BCR Latest News

Merger to be completed this year

Financial services conglomerate Grupo Security expects to complete the merger between its bank Banco Security and the Chilean subsidiary of…


First foreign bank to have branches in China approved to…

Approval has been received from the China Banking Regulatory Commission for seven of the nine branches belonging to the Hongkong…


Cancer 'lies' of Versailles fraud chief

Fred Clough, the disgraced finance director of collapsed trade finance house Versailles, lied to his board that he had cancer…


Prime Minister concerned about SME

"Dangerous tendencies" have been detected in the way the Russian economy is developing which demonstrate "numerous problems in providing for…


SMEs are missing out on Europe

As the country begins to turn its attention to whether or not it approves of the EU's Constitution, concern is…


Slovakia gets Skk 32,1 million of new FDI in 2003.

New foreign direct investment (FDI) in Slovakia amounted to Skk32.1 billion (Ђ802.5 million) in 2003, down by Skk150 billion on…


Credit anxiety looms for SMEs

Anxiety over credit problems in small- and medium-sized companies (SMEs) is increasing, as 67 per cent of loans to those…


SEAF to launch US$40 million India fund

US-based venture capital firm Small Enterprise Assistance Funds (SEAF) will make its debut in the Indian market with its SEAF…


SMEs record major uplift in confidence

There has been a marked improvement in business confidence among small firms, according to the latest quarterly survey by the…


Senior finance executive – just the job for fraud

Wanted. Male, 36-45, finance experience, senior executive level. That, according to analysis by forensic accountants at KPMG, is not so…


Deloitte & Touche warn on money laundering surge on EU…

Banks and other financial institutions could face a potential surge in money laundering when the European Union expands at the…


Business failures set to hit 6-year low in 2005

According to a report published today by the business advice group BDO Stoy Hayward, the number of bankruptcies is set…


Bad debts a growing problem for exporters – IEA survey…

Over half of Irish exporters had customers who did not pay them over the last year, according to a survey…


David Robertson highlights scope and benefits of FDA’s work

David Robertson, managing director of Bibby Financial Services and the next FDA Chariman (from June 2004), highlighted the work that…


MFB records HUF6.14bn net income in 2003 – new SME…

State-owned Hungarian Development Bank (MFB) recorded a net income of HUF6.14 bn (US$27.4 m) in 2003, according to the company's…


Factoring rebounds from 2002 lows

The stabilisation of the economy and decreasing interest rates in 2000 and 2001 led to growth in the factoring industry,…


Industrial Bank of Korea leads export factoring market

In South Korea, factoring arrangements are essentially corporate credit facilities based on trade bills, accounts receivable and consumer credits. International…


Bangladesh Bank to finance the ‘missing middle’ SMEs

The Bangladesh Bank has initiated a programme involving 1 billion taka (US$17.2 million) to promote small- and medium-sized enterprises (SMEs),…


Exporters increasingly shun ECGD support scheme – CBI chief

CBI chief Digby Jones has accused the government of undermining support for British exporters and exacerbating the number of manufacturing…


CIT Group results 2003 show strong factoring and leasing volumes

CIT Group Inc. today reported net income of US$189.3 million for the quarter ended March 31, 2004. The results for…


PCI Leasing & Finance income dropped sharply to P258m in…

PCI Leasing and Finance Inc. saw its profits drop sharply last year as it moved to set aside funds to…


EBRD releases Ђ40 million to SMEs

The European Bank for Reconstruction and Development (EBRD) will release Ђ40 million for Bulgarian commercial banks to extend loans to…


Bibby Financial Services combine products in new offering

The Bibby Financial Services Group has announced the roll out of a new service offering to add to the list…


PICIC provides Rs300m to entrepreneurs

Pakistan Industrial Credit and Investment Corporation (PICIC) has so far disbursed Rs 300 million among small entrepreneurs under small business…


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