BCR Latest News

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…


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…


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