BCR Latest News

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…


FDI inflow slows in January

The inflow of foreign direct investment (FDI) in Bulgaria for January 2004 totalled US$ 39.5 million (0.2 per cent of…


ECGD announces new procedures to combat bribery and corruption in…

Strengthened procedures to minimise the risk of bribery and corruption on business deals supported by the Export Credits Guarantee Department…


Price may cause Government to drop currency swap deal that…

The government said it may dump the proposed currency swap deal with the Asian Development Bank if the multilateral agency…


The international factoring industry is warned of the increasing danger…

The ‘Eternal City’ of Rome was the setting for Europe’s premier meeting of 120 top factoring and asset-based finance industry…


SMEs in line for free IT training

Thousands of small businesses could be entitled to free IT training following the expansion of a government-sponsored skills initiative announced…


Dynamic Commercial Finance preliminary results

Dynamic Commercial Finance plc (DCF) have released preliminary results for the year to 31 December 2003, reporting a first full…


GE Commercial Finance commits $30 million of debtor-in-possession financing

FiberMark Inc, a leading producer of specialty fibre-based materials, announced yesterday that it has filed voluntary petitions to reorganize under…


Credit scoring and factoring boosts lending to SMEs

New credit scoring techniques have paved the way for unsecured lending in the small- and medium-sized business (SME) sector, which…


Ex-Im Bank backs sale of US flood-forecasting equipment to Romania

A US$38.7 million Export-Import Bank of the United States (Ex-Im Bank) loan guarantee will enable Romania to buy equipment, technology…


ECGC credit risk policies to have NIC marine cover

The Export Credit Guarantee Corporation of India (ECGC) and National Insurance Company Ltd have decided to unite to provide marine…


Santander buys DnB’s Elcon

Spanish bank Grupo Santander gained a foothold in the Nordic region on Wednesday by buying Elcon, a leading Scandinavian finance…


Better Payment Practice Group appoints new chairman

The Better Payment Practice Group (BPPG) has announced the appointment of Dr Richard Wilson, business policy executive at the Institute…


UK Matrix Group acquires private equity business from GLE

UK Matrix Group has agreed to acquire the private equity arm of Greater London Enterprise, GLE Development Capital (GLEDC). Matrix…


R.G. Barry Corporation secures factoring and financing from CIT

R.G. Barry Corporation has announced that it has entered into a factoring and financing agreement with The CIT Group/Commercial Services…


European Investment Bank picks Kenyan intermediaries

The European Union has approved eight Kenyan banks as local intermediaries of the European Investment Bank (EIB). The approval means…


John Major to be questioned in Mayflower audit inquiry

John Major, the former Conservative Prime Minister, faces questioning by the City watchdog over a Ј20 million black hole at…


VAT fraud helped to take 11bn euro toll on 2003…

The huge VAT fraud on computer parts sales to Britain helped knock more than Ђ11bn off Irish exports last year,…


UK engineers power to multi-million pound Algerian contract with ECGD…

A British specialist engineering company based in Lincoln is supplying 15 gas turbine units to Algeria's oil pipeline sector in…


Registration deadline for new and improved FDA certificate

The FDA Certificate course is an excellent way of helping key staff build their knowledge and understanding of the industry…


First Business profits increase 273%

First Business Financial Services Inc., specialist in commercial banking, asset-based lending, commercial finance and leasing, reported net income of US$4.1…


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