BCR Latest News

Alpha Bank reports 34pc increase in factoring

Alpha Bank, the Greek finance group and owner of the country’s largest factor – ABC Factors – has reported a…


SME cash flow crisis – banks told to give firms…

The Financial Supervisory Commission (FSC) has this week pressed financial institutions not to aggressively retrieve loans extended to small- and…


Credit insurer guarantees Ђ40m import finance deal

Hermes, the credit insurer, is to cover a Ђ40m import finance deal between Russian bank Vneshtorgbank (VTB) and German finance…


GE Commercial Finance invests US$220m in India’s mid-market sector

GE Commercial Finance (GECF), the business-to-business financial services arm of US conglomerate General Electric, said it will invest up to…


Government to spend US$80m to aid SMEs

The Korean government yesterday unveiled a set of measures aimed at bolstering the competitiveness of small- and midsize enterprises (SMEs)…


Commercial finance portal appoints relationship manager

Xbridge, the commercial finance portal, has appointed an e-commerce manager to oversee relationships between mid-market clients, factors, asset finance providers…


Chasing unpaid invoices – advice on hand from payments group

The Better Payment Practice Group (BPPG) has provided new guidance for businesses struggling to get paid by customers who seem…


Bolero automates Letter of Credit service

Financial supply chain platform Bolero has extended its Web-based trade finance suite to incorporate Letter of Credit Advices. The service…


Interest rate hike will wreck SME growth, finds UK factor

Small businesses fear that further hikes in interest rates will prove disastrous for their firms, according to UK factoring and…


Largest independent factor targets low-cost import factoring

Canbank Factors, India’s largest independent factor by market share, is planning to offer import factoring in the country, as a…


Slovak exporters to sell receivables to Italian factor

UniBanka will start taking over the receivables of Slovak exporters to Italian customers. The bank will purchase receivables maturing within…


China’s EXIC steps in with US$29m credit insurance for Uzbekistan…

China’s Export-Credit Insurance Corporation (EXIC) will provide US$29m in credit insurance, which will cover the financing of a soda plant…


Taiwan financial giant to explore factoring business in China

Taishin, the Taiwanese financial services group, has said it will seek potential opportunities with foreign banks to develop a factoring…


GE offers US$17m in distribution finance for US corporate

GE Commercial Distribution Finance (GECDF), the supplier finance unit of GE Capital, has agreed to expand the distribution finance facility…


FDA diploma second registration period for 2004 approaches

Developed in association with the Institute of Financial Services (ifs), the FDA Diploma is comprised of two Distance Learning Modules…


Bank of Maharashtra eyes factoring business

The Bank of Maharashtra is set to enter the factoring and forfeiting segment, which is a new concept in India,…


Atradius in the black for 2003

Credit insurance and management group Atradius has reported a Ђ17.5m (US$21m) profit after tax for 2003, a clear turnaround after…


Business outlook improving – Ecostat

Large companies were a little more cautious about their economic outlook in June, but SMEs remained optimistic, according to a…


Measures to cool economy further restrict SME funding sources –…

The Chinese government's measures to cool the economy have further restricted the already limited financing channels for small- and medium-sized…


CBI questions government commitment to export credit support

CBI director-general, Digby Jones, has questioned the government's sustained commitment to globally competitive export credit support following Trade and Industry…


Rough justice for Dynamic’s shareholders

Shareholders in Dynamic Commercial Finance can be justly peeved by a ruling from the Takeover Panel that has effectively restricted…


St George Bank appoints head of Scottish Pacific Business Finance

St George Bank Ltd has appointed a new head of its Scottish Pacific Business Finance and Business Customers units. The…


RPP interest rate decision announced

The Monetary Policy Council (RPP) has increased interest rates by 50 basis points, which means that the prime indication rate…


BoE defends hawkish stance on interest rates

The deputy governor of the Bank of England yesterday sought to justify the Monetary Policy Committee's approach to raising interest…


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