BCR Latest News

The future’s bright for franchising

The future is looking decidedly rosy for the franchising industry according to the latest survey of potential franchisees and franchisors…


Factoring and the hidden Winding Up Petition

by Peter Sinnett, In-house Counsel, Bermans, Lawyers Bermans was recently involved in a difficult and unusual High Court application for…


Factoring and leasing portfolio up 16.6 per cent in 2003

The factoring and leasing portfolio of the members of the Latvian Lessors’ association grew 16.6 per cent, to LVL332 million…


Slovak Eximbank supported exports worth SKK 55 billion in 2003

Slovak Eximbank supported Slovak exports worth over SKK55 billion (Ђ1.36bn) in 2003. According to preliminary data, one third of supported…


FATF drops Ukraine from money laundering black list

The Financial Action Task Force on Money Laundering (FATF) has omitted Ukraine from its black list of non-cooperative countries. Full-scale…


The government's tax on dividends could cost SME owners up…

PKF is warning owners of small companies who take most of their income as dividends that the tax increases the…


Bridge Bank expands Capital Finance Group

Daniel P. Myers, president and chief executive officer of Bridge Bank, National Association, has announced that Scott Chamberlin, a 12-year…


4,000 companies closed in 2003

Sergio Garcнa de Alba, under secretary for small- and medium-sized enterprises (SMEs) of the Economy Secretariat, reported that 4,000 SMEs…


Accord factoring volume at record level in 2003

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


SME opinion split on enlarged EU

In just under three months, the 15 existing EU members will be joined by a further 10 states, drawn mainly…


Delay in new law affects financial intermediaries negatively

The delay by the Treasury Secretariat in defining a new law has setback the plans of specialised financial intermediaries, according…


New business development manager for Venture Finance

Venture Finance, the invoice and asset based financier, today announces the appointment of Mark Humphreys as regional manager for the…


Reforms of the taxation of asset finance would hit UK…

The Finance & Leasing Association (FLA) has published a report that highlights the economic impact of the government’s corporation tax…


Top tips for SMEs considering a MBO – Fortis Bank

Recent surveys have shown the economic outlook for 2004 is looking up. Certainly, the management buy-out (MBO) mid-market has been…


Commerzbank set to buy rival

Commerzbank will today announce it is buying Bavaria's loss-making SchmidtBank for between Ђ60m (US$75m) and Ђ70m, providing a glimmer of…


BLC to be the first bank providing micro-credit loans to…

Banque Libanaise pour le Commerce (BLC) will be the first bank in Lebanon to provide micro credit loans to small…


Economist advocates cheaper loans to help SMEs

Hernando De Soto, a Peruvian economist, at the invitation of President Gen Peervez Musharraf, delivered a lecture on Monday on…


FDA 2003 Q4 industry figures show volume increases across the…

The Factors and Discounters Association (FDA) has released industry figures for quarter four and full year 2003. Total client sales…


New regional director for the Midlands

Venture Finance has announced the promotion of Cliff Meek to regional director of Structured Finance in the Midlands, based in…


Franchises benefit Africa, US companies – Ex-Im Bank director

J. Joseph Grandmaison, a board member of the Export-Import Bank of the United States (Ex-Im Bank), described the benefits of…


JMH Demica introduces Citadel Factor to revolutionise the European factoring…

Prototype will be featured at BCR’s European Factoring Conference, Rome, 17-19 March JMH Demica today announced the launch of Citadel…


Trade finance – Export credit

China has two organisations providing official export credit support: the China Eximbank, which was established in 1994 and China Export…


HYSEA plans fund to help SMEs market products

The Hyderabad Software Exporters Association (HYSEA) is setting up a fund with support from state governments, non-resident Indians (NRIs) and…


Stake in Siam City Factoring sold

Siam City Bank has sold a 48.16 per cent stake (8,668,800 shares) held in Siam City Factoring at 0.35 bt…


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