BCR Latest News

Company failures fall by over nine per cent during 2003

The number of limited companies failing in 2003 fell by 9.4 per cent compared with 2002, according to the latest…


No significant increase in 2004 budget for SMEs

Although the budget assigned to the Under-secretariat of Small- and Medium-Sized Enterprises (SMEs) of the Economy Secretariat will be similar…


New Coface Country @ratings released

To see the latest Country Ratings from Coface go to Global Analysis – Articles – 7 January 2004. Source: BCR


Delta takes over rival finance company

Financial group Grupo Financiero Delta has acquired 100% of local leasing company Capital Leasing & Finance for an undisclosed sum,…


Small business confidence soared in 2003

Four out of five owner-managers of small UK businesses believe their firms will be better off or remain the same…


EC unveils new measures for SMEs

The European Commission (EC) has launched 28 new Euro Information Centres (EICs), allowing more small businesses access to information on…


Deutsche Bank lends Kazakh Development Bank $2.8 m

Deutsche Bank London AG signed a $2.832-million credit deal in favour of the Development Bank of Kazakhstan to finance an…


Small enterprises allocated 42 million Leva in 2003

Credits of more than 42 m Bulgarian Leva were allocated to small enterprises under the Social Ministry's "Guarantee Fund for…


GBP 20 million Libyan debt settlement puts ECGD back on…

The Export Credits Guarantee Department (ECGD) is set to resume cover for UK exporters and investors to Libya after a…


GBP20 million Lybian debt settlement puts ECGD back on cover

The Export Credits Guarantee Department (ECGD) is set to resume cover for UK exporters and investors to Libya after a…


Lesco sells receivables, refinances bank debt, eliminates interest rate swap…

Lesco Inc. (Nasdaq: LSCO) has completed the restructuring of its debt. Lesco said the restructuring includes the sale, for US$58…


Factor Drops All Claims Against YP.Net's CEO; Angelo Tullo Exonerated

YP.Net™ (OTC BB: YPNT), a leading provider of Internet Yellow Pages and related services, announced today that New Horizon Capital…


Bibby Factors appoints new managing director

Bibby Factors West Midlands, a specialist provider of business cash flow solutions, has today appointed Andrew Dixon as managing director.…


ICBC (Asia) to merge with Fortis Bank Asia HK to…

Fortis (Fortis) has announced that the bank has signed a Sale and Purchase Agreement with Industrial and Commercial Bank of…


MFB makes first venture capital deal and boosts overseas investment…

The Hungarian Development Bank Rt (MFB) has made its first investment as part of its new venture capital activity. MFB…


KOTRA to provide more export opportunities for SMEs

South Korea's top trade promotion agency said Monday it will try to provide more export opportunities to small- and medium-sized…


Q3 2003 receivables finance figures are released, export leads the…

The industry's third quarter statistics for 2003 demonstrate that export factoring and invoice discounting has seen a period of sustained…


Jamaica to expand mobile network with EX-IM Bank-financed exports

Cable and Wireless Jamaica Limited (CWJ) is purchasing U.S.-manufactured cellular communications and equipment from Nortel Networks Inc., and eight other…


TMM closes extra certificates under receivables securitisation programme

Mexican transport conglomerate Grupo TMM has closed a further US$25 million of certificates under a receivables securitisation programme, worth a…


New loan guarantee fund to back setting up of small…

Prime Minister Costas Simitis has inaugurated a Ђ100 million public Loan Guarantee Fund for small- and very small-enterprises (SVSEs) employing…


Interest rate cut by 0.4%

Bank of Israel governor David Klein announced a 0.4 percent cut in the interest rates on 30 December, as was…


State aid for R&D favouring SMEs exempted from requirement of…

As of 1 January 2005 the new definition of small- and medium-sized enterprises (SMEs) will be integrated into the Commission…


HSBC Bank USA sells U.S. factoring assets

"HSBC's decision to exit the domestic factoring business was made as a result of our new strategic plan's emphasis on…


Hermes considers action to recover debt from Russian bank

Germany's Euler Hermes Kreditversicherungs (Hermes) credit insurance agency plans to sue bankrupt commercial bank Inkombank to recover past debts from…


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