Citibank evaluates firms for the granting of credits

Article Abstract:

Citibank (Prague, Czech Republic), bank, considers 64% of domestic companies as unsuitable for the granting of credits. The share is 51% in Poland and 57.7% in Hungary. About 7% of companies are suitable for credits in the Czech Republic compared to 9% in Poland and 5% in Hungary. According to Citibank, about 15% of companies are badly creditable in the Czech Republic, 19% in Poland and 10.4% in Hungary. About 14% of companies are very badly creditable in the Czech Republic compared to 21% in Poland and 31.4% in Hungary. According to the bank, only 19 from 40 economic sectors are interesting in the field of the ensuring of financial services in the Czech Republic.

Citibank N.A.

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The liquidation of parent firms

Article Abstract:

Milo (Olomouc, Czech Republic), Seliko (Olomouc, Czech Republic) and Nealko (Olomouc, Czech Republic), food products firms, will become bankrupt in February 2000. A reason for the step is their cumulative loss of over 2 bil Kc. The liquidation is a part of a rescue plan of the holding company Milo Holding (MH) (Olomouc, Czech Republic) which associates the firms. MH set up subsidiaries before the decision at the beginning of 2000. MH transferred a part of debts and viable plants to the subsidiaries. All the rescue steps are done according to a proposal of SEC leasing (Czech Republic), which has been MH's owner since 1999.

Milo Holding

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Credit firms push to thwart fraud; merchants face a penalty if steps aren't taken to curb identity theft; Visa misses own security deadline

Article Abstract:

C redit card companies MasterCard Inc. and Visa U.S.A. Inc. are getting tough with merchants in an effort to boost credit card security, in order to prevent credit card fraud and identity theft . Merchants that don't meet security requirements will being fined.

General services, Personal credit institutions, United States, Safety and security measures, Prevention, Credit and debit card industry, Credit card industry, Credit card fraud, Visa U.S.A. Inc., Identity theft, MasterCard Inc.

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