Geneva Finance wins support from BOS until 2011

Consumer finance company Geneva Finance said BOS International had reconfirmed its NZ$35 million funding facility through to the end of April 2011, despite Geneva being in breach of some of its covenants. "This is another significant positive step in the repositioning and rebuilding of the Geneva brand and there is no doubt that this outcome is in the best interest of all stakeholders," said Geneva spokesman Kruger Venter. * This article was first published yesterday in our daily subscription newsletter for the banking and finance industries. The email costs NZ$365 per annum and carries exclusive news and analysis for New Zealand banking and finance industry executives, regulators and investors. Sign up for a free trial here.