Staff Reporter -
MUSCAT — Muscat Finance Company has achieved a milestone of reaching cumulative Debt Factoring turnover of $500 million in June 2011. In this connection, Muscat Finance organised a seminar on ‘International Factoring — Great Opportunities for Exporter and Importers of Oman’ at Crowne Plaza Muscat yesterday.
Faris Nasser al Farsi, Acting Director General of Export Development, Public Authority for Investment Promotion and Export Development (PAIPED) was the Chief Guest at the seminar and Eric Timmermans, Secretary General, International Factors Group, Belgium was the Guest Speaker. Also present on the occasion was Iqbal Ali Khamis al Lawati, Senior Vice President, Central Bank of Oman.
Ajit Engineer, CEO of the Company, said in his welcome address, that Muscat Finance is the first in the Middle East to launch Debt Factoring. Debt Factoring is on ... Read more on the website

EUF writes to EU on Public Consultation "Small Business, Big World"

Mon, 11 Jul 2011 01:00:00 +0200

The EUF has written on behalf of the European Industry to the EU Commission DG for Enterprise and Industry as part of the public consultation on "Small Business, Big World", outlining the benefits that the Factoring and Commercial Finance Industry bring to SMEs in terms of funding and developing international business.To read the letter, click here

IFG welcomes new member Blend Financial Services Ltd of India

Mon, 11 Jul 2011 01:00:00 +0200

IFG is delighted to welcome its latest new member, Associate Partner, Blend Financial Services Ltd based in Mumbai, India.Blend Financial Services Ltd is a diversified financial services supplier with a principal focus on assisting the needs of SMEs and is joining IFG to take advantage of the networking and educational opportunities that membership provides.

Secretary General Erik Timmermans' overview of GIAR 2010 and the global Industry position

Mon, 11 Jul 2011 01:00:00 +0200

In this article, Secretary General Erik Timmermans takes a look at the headline results from the IFG's unique GIAR 2010 country analysis report and places these outcomes in the context of the global Industry's continuing development.Look at this positive, encouraging and realistic asssessment here

IFG welcomes new member in Bulgaria, UBB Factoring EOOD

Wed, 06 Jul 2011 01:00:00 +0200

IFG is delighted to welcome its latest shareholder member, UBB Factoring EOOD, based in Sofia, Bulgaria. Owned by one of the largest banking groups in the country, United Bulgaria Bank AD, which is in turn owned by The National Bank of Greece SA, UBB Factoring is joining IFG to build two factor activity and take full advantage of the networking opportunities that membership provides.

GIAR 2010 results are in!

Thu, 16 Jun 2011 01:00:00 +0200

IFG's Global Industry Activity Report Summary for 2010 is now available!With data from 55 countries, this is the most comprehensive source of information on the size, shape, operational performance and sentiments of the Global Factoring Industry. It indicates that the industry grew by over 20% in 2010, is now serving around 430, 000 clients and has turnover in the region of €1.4 trillion.A full analysis of the trends, isssues and opportunities will be available soon.To look at the report, click here!

Atlantic Risk Management Services supports RBS IF in large scale deal

Tue, 07 Jun 2011 01:00:00 +0200

RBS Invoice Finance backs Walstead's buyout of St Ives' magazine division - Business Money Magazine May 18, 2011Walstead Investments has completed a £20m acquisition of the web offset printing subsidiary of St Ives plc and secured a £41.6m, three-year, asset-based lending facility provided by RBS Invoice Finance (RBSIF).The deal sees the consolidation of two of the top three companies in the web offset print sector, creating the UK's market-leader with 1,525 staff employed across 11 manufacturing operations generating annual turnover in excess of £160m. Walstead Investments has printed magazines for publishers such as IPC Media, Mark Scanlon, Walstead's chairman, said: "This is an extremely important deal for us and St Ives plc. I hope and believe that the UK web offset sector will have a better future from today. Our management team were hugely impressed with the deal team at RBSIF - they managed to deliver an appropriate debt structure that reconciled with our ... Read more on the website

New Shareholder Member: Barclays Sales Finance

Tue, 07 Jun 2011 01:00:00 +0200

It is with great pleasure that IFG announces the membership of Barclays Sales Finance. This well established and leading major player, part of the international multi-location banking group, is joining to take advantage of the IFG's position as the only global Trade Finance Association for the invoice finance industry.

IFG welcomes new member in Malta: FIMBank

Wed, 25 May 2011 01:00:00 +0200

IFG is delighted to announce the arrival of its latest Shareholder member FIMBank plc. Based in the North East coastal city of Sliema, Malta, FIMBank is an important and expanding Group with rapidly developing factoring operations in a range of countries, including India, Russia, Romania, UAE and Brazil.

A new perspective on the History of Factoring..

Thu, 28 Apr 2011 01:00:00 +0200

Have you ever wondered about how factoring first started? Where it came from, where it grew, how it developed?In a new publication, three US authors, David B Tatge (Epstein, Becker and Green PC, Washington DC), David Flaxman (Rosenthal and Rosenthal Inc, NYC) and Jeremy B Tatge (Brown Brothers Harriman and Co, Boston) address these questions and give new perspectives on the development of the Industry. As David B Tatge puts it: " Generally speaking, we hope these materials will help for the factoring industry, relatively new in many countries, to gain a better sense of its historical roots, which we have endeavoured to summarise from disparate sources." Read their article here and be prepared to discover some history!

IFG welcomes new member in Mauritania, Mauritanie Leasing

Thu, 28 Apr 2011 01:00:00 +0200

IFG is delighted to welcome a new member in the west of Africa, Mauritanie Leasing, whose joining further develops the Group's presence in this important Global development region. IFG wishes Mauritanie Leasing every success in developing national and international business.

IFG presents an EUF Press Release

Wed, 06 Apr 2011 01:00:00 +0200

As prime mover in the EUF, the IFG is delighted to share its Press Release on the growth in the Factoring and Commercial Finance Industry in Europe in 2010

IFG presents the EUF Newsletter to members

Fri, 11 Mar 2011 01:00:00 +0100

As principal mover, the IFG is pleased to share with members the Newsletter of the EUF, which lobbies on behalf of the Factoring and Commercial Finance Industry in Europe.

NFC Russia profits show strong growth and portfolio doubles..

Tue, 08 Feb 2011 01:00:00 +0100

In 2010, NFC's factoring portfolio doubled year-on-year to RUB 6.7 billion and pre-tax profit increased to RUB 196 million, 2.5 times higher than in 2009. NFC's key business volume indicators demonstrated an upward trend: the company successfully coped with the economic crisis. Turnover increased by 8% to RUB 37.72 billion, while the volume of financing amounted to RUB 26.6 billion (+14%). NFC reconfirmed its status of being the leading Russian import factor, with international business increasing by 63% to RUB 1.3 billion. NFC's strategy is aimed at further development of factoring infrastructure which allows it to offer tailor-made solutions with high added value. In order to increase the level of service and to meet even the most sophisticated client requests, the company conducted a special customer satisfaction survey. The goal is to meet client's expectation by offering a unique combination of services. As a result of further development of tailor-made solutions NFC was stea ... Read more on the website

Nordea Finance Denmark AS achieves an all time high in its factoring business - and remains the market leader in Denmark.

Tue, 08 Feb 2011 01:00:00 +0100

Nordea Finance Denmark AS achieves an all time high in its factoring business -and remains the market leader in Denmark.

Measured on a number of figures, for our factoring business, 2010 was really a fantastic year:

• Increase in market share of more than 10% to approximately 45% of the total Danish market.
• Increase in revenue of 24.4%.
• IFG turnover up by more than 85%.
• New clients with turnovers greater than €100M up more than 100%
• These results is a part of a fantastic and all time high results for Nordea Banking Group - a profit of approximately 3.8 Billion EUR before tax in 2010.How have we been able to achieve these results?
There are many factors contributing to the great 2010 results, key amongst them including:

1. A successful focus on mid size large corporate customers in the segment of Corporate Merchant Banking, combined with a changed strategy to limit our sales approach to small ticket business. Our sales staff has focused on t ... Read more on the website