BCR Latest News

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…


Cattles IF backs Hull security start up

Hull entrepreneur Garry Ireland has set up a specialist security services firm, Humber Security Services, with funding from Cattles Invoice…


Factoring companies report Q3 profits up 30%

Mexico's 16 factoring companies reported consolidated net income of 153m pesos (US$14m) during the third quarter of 2003, up 30%…


United Finance net profit up 10%

United Finance Company SAOG (UFC), one of the fastest growing non-banking financial institutions in Oman and the Middle East, has…


Upturn in UK economy reopens North-South divide

The steady acceleration in the UK economy, which began in the spring of last year, is beginning to have an…


EXIM to become core bank for international business

The Export-Import Bank of Korea (EXIM Bank) will focus primarily on opening up new markets in developing countries and expanding…


Polish factoring turnover rises in 2003, more expected in 2004

Turnover in Poland's budding factoring market grew almost 18% to Zloty 12bn in 2003, said officials at the industry's Factoring…


Government to make digital signature a reality for exporters

The Indian government will unveil a new initiative for exporters on 28 January under which digital signatures will become a…


Moody's rating for Banorte factoring and leasing subsidiaries

The Mexican subsidiary of international ratings agency Moody's has assigned the factoring and leasing subsidiaries of local financial group Banorte…


Eurofaktor aims to double profit in 2004; seeks a passive…

Eurofaktor, a factoring company, is planning to purchase invoices worth over ZL1bn and to make a ZL6m profit in 2004.…


Number of big fraud cases almost doubles

Britain's fraud boom accelerated last year as the number of big cases almost doubled, according to a report published yesterday.…


World Bank launches Small Grants Programme

The World Bank Sofia Office has announced the start of its Small Grants Programme 2004 in Bulgaria. The Small Grants…


I was deceived, says Cushnie

Lawyers for Carl Cushnie, the founder of collapsed FTSE 250 company Versailles, said the executive chairman had himself been deceived…


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