BCR Latest News

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…


Banks braced for impact of bad SME loans

Local banks are bracing for more trouble - namely defaults by small-and medium-sized companies (SMEs) - after getting burned by…


BankBoston to target SMEs

BankBoston Brasil will increase its focus on small- and medium-sized enterprises (SMEs) this year by opening 25 new SME-targeted business…


The ECB dithers, leaves rates on hold

What, exactly, is the European Central Bank (ECB) waiting for before it pulls the trigger? Yesterday's failure by the ECB…


2003 record breaking year for start-ups

According to Barclays' quarterly Start-ups and Closures report, 465,000 new companies were set up in 2003, the highest level since…


Coface acquires 100% of ORT SAS and its subsidiaries

Coface, a Natexis Banques Populaires subsidiary, today announced the acquisition of 100% ownership of the ORT SAS Company and its…


HSBC reports record year for new business

HSBC Invoice Finance (UK) Limited has reported profits before-tax of Ј59.69m for the year ending 31 December 2003, an increase…


Factor’s parent reports 2003 financial results

Raybor Management, Inc., a rapidly growing holding company, which includes factoring company Freedom Financial, announced financial results for the year…


Clough's Ј19m eludes receivers in Versailles case

Receivers for Versailles have recovered only Ј550,000 of the Ј19m fortune siphoned from the collapsed trade finance house by disgraced…


Key changes to indirect taxes in EU accession countries

Indirect-tax specialists from Ernst&Young have warned all multinational companies trading in the Accession Countries that, in the area of indirect…


GE Commercial Finance acquires IKON's US leasing operations – Canadian…

GE Commercial Finance, the business-to-business financial services unit of General Electric, announced yesterday that it has completed the acquisition of…


BDPME results show increased profit and reduced cost of risk

France's bank for SMEs, Banque du Developpement des Petites et Moyens Entreprises (BDPME), registered an 8.6 per cent rise in…


Ultimate Finance Group interim results – turnover up 336%

The Ultimate Finance Group has released its interim results1 for the six months ended 31 December 2003, which show a…


MTB takes out 10 billion euro loan for SMEs

Magyar Takarйkszцvetkezeti Bank Rt (MTB) signed a deal with Kreditanstalt fьr Wiederaufbau (KfW), the German development bank, to take out…


SIDBI to set up Growth Fund for SME sector

The Small Industries Development Bank of India (SIDBI) has decided to set up a ‘Growth Fund’ to provide risk capital/…


MNB cuts its benchmark interest rate

The National Bank of Hungary (MNB) unexpectedly cut its benchmark interest rate a quarter percentage point. The Monetary Council lowered…


Austria's Oberbank enters the Czech SME banking market

Austria's Oberbank will be the first bank to enter the Czech market after the country joins the European Union. The…


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