BCR Latest News

Bank of England raises rates

The Bank of England raised its main interest rate today for the second time in three months. The quarter-point rise…


SME business loan demand rise, a sign of growing confidence

A survey by the US Federal Reserve (The Fed) reveals that a net 22% of US banks saw increased loan…


Serbian companies lack funds for financing export production

The main reason identified for the big foreign-trade deficit in the past year is the inability of companies to find…


Shipowner boosts stake in debt collection agency

John Fredriksen, best known for being the world's largest tanker owner, has boosted his stake in debt collection agency Aktiv…


Audit change for SMEs has a bright side

Following the warning from the Forum of Private Business (FPB that new small-firm audit regulations could put directors' homes at…


Factoring in the US, EIU report

Factoring slumped 20% to a volume of US$115bn in the US in 2002 compared to the previous twelve months, according…


Versailles never generated a profit in nine years, court told

Versailles, the trade finance company which collapsed in 2000 owing Ј70m to its banks, made no money whatsoever from the…


Anfac calls for factoring regulation

Chile's factoring industry would only become subject to official state regulation if the companies concerned were to begin to handle…


Growth of output and new orders remains significant in January

January’s seasonally-adjusted CIPS/Reuters Purchasing Managers' Index (PMI) – a composite indicator designed to provide an overall view of conditions in…


Ex-Im Bank’s 2005 budget

President Bush's fiscal year 2005 budget request for the Export-Import Bank of the United States (Ex-Im Bank), which the Administration…


New system of guarantees will satisfy more applicants

The main goal of the Slovak Guarantee and Development Bank (SGDB), Inc. this year is more capital issued to effectively…


New joint factoring venture announced

BZ WBK Faktor, owned by BZ WBK bank and Bibby Factors, the Polish unit of the UK’s Bibby group, will…


Cushnie firm 'received Versailles cash'

Carl Cushnie, founder of the collapsed FTSE 250 company Versailles, channelled more than Ј610,000 in payments from within the group…


SME confidence bounces back in January

Small- and medium-sized enterprises (SMEs) confidence was up two points to 46.7% in January, showing an unmistakable recovery from its…


EUROFACTOR gets Sony approval to fund MBO

EUROFACTOR, the Reading-based business finance experts, have announced their most recent high profile deal by helping to fund the management…


Time to get financial reporting right for SMEs

Small- and medium-sized enterprises (SMEs) are vital to the EU economy and high-quality, transparent financial reporting is important for them…


Banco de Chile report solid performance from factoring unit in…

Banco de Chile has posted net income of 130bn pesos (US$220m) for last year, up 146% compared to 2002 on…


Factoring firms – a report

About 25 providers in Australia offer cash-flow finance, in the form of both invoice discounting and factoring, where the factor…


State Bank of India close to finding partner

The State Bank of India (SBI) is close to completing a search for strategic foreign partners for its factoring, asset…


Direct investment in fixed assets rise

Direct investment in fixed assets at Russian companies increased 12% in 2003 to US$72 billion, according to early figures. Foreign…


FDI growth slows in 2003

Foreign direct investment (FDI) in Lithuania rose 3% in 2003 to 13.6 billion litai (LTL), according to the Lithuanian Statistics…


Steelmaker seeks bankruptcy protection to restructure with syndicated finance

Stelco, Canada's largest steelmaker, announced yesterday that it will seek bankruptcy protection as part of efforts to restructure its money-losing…


Facing the challenges of the Financial Services Charter

Last year was very interesting in the South African (SA) debtor financing industry, which continues to be extremely dynamic. The…


New competitor enters SME finance sector

A new Germany-based company will soon join the local banking sector when it opens the first Mexican office of Deutsche…


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