BCR Latest News

CEO says Desarrollo to up loans 7% this year, driven…

Chilean bank Banco del Desarrollo is planning to up its total loan portfolio 7% this year. The bank will see…


Poor jobs news and weak economic growth hopes balanced by…

The feeble job growth in the government's February employment report surprised economists and made the markets shudder, but the prospect…


President of factoring company seeks reversal of court order freezing…

The president of MX Factors, the Riverside-based firm accused of operating a Ponzi scheme, is seeking to overturn the court…


SME's funding vehicle speeds on for Welsh businesses

A flagship funding programme aimed at supporting the expansion of small and medium-sized enterprises has been given the green light…


EU unveils start-up commitments

The European Commission (EC) has published its blueprint for the future of enterprise in Europe. The Enterprise Action Plan describes…


EBRD to provide US$15m to develop leasing schemes in Russia

The European Bank for Reconstruction and Development (EBRD) will put US$15 million into a project to develop the leasing of…


Exports by SMEs rise for 5th year

Small- and medium-sized enterprises (SMEs) and venture start-ups are increasingly contributing to South Korea's exports. Venture start-ups' exports grew 23.8…


AGF's Euler Hermes net profit triples to meet target

Assurances Generale de France's credit insurance unit Euler Hermes said net profit in the full year 2003 nearly tripled to…


'RBS and NatWest stalked' Versailles

The disgraced former finance director of collapsed trade finance house Versailles claimed at Southwark Crown Court that the Royal Bank…


Coface announces markedly improved results for 2003

The Coface Board of Directors, which met on 2 March, has approved the 2003 financial statements. Consolidated turnover up 11.5%…


Factoring in Pisces

A newly named star appears in the night sky with the name ‘Factoring’, according to Mikhail Treyvish, chairman of the…


Euro interest rates remain at 2%

The cost of borrowing in the 12-nation eurozone is to stay at 2% for March - despite calls for reduced…


BoE holds the line on interest rates for now

The Bank of England has kept interest rates at 4.0 percent, a month after raising them by a quarter-point, but…


Outsourcing for SMEs

Specialist outsourcing company, Human Capital Support Services Limited (HCSS) has today announced the acquisition of Company Management Limited (CML). The…


Ex-Im bank approves US$60 million credit for Mexican utility

The Export-Import Bank of the United States (Ex-Im Bank) approved a US$60 million credit guarantee facility to back the purchase…


Acquisition of factor extends First National's lending presence to Arizona…

First Community Bancorp today announced that it completed its previously announced acquisition of First Community Financial Corp., or FC Financial,…


New factor and asset-based financier posts profit

Greenfield Commercial Credit (Canada) Inc. is pleased to announce that after only 7 months of full operations as a specialty…


Coface stock powers ahead on record results

Coface, the French credit insurance company, saw its shares deliver the best performance in the deferred settlement system (SRD) yesterday…


Grant Thornton strengthens regional presence of its recovery & reorganisation…

Business and financial advisers, Grant Thornton, today announced the appointment of Keith Hinds and Robert Caven as partners within its…


Government secures $17m from Siftel to promote SME growth

The government has secured a $17 million fund from the SIFTEL Bank of the United States to support and promote…


CBI warns Brown against further rise in business tax

The CBI employers' body is calling on the chancellor to simplify the business tax environment in his Budget speech this…


Improvements in the environment for SMEs

EU Member States have made progress in improving the small business environment in the three priority areas for 2003 of…


RBS Commercial Services backs Hugh Mackay Carpets MBO

Leading international carpet manufacturers Hugh Mackay Carpets is looking to the future with fresh eyes following a management buy out…


New risk management services company

The close of 2003 saw the dawning of a new company Atlantic RMS; born from a merger of Factoring UK…


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