This sounded very like a call for a new ICFC
, which this time should not be allowed to creep away from its original mandate as short-run profit-maximisation came to dominate the consideration of its shareholders.
was initially funded by the clearing banks and the Bank of England and took a highly commercial approach.
DIRECTOR-GENERALof the CBI, Richard Lambert, has urged the Government to fund a body like the Industrial and Commercial Finance Corporation (ICFC
), created in 1945, to provide finance to small companies.
Tokyo, Japan, Apr 27, 2006 - (JCN Newswire) - ITOCHU Corporation (ITOCHU), ITOCHU CHEMICAL FRONTIER Corporation (ICFC
), and Showa Denko K.K.
Lubomir Hristov currently chairs the Institute of Certified Financial Consultants (ICFC
) and is a member of the European Commission's Expert Group on Financial Education (EGFE) and the European Banking Authority's (EBA) stakeholder group.
He added: "I'm old enough to regret the passing of ICFC
[the Industrial and Commercial Finance Corporation] which before it became 3i had a mission to support growth capital across the UK and in which the Bank of England had a stake.
Top five gainers of Tuesday's trading were ICFC
Bittiya Sanstha Limited, Universal Finance Limited, International Leasing and Finance Company, KIST Merchant Banking and Finance Limited and Prabhu Finance Company Limited.
Lubomir Christoff, Chairman, Institute of Certified Financial Consultants (ICFC
) Bulgaria is also working with PlanPlus to localize the software for Bulgaria.
Lord Mandelson has also made reference to recreating the Industrial and Commercial Finance Corporation (ICFC
, which was later re-branded 3i).