BCR Latest News

'Plans to slow down growth' leads to credit squeeze fears

Signs that China is preparing to calm its breakneck economic growth are hitting stock markets across Asia. On Wednesday, Chinese…


SBA programme to support up to US$100 million in export…

US small businesses seeking to sell their products and services in foreign markets will have access to expanded financing support…


Venture capital investments total 117 million euros in Hungary

Some 40 venture capital funds invested a total of Ђ117 million in Hungary in 33 transactions last year, according to…


FDI in Kyrgyzstan rose by 27 per cent in 2003

Kyrgyzstan drew US$146 million in foreign direct investment (FDI) in 2003, an increase of 27 per cent against 2002, Kyrgyz…


Central Bank reduces key interest rates by 50 basis points

Slovakia's central bank NBS bank board reduced key interest rates by 50 basis points. The two–week repo-tender rate now stands…


World Bank loan for SME development

The World Bank will extend a US$200 million loan to Small Industries Development Bank of India (Sidibi) by September to…


SMEs made up 90% of companies closed in 2003

Luis Antonio Mahbub Sarquis, president of the Chambers of Commerce Federation (Concanaco), said that 3,600 companies in Mexico were forced…


SMEs need not fear credit squeeze from Basle II –…

Hong Kong's small- and medium-sized enterprises (SMEs) will not suffer the credit squeeze feared by some as a result of…


'Securitisation viable tool’ for small finance companies

Securitisation is a viable funding method for small finance companies because their advances generally match banks' requirements towards priority sector…


Mexico praised for lending to small businesses

Hector Barreto, administrator of the US Small Business Administration (SBA), praised Mexico's commitment to helping small enterprises on Tuesday. He…


Korea to become world’s 8th-largest exporter by 2010

Commerce-Industry-Energy Minister Lee Hee-beom has predicted that exports will more than double to $400 billion in 2010 from $193.8 billion…


Ex-Im Bank announces its first transaction in post-war Iraq

The Export-Import Bank of the United States (Ex-Im Bank) is pleased to announce that the first transaction has been approved…


EU support for SMEs compensates for reduced government aid

According to the Czech Ministry of Industry and Trade (MIT), almost two million people are employed in small- and medium-sized…


Factoring turnover reaches Bt120bn in 2003

The factoring industry is neither registered nor regulated in Thailand. Nevertheless, the industry has been flourishing for at least a…


Scotiabank unit launches US$16.7m SME fund

Scotiabank Jamaica has launched a J$1bn (US$16.7m) small- and medium-sized enterprise (SME) financing programme, focusing on export-related activities and job…


Accord exceeds first quarter factoring volume company record

Accord Financial Corp., a leading North American provider of asset-based financial services to businesses, including factoring, financing, credit investigation and…


Survey supports European expansion – European entrepreneurship encouraged

Research published today from leading invoice and asset-based financier, Venture Finance PLC, reveals that 40 per cent of businesses believe…


Potential Finance results ‘disappointing’ 2003

Potential Finance Limited, the independent Brentwood-based debt factoring company, has announced a pre-tax loss of Ј1.22 million for the year…


Credit insurer urges caution over payment risks

Credit insurer Coface said payment default risk in China is still low but traders need to be cautious and selective…


GE Commercial Finance names new CEO

GE Commercial Finance Ltd (GECF Ltd), a leading UK provider of business finance solutions, today announced the appointment of Richard…


Two new heads of business development for Ex-Im Bank

Two seasoned financial and banking services executives have been named to head business development at the Export-Import Bank of the…


Factoring company obtains ISO 9001 certification

Compagnie Gйnйrale d’Affacturage (CGA), the wholly-owned factoring subsidiary of Sociйtй Gйnйrale has become the first factoring company in France to…


Government spurs exports with incentives

The South African government is keen to spur exports and it offers a variety of incentives. The Industrial Development Corp…


Export insurance and credit sources update

The Export Credits Guarantee Board (EKN) offers long-term financing; Svensk Exportkredit handles short-term financing. The EKN, which is 100% state…


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