Latest news with #factoring
National Post
21-05-2025
- Business
- National Post
Apex Capital Corp Joins Transflo's Workflow AI Ecosystem to Enhance Factoring Automation and Client Service
Article content TAMPA, Fla. — Transflo today announced that Apex Capital Corp ('Apex'), a leading global provider of freight factoring services, has joined the Transflo Workflow AI Ecosystem to streamline the processing and auditing of incoming documents. This partnership marks a key step in Apex's continued commitment to delivering a faster, more efficient experience for its clients. Article content Article content With Apex now part of the Transflo ecosystem, nearly 50% of transportation factoring companies leverage Transflo Workflow AI. Article content 'We're thrilled to welcome Apex Capital Corp to the Transflo network,' said Renee Krug, CEO of Transflo. 'Expanding our ecosystem with leading factors and brokers strengthens the reach of our network, which ultimately drives greater efficiency and value for all participants—factors, brokers, carriers, and shippers alike.' Article content Transflo's Workflow AI is the industry's next-generation platform for automating factoring operations, helping transportation companies boost productivity and reduce manual processing. Article content Transflo is the trusted industry leader in mobile, telematics, and business process automation solutions for the transportation industry in North America. Transflo's customer-focused mobile and cloud-based technologies deliver real-time communications to fleets, brokers, factors, shippers, and commercial vehicle drivers, and digitize 800 million shipping documents a year, representing approximately $115 billion in freight bills and more than 3.2 million downloads of the Mobile+ app. Article content About Apex Capital Corp Article content Founded in 1995, Apex Capital is a full-service freight factor that specializes in small to medium-sized trucking companies. Apex is the leading freight factoring company for the trucking industry. Apex buys freight bills and provides industry recognized customer service, credit checks, 24-7 factoring, the blynk® digital payment platform, a Mobile Factoring® app, a free load board, the Apex Fuel Card and many other benefits to its clients. Article content Article content Article content Article content
Yahoo
12-05-2025
- Business
- Yahoo
Banca Sistema SpA (FRA:B2S) Q1 2025 Earnings Call Highlights: Robust Revenue Growth Amid Rising ...
Release Date: May 09, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Banca Sistema SpA (FRA:B2S) reported a 60% year-on-year revenue growth, with adjusted interest income more than doubling. Pre-tax profit almost tripled year-on-year, with net income reaching EUR 11.6 million, achieving 45% of the previous year's total profits in just one quarter. The factoring division saw a 64% increase in net profit, and the pawnbroking division experienced a 250% increase. The cost of funding decreased from 3.62% to 3.1%, positively impacting profitability. Capital ratios were slightly better than forecasted, with CET1 ratio at 12.4% and total capital ratio at 14.9%. Costs increased by 9% year-on-year due to higher employee numbers and administrative expenses. The cost of risk rose to 57 basis points from 17 basis points a year ago. Total assets decreased by 4% quarter-on-quarter due to lower financial portfolio and customer loans. The CQ division continued to operate at a loss, although the loss was reduced from EUR 4.2 million to EUR 2.8 million year-on-year. Gross past due loans increased significantly from EUR 101 million to EUR 333 million due to new classification rules. Warning! GuruFocus has detected 2 Warning Signs with FRA:B2S. Q: Could you provide an outlook for the adjusted income margin evolution this year and your expectations on the factoring turnover? A: (Unidentified_6) We expect the adjusted income margin to grow robustly up to year-end. Although the Q1 margin was positively impacted by LPI accruals related to European Court of Human Rights rulings, this effect is not expected to repeat in the same magnitude. However, the margin should remain robust and stable. (Unidentified_5) For factoring, we expect the outstanding to remain flat over the year, with more exposure towards central governments and less towards the NHS system. Q: Why is gold not considered a valuable asset for covering risk in pawnbroking? Also, can you comment on the cost of funding and common equity? A: (Unidentified_5) Gold is not considered eligible collateral under CRR3, which applies a 75% risk weight. We have started issuing CLNs to reduce capital consumption. (Unidentified_6) The cost of funding improved from 3.6% last year to 3.2% in Q1 2025, and we target an average of 3% for the year. The improvement in funding costs will benefit the consolidated P&L, but the CQ division is still expected to report a net loss for 2025. (Unidentified_5) Common equity is expected to improve over time, but any decision by the regulator to remove restrictions is uncertain. Q: Can you provide more details on LPI contributions and cost of credit expectations for the year? A: (Unidentified_5) We are negotiating significant positions that could lead to LPI accruals, especially with municipalities exiting conservatorship. More decisions from the Strasbourg court could also impact LPI. (Unidentified_6) The cost of credit provisions this quarter are part of normal credit assessment and are likely higher than the quarterly average we expect for the year. We do not anticipate any releases like those in Q4 last year. Q: What is driving the increase in personnel costs, and will this trend continue? A: (Unidentified_5) The increase in personnel costs is due to new colleagues from Portugal and an increase in the national labor contract for bankers. We expect these costs to remain stable now, but they are higher compared to the same quarter last year. (Unidentified_6) The Q1 cost is not a spike, and you can expect it to remain stable up to year-end. Q: Is the rise in the cost of credit a conservative measure, or is there another reason? A: (Unidentified_5) The movement in the cost of credit is part of the normal process and not due to any specific situation. (Unidentified_6) It varies from quarter to quarter but does not indicate any particular concern. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Zawya
08-05-2025
- Business
- Zawya
Afreximbank extends EUR15-million factoring line of credit to Banque Postale du Congo
African Export-Import Bank (Afreximbank) ( has signed a EUR 15 million Factoring line of credit agreement with Banque Postale du Congo (BPC) in Cairo. The facility will provide liquidity to BPC for factoring supplier invoices accepted by eligible buyers, as well as for engaging in cross-border factoring. Speaking at the signing ceremony, Mrs. Kanayo Awani, Executive Vice President, Intra-African Trade and Export Development at Afreximbank, explained that the dual-tranche factoring facility would support small and medium-sized enterprises (SMEs) in the Republic of Congo and enable BPC to expand its cross-border factoring activities. She noted that the facility would significantly boost SME financing in Congo, where BPC is currently the only institution offering factoring. It is expected that the facility will be revolved severally over the next year, resulting in cumulative financing of up to EUR 60 million for SMEs. Mrs. Awani highlighted that the transaction is part of a broader strategic partnership between Afreximbank and BPC aimed at promoting factoring in the Republic of Congo and across the Central Africa region. The partnership is also designed to improve access to finance for SMEs, which are vital contributors to job creation and economic growth as well as strengthen capacity building and legal and regulatory framework 'Factoring has been identified as a key instrument to facilitate the implementation of Afreximbank's current strategy, Impact 2026 - Extending Frontiers, by providing financing to SMEs that may not meet the criteria for traditional bank lending,' said Mrs. Awani. 'This facility will support SMEs and improve their competitiveness by enabling them to trade on open account terms, thereby expanding trade frontiers.' Mr. Calixte Tabangoli, Chief Executive Officer of BPC, who signed on behalf of his organisation commented: 'We are honoured to once again partner with Afreximbank through this expanded facility. Over the past two years, the Bank's support has enabled us to provide vital working capital to more than 100 SMEs in Congo. This new EUR 15 million facility will further strengthen our ability to promote financial inclusion and economic development. We deeply appreciate the unwavering commitment of Mrs. Kanayo Awani and her team, whose leadership continues to demonstrate that factoring is a powerful instrument for SME growth across Africa.' The facility builds on a strong and evolving partnership between Afreximbank and BPC, which began in 2018 with an initial EUR 5million facility. That support was subsequently increased to EUR 10million in 2022. Since then, BPC's factoring volumes have grown from EUR 1.5 million in 2018 to EUR 30.5 million in 2024. In addition to financing, the partnership has included key capacity-building and policy initiatives. Notably, Afreximbank supported the Republic of Congo's adoption of a Model of Law on Factoring in 2021. The Bank has also provided technical assistance, including a week-long secondment of three BPC staff members to Afreximbank in June 2024, and has collaborated with BPC in promoting awareness and developing the factoring ecosystem across the region. Distributed by APO Group on behalf of Afreximbank. Media Contact: Vincent Musumba Communications and Events Manager (Media Relations) Email: press@ Follow us on: X: Facebook: LinkedIn: Instagram: About Afreximbank: African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra- and extra-African trade. For over 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa's trade, accelerating industrialisation and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank has set up a US$10 billion Adjustment Fund to support countries effectively participating in the AfCFTA. At the end of December 2024, Afreximbank's total assets and contingencies stood at over US$40.1 billion, and its shareholder funds amounted to US$7.2 billion. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody's (Baa1), China Chengxin International Credit Rating Co., Ltd (CCXI) (AAA), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB). Afreximbank has evolved into a group entity comprising the Bank, its equity impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure (together, "the Group"). The Bank is headquartered in Cairo, Egypt.
