BCR Latest News

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…


UK secures higher OECD environmental standards for scrutinising capital goods…

More stringent environmental standards for assessing capital goods exports will come into force following a successful campaign by the UK’s…


Entrepreneurs recruit Cattles Invoice Finance

Hull-based recruitment firm, The PSR Group, has undergone a management buy-out (MBO), led by Aisling Murray and Jayne Beardshaw with…


Central bank to keep rates stable; pledge of greater funding…

The central People's Bank of China's (PBOC) monetary policy committee has opted to maintain a prudent monetary policy stance in…


Small business economic indicators rise

The National Federation of Independent Business's (NFIB) monthly index of small-business economic indicators increased by 1.3 points in November to…


A tale of overzealous central banks

An article by Desmond Lachman, a resident fellow at the American Enterprise Institute. In setting interest rates in a floating…


Shake-up for business support funds

The relationship between business and government is not easy at the best of times. But it has been particularly difficult…


Amef predicts good year for leasing companies in 2004

Mexico's financial leasing companies are in for a good year in 2004 irrespective of whether congress approves fiscal and energy…


Calpia announces name for new bank in 2004

Salvadorian finance company Calpia will start operating as a bank in January 2004 under the name Banco ProCredit, according to…


Money laundering diploma set for go

The British Bankers Association (BBA) has launched a new diploma course to recognise professional standards in money laundering prevention. The…


More opportunities for SMEs

A Salonic Stock Exchange proposal offers greater encouragement to Romanian small- and medium-sized enterprises (SMEs) through a newly signed agreement…


Premier vows to help SMEs to survive

Premier Yu Shyi-kun said that he will do his utmost to help small- and medium-sized enterprises (SMEs) to upgrade their…


Crippling budget cuts at Danish Export Council

The Danish Export Council is bracing itself for crippling cutbacks, despite the success of its export pushes abroad, according to…


Business life in the fast lane

Nearly two-thirds (60 per cent) of UK businesses have grown their turnover in the last 12 months, with almost a…


Minister advices SME banks to reduce interest rates

Liaquat Jatoi, minister for industries and production, said Wednesday that the mark-up charged by the Small and Medium Enterprise (SME)…


Cattles Invoice Finance add to growing Scottish team

Glasgow based Cattles Invoice Finance has strengthened its management team with the appointment of Mandy Butler as client manager for…


BNDES increases small business lending

Brazil's national development bank BNDES boosted its lending to micro- and small-size enterprises by 20% to more than 10bn reais…


EBRD leads first syndicated loan

Bosnia and Herzegovina received on Wednesday its first syndicated loan, which would introduce international commercial banks to the country’s banking…


Government’s poor support irks SMEs

Small- and medium-sized enterprises (SMEs) are disappointed with the negligible level of government support to the sector. Zambia Chamber of…


Working group recommendations on Quebec government’s role in venture capital

Pierre Brunet chaired the working group on the Quйbec government's role in venture capital at the behest of the minister…


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