BCR Latest News

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…


Commerzbank discusses cooperation on SME banking

Commerzbank is considering kicking off the long-awaited consolidation of the German banking market with an acquisition of regional bank Schmidtbank.…


Leasing finance companies set for lending boom

Mexico's financial leasing companies should issue 12bn pesos (US$1.09bn) in new loans in 2004, up 71% from an estimated 7bn…


Fed hold rates steady, drops ‘Considerable Period’ outlook

Federal Reserve policy makers unexpectedly dropped a commitment to hold interest rates low “for a considerable period” while voting to…


Ex-Im Bank supports US aircraft export to Thai Airways

The Export-Import Bank of the United States (Ex-Im Bank) has approved a US$244 million long-term guarantee to support the export…


Think tank report asks why Revenue targets small firms

The latest quarterly report from the Tenon Forum, an independent think tank made up of leading entrepreneurs from the UK's…


Exporters will get to hedge trade risk

The mini-Exim Policy today raised the equity base of the Export Credit Guarantee Corporation (ECGC) of India by Rs 300…


Metro Cash – The cash flow stress buster

For the 4 million people running their own small business in Britain, one of the biggest causes of stress is…


Norges Bank reduces interest rates

Norway's central bank cut its key interest rate yesterday by 25 basis points to a new record low 2.0 per…


Political risk costing the world economy US$800 billion

Globalisation is expensive, and is costing the world more every day. Aon Corporation's Trade Credit and Political Risk practice group…


Debt knell for Ceska Konsolidacni Agentura

Bohuslav Sobotka, the finance minister, says that the cabinet has approved the ministry’s proposal to wind up the state-owned debt-factoring…


Plant builder helps arrange SME loan packages

JCM Engineering Concept Co, a factory construction company, has set up an arrangement with banks to finance the building of…


Versailles witness admits lying to firm's banks

Fred Clough arrived at Southwark crown court yesterday to give evidence against his former Versailles boss, Carl Cushnie Fred Clough,…


Hansabankas appoints CEO of Hanza Lizingas

Andrius Urbonas, formerly the factoring director of Hanza Lizingas, a subsidiary of Hansabankas, is appointed as CEO of Hanza Lizingas.…


New appointments at Bibby Factors Northeast and Yorkshire

Bibby Factors Northeast is pleased to announce today the appointment of Terry Brown as head of sales. In his new…


New sales and marketing director for Bibby Factors Slough

Bibby Factors based in Slough and Bristol, a specialist provider of business cashflow solutions, has today appointed Julie Ashmore as…


Cashflow a problem for small business

Cashflow has emerged as the biggest concern for South Australian small businesses, according to a survey carried out by Intrinsic,…


Merged asset-based lending businesses name new leader

President and chief executive officer of Fleet Capital Corporation, James G. Connolly, has been tapped to lead the combined asset-based…


Key Capital Factoring Inc. changes its name

Last year, Key Bank and Trust changed its name to K Bank, after a lengthy lawsuit over the Key name…


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