BCR Latest News

UK corporate profitability achieves best results since 2000 – Grant…

UK Corporate profitability during 2003 has returned to levels last seen at the tail end of the dotcom boom in…


SME economic confidence survey results

Small businesses in South Australia are the least optimistic of all states on the outlook for the national economy, a…


National Bank cuts interest rate

The National Bank of Hungary (MNB) cut its benchmark interest rate to 12 per cent, down from 12.25 per cent,…


Parex Bankas forecasts falling profits; will focus on SMEs this…

Latvian-controlled Parex Bankas projects a LTL 4.9 million (Ђ1.4m) profit this year, a 19 per cent drop from LTL 6…


MFI-bank loan syndication needed for SME growth

Lack of access to credit is the main problem facing SMEs that provide over 87 per cent of total industrial…


National Bank of Canada lowers prime rate

The National Bank of Canada has lowered its prime rate from 4.00 % to 3.75 %, effective today. National Bank…


DCD Factors report turnover up 7% in 2003

DCD Factors plc, the London-based factor and invoice discounter, has released results for the twelve months to 31 December 2003…


Atradius launches new credit insurance policies

With the number of UK small business insolvencies still rising* and an estimated 10,000 UK businesses failing because of bad…


Raiffeisen Bank deal for SMEs

Raiffeisen Bank and the European Investment Fund (EIF) have signed a Ђ40m accord to guarantee loans for Romanian small- and…


Venture Finance expands with launch of Newcastle office

Venture Finance PLC, the asset-based financier, today extends its support for small- and medium-sized companies (SMEs) in the North East…


Standard Chartered launches international receivables finance and signs credit insurance…

China Export & Credit Insurance Corp (Sinosure) has signed a landmark deal with Standard Chartered Bank (SCB) to jointly offer…


International Factors (Singapore) appoints new chief

International Factors (Singapore) (IFS)- now controlled by Lim Hua Min's Phillip Securities - has a new chief. In a statement…


Scotland’s new debt register costs revealed

Scotland's new Debt Arrangement Schemes will protect creditors from judgment enforcement except in special circumstances. The schemes will apply where…


UNISAME champions factoring

The Union of Small & Medium Enterprises (UNISAME) has drawn the attention of bankers to the fact that most SMEs’…


Factoring debt repayment failure led to Mayflower fall

Mayflower Corporation failed for four years to make full payments to HSBC, which was operating an invoice-discounting scheme on its…


SME Invoice Finance profits top Ј400k

SME Invoice Finance Limited has announced results for the financial year to December 2003 following their annual audit undertaken by…


FCI report world factoring volume tops 760bn Euros, up 5%…

Factors Chain International (FCI), the world’s largest network of factoring companies with a presence in nearly 60 countries, has published…


Interest rates left unchanged

The Bank of England has held interest rates steady at 4.0 per cent for the second month running, after a…


Cattles builds corporate team

Manchester based Cattles Invoice Finance has strengthened its corporate team with the promotion of two associate directors. In his new…


Government creates programme to support SMEs

The ministry of economics and organizations has elaborated a new programme for the development of small- and medium-sized enterprises (SMEs).…


Ex Reagan aide accused of $52,000 factoring fraud

A former top US Environmental Protection Agency (EPA) official was indicted yesterday on federal charges alleging she schemed to fraudulently…


Business failures continue to fall

The number of limited businesses failing in the first quarter of 2004 fell by eight per cent compared with the…


Lloyds TSB Commercial Finance funds Dantec buy-out

A Moreton-based manufacturer of specialist hose for the oil industry and Formula One racing has been bought by its management…


SBP to educate banks on SME lending based on cash…

The State Bank of Pakistan (SBP) will pursue and educate commercial banks to extend loans to small- and medium-sized enterprises…


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