BCR Latest News

UK companies amongst the worst late payers in Europe

Intrum Justitia, Europe’s leading credit management company, has provided further evidence of poor payment practices in the UK following the…


SMEs drew support of SKK3.042 billion

Small- and medium-sized enterprises (SMEs) obtained financial assistance totalling SKK3.042 billion over the second half of 2003. SKK2.215 billion was…


MNB cuts rate as government trims spending

Hungary's central bank (MNB) unexpectedly cut its benchmark interest rate a quarter-point, reducing borrowing costs for the second time in…


New ECGD CEO announced

A City banker with a long track record in export and project finance, was today named as the Export Credits…


US$26m credit line for SMEs

Colombia's state development agency Findeter has launched a new line of credit totalling 70bn pesos (US$26.3m) to boost the country's…


Atradius launches guide to help firms save lost profits

A free guide has been published to help firms save up to a third of their annual profits that is…


Survey shows SMEs geared up for expansion

Small businesses will create more than 36,000 jobs this year, more than double last year's number, according to the Small…


Montcap’s factoring services available to Scotiabank customers

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


Credit Guarantee Corp’s bad debt provision up 150%

Start-up businesses were badly hit by the tough economic environment last year, as evidenced from the sharp increase seen in…


Atradius renews commitment to credit insurance in India

Atradius, a global leader in credit insurance and credit management, and The New India Assurance signed a new reinsurance treaty,…


GMAC Commercial Finance promotes sales director following significant business growth

GMAC Commercial Finance Plc (GMAC CF) has today announced that it has promoted Phil Lammas to UK sales director for…


Coface and Asexma renew export services alliance

The Chilean subsidiary of French credit insurance giant Coface and Chile's Association of Manufacturers and Service Exporters (Asexma) have announced…


GE Commercial Finance Ltd appoints new regional director for London

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


Independent factor plans aggressive expansion strategy

Russia’s first independent professional factoring company has entered the market. The commercial bank, National Factoring Company Uralsib-NIKoil (NFC), was the…


FDI stock 31 billion euros

Total foreign direct investment (FDI) stock in Hungary has reached Ђ31 billion, says MNB’s managing director. Central Bank, MNB recalculated…


Business confidence improves among SMEs

Perceiving a global recovery Hungarian firms are more optimistic regarding their business prospects and the country's economic situation in the…


New tax breaks for small firms

Small firms could miss out on financial savings because they are unaware of a new government tax incentive introduced this…


Finns hold record confidence in their personal economic situation

Finns are now as confident in their own economic situation as they were at the peak of the economic boom…


DBP sets up e-market for SMEs’ receivables

The state-controlled Development Bank of the Philippines (DBP) will launch a new marketplace this month for receivables of small- and…


'Gold Card' facility for exporters in Karnataka

Exporters in Karnataka with good track records can now expect minimum inspections and speedy clearances by the government for their…


Financial Services’ optimism improves at fastest rate for five years…

Financial services companies' optimism increased between December and March by more than at any time for five years, as business…


Allianz Group to expand core business in China

Allianz Group, the largest German insurance service provider, will continue to expand its core business in China, according to Michael…


South Korean SME income expected to double this year

A new equity fund has been set up to tap into growing investor interest in small- and medium-sized South Korean…


Foreign factoring, financial leasing and venture capital firms’ equity participation…

Signalling a long-term stability in its foreign investment policy, India has offered to bind itself to allowing 100 per cent…


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