BCR Latest News

Tax service gets tough on fake invoices

The National Tax Service is stepping up efforts to stamp out the trade in fraudulent invoices, which some traders use…


Hansabankas profit up 21.6 per cent

Lithuania's Hansabankas earned a net profit of LTL 61 million last year, up 21.6 per cent from LTL 50.1 million…


Euler Hermes consolidated turnover up 21.4% in 2003, factoring business…

Euler Hermes’ consolidated turnover amounted to Ђ1,864.2 million in 2003, up 21.4% * on 2002 published turnover, or up 1.9%…


Banks target SME sector

The European Commission in a report last year criticised Central and Eastern European countries for the state of the small-…


Fortis Commercial Finance appoints new client relationship manager

Fortis Commercial Finance has announced the arrival of Evette Martirossian into its Client Relationship Team. Evette joins as client relationship…


Factoring – Is this the finance option for your business?

Karan Bilimoria, the founder of Cobra Beer, is a cheerleader for factoring, which he says is ideal for an ambitious…


Arroyo earmarks US$358m for SME loans

President Gloria Macapagal Arroyo has earmarked the release of P20 billion (US$358 million) this year to small- and medium-scale enterprises…


Loan scheme's effectiveness to be probed

The government will today launch a nationwide review into the effectiveness of its small firm loans guarantee scheme following concern…


A simple step to help us love insolvency practitioners

Insolvency practitioners are the SAS of the accounting profession. The most exciting moment of the day for many accountants comes…


Factoring presentation by HSBC at MENA Trade and Export Finance…

HSBC was an official sponsor of the recent Middle East and North Africa (MENA) Trade and Export Finance Forum held…


UOB to leverage on niche in SMEs

United Overseas Bank (M) Bhd (UOB) plans to gain market share and enhance profits by building on its niche in…


Government measures strengthen SMEs

Ugandan Minister of State for Economic Monitoring, Omony Ojok said recently that the government has undertaken steps to ensure that…


FDA Residential Week announced

It has just been announced that this year's FDA Residential Week course will be held from Sunday, July 4th -…


Aston Rothbury Factors profits soar in 2003

Brentwood-based Aston Rothbury Factors Ltd has recorded a pre-tax profit increase of 308% at Ј262,625 for the year ending 31…


MarineMax expands asset-based credit facility

MarineMax, Inc., the nation's largest recreational boat retailer, has announced the expansion and extension of a $280 million credit facility.…


Mixed profits for UK businesses – Cattles SME survey

A recruitment company in the North West was the best business to have if you were looking to increase your…


Export-Import Banks of US and South Korea pledge cooperation

The heads of the Export-Import banks of the United States and South Korea this week signed a Memorandum of Understanding…


Public Bank posts record profit, SME loans up 14%

Public Bank Bhd has posted a record net profit of just over RM1bn for the financial year ended 31 December…


Irish EU Presidency looks good for small business

Ireland, which for the first six months of 2004 holds the Presidency of the European Union, has pledged to address…


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…


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