BCR Latest News

ADB signs US$85 million loan to help SMEs

The Asian Development Bank (ADB) said it had signed a US$85 million export credit agreement with six Indonesian banks, including…


Muscat Finance profits up

Muscat Finance Company (MFC), a firm involved in debt factoring, leasing and hire purchase services in Oman, has reported a…


The Singing Machine Company in new credit agreement with Milberg…

The Singing Machine Company has announced that it has entered into a new credit agreement with Milberg Factors, Inc., New…


Euler Hermes signs a cooperation agreement with SINOSURE

In order to expand its presence in the Chinese market the Euler Hermes Group has entered into a cooperation agreement…


Coface country risk trends report improvement in industrialised country ratings,…

Country risk trends Although remaining above the level reached in 2000, the world country-risk index* declined 15% in the 2003…


Government accused of reneging on loan terms

Ecuador's government has moved the goalposts in its lending policy to the country's micro and small-sized business sector, according to…


Export credit insurers pressed to diversity into other services including…

The credit insurance industry can expect pressure to show greater flexibility, according to Jerome Cazes, group managing director for French…


Banks' long-term credit rating improving

Things are looking up in Turkey. The Fitch Agency, which issues international credit ratings, has upgraded both Turkey's credit rating…


Banks not fully equipped to lend to small-scale sector says…

Reserve Bank of India has said that banks are not fully equipped to promote small-scale enterprises and asked them to…


Bibby Factors appoints new operations director

Bibby Factors based in Slough and Bristol, a specialist provider of business cashflow has announced the appointment of Bobby Lall…


Versailles boss 'gave thousands to his helper'

Former Versailles finance director Frederick Clough bought his assistant a Saab convertible with the company's money, after she "fell in…


New business development managers for Bibby Factors West Midlands

Bibby Factors West Midlands, a specialist provider of business cash flow solutions, is pleased to announce the appointments of Andrew…


Higher audit threshold will not affect creditworthiness checks, says Experian

Experian®, the global business solutions company, has issued an assurance to banks, leasing companies and businesses that trade on credit…


Foreign banks licenced for yuan transactions, one to start factoring

Chinese financial authorities granted licences to four foreign banks on Friday, allowing them to carry out transactions in yuan directly…


Business failures could increase despite manufacturing recovery

Insolvencies among UK manufacturers could increase in 2004 despite positive signs of recovery in the sector, according to the latest…


Scots growth at near four-year high

Scotland’s economy is growing at the fastest rate seen in almost four years. The Royal Bank of Scotland (RBS) will…


EBRD and CEB lend 30m euros to support SMEs

CIB Bank, the Hungarian subsidiary of Italy's Banca Intesa Group, has received Ђ30m from the European Bank for Reconstruction and…


Business fears over email invoicing wide of the mark

A new European directive does not require small businesses to send and receive invoices by email, despite fears that firms…


Central bank cuts interest rates

As expected, Sweden’s central bank has reduced interest rates by 0.25 percentage points to the lowest level since the end…


“Bank replaced workers as preferred creditors in debt restructuring,” lawyer…

A company supplying shock absorbers to car makers had secretly imposed a "waterfront-style" corporate restructure to avoid paying almost $4…


Business optimism improving, IoD survey reveals

Optimism and performance of UK companies has improved over the past three months, according to a survey released today by…


JUSBP assists Petra Factory to attract European buyers

With the assistance of the Jordan-United States Business Partnership (JUSBP), the Zarqa-based Petra Factory was able to attract customers from…


DTI looks to revise November exports statistics

The Department of Trade and Industry (DTI) has insisted that Philippine exports grew by at least 18 per cent last…


Exim Bank of India to tie-up $75m credit lines to…

Export and Import Bank of India (EXIM) is to tie-up credit lines worth $75 million with five African and central…


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