BCR Latest News

SMEs still at the mercy of late payers

Small businesses in the UK are still experiencing money problems because of late paying customers, despite new legislation to stem…


US Bank Business Credit grants $20m asset-based facility to seafood…

US Bank Business Credit is the agent of a $20 million senior secured credit facility to Tai Foong USA, an…


Small business to get loans worth US$1bn

Vneshtorgbank will lend small- and medium-sized businesses (SMEs) US$1bn this year, said bank head Andrey Kostin after a meeting with…


Business failures at their lowest for two years

Business failures have fallen to their lowest level in two years, as business-to-business activity is set to overtake consumer spending…


Benfield brokers trade credit reinsurance treaty in China

Reinsurance intermediary Benfield Group plc said it placed a proportional programme for export and credit reinsurance in China that would…


Environmentally-friendly plant powers Malaysia with first-ever triple ECA support

An environmentally-friendly power plant in Malaysia, which received support from the Export Credits Guarantee Department (ECGD), is now successfully supplying…


Interest rates fall again

The Bank of Canada cut interest rates for the first time in almost five months yesterday, citing the combined impact…


Moody's – stable outlook for Intermarket Bank AG

Moody's has assigned A3 long-term and P-2 short-term deposit ratings and a C Financial Strength Rating to Intermarket Bank AG…


'False promises' made at Versailles

Carl Cushnie, the founder of collapsed trade finance provider Versailles Group, threw a Christmas party five years ago for the…


An interview with Mr. Miroslav Bernat, CEO of VUB Factoring

VUB Bank – a member of Gruppo Banca Intesa – through its subsidiary VUB Factoring, has been providing its clients…


Versailles Group director will testify for prosecution

The former finance director of Versailles Group will testify as a prosecution witness in the trial of Carl Cushnie, owner…


Exim Bank of India extends credit line to Sudan

Export-Import Bank of India (Exim Bank) has extended a US$50 million line of credit to Sudan. The credit line is…


Association to help SMEs get funds

The Association of Banks in Malaysia chairman, Dr Rozali Mohamed Ali, said the association welcomed the government's call to look…


EU aims to make life easier for cross-border SMEs

Despite making up the bulk of service providers, many small- and medium-sized enterprises (SMEs) are at the moment failing to…


Northern Ireland – Business activity and new order growth remain…

According to the December Ulster Bank PMI® survey of the Northern Ireland private sector economy for the month of December,…


Fortis Commercial Finance Limited appoints leading industry expert as managing…

Fortis Commercial Finance is delighted to announce the arrival of Tim Corbett as its new managing director. Tim joins Fortis…


China Construction Bank to focus on overseas business

China Construction Bank, one of the country's big four State-owned commercial banks, said yesterday it would put an emphasis on…


Business left baffled by new EU invoicing regulations

Business has been thrown into confusion following the launch of new European Union regulations that came into force on 1…


SMEs get P16.65bn in loans

Small- and medium-sized enterprises (SMEs) in the country received a total of P16.65bn (US$300m) in loans last year through the…


Improved access to finance for small businesses

The government has announced a series of measures to help small businesses overcome barriers to raising and accessing finance. Measures…


European textile industry feels the heat of Chinese imports

The European clothing and textile manufacturers’ association, EURATEX, is seriously concerned about the steep rise in imports from China. EURATEX…


Trading firm ventures with SMEs sought

The Siam Cement Group has expressed interest in a government initiative to establish trading companies to help promote small- and…


The King champions Spanish small businesses

King Juan Carlos of Spain championed small businesses during his official visit to Chile. In a meeting in Santiago between…


HSBC launches corporate banking centres to serve the mid-corporate sector

Today, HSBC Bank launches a new network of 22 Corporate Banking Centres throughout the UK aimed at the mid-corporate sector.…


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