BCR Latest News

Securitisation – status and prospects

To date, it appears that no securitisation of receivables, whether domestic or cross-border, has been accomplished in Russia due to…


ECGC pays out Rs31 crore towards guarantee claims

Export Credit Guarantee Corporation of India Ltd (ECGC) has paid seven large value guarantee claims totalling Rs31.10 crore due to…


Hermes wants to expand business in Kazakhstan

Germany's export credit insurance agency Hermes is interested in expanding its business in Kazakhstan, according to Hermes’ representative, Andreas Gehring.…


Fortis Bank signs a “multi-sourcing” framework agreement of 250 million…

On 21 November 2003, Fortis Bank signed a new “multi-sourcing” framework agreement of Ђ250 million with Vneshtorgbank, Russia’s second-largest bank…


UK factoring software business bought by Canadian firm

It has just been announced that UK software and recruitment company Highams Systems Services has sold its Business Solutions (HBS)…


US Bank offers SBA loan programme that invests in challenged…

US Bank, in conjunction with the US Small Business Administration (SBA), is rolling out a new loan programme geared for…


Sites for start-ups

By Guy Clapperton Starting a new company, it's easy to imagine there's nobody there to help. Come to think of…


Economy surged in Q3

The US economy surged in the third quarter, growing even faster than originally thought, according to government data released on…


Supreme Court set to lay down the law on bad…

A year ago, the banks were given tough new powers to foreclose on the assets of bad debtors under new…


UPS introduces synchronised commerce business solution for SMEs

United Parcel Service Sdn Bhd (UPS) is focusing on small- and medium-sized enterprises (SMEs) to promote its business solution, known…


Canada and Hungary sign agreement to cooperate on exports

Deputy chairman in charge of international markets at Export Development Canada (EDC) Henri Souquieres, head of the Central Europe department…


Global business intelligence for commerce

The Economist Intellegence Unit’s (EUI): ViewsWire is a business intelligence service updated daily on developments in over 180 countries and…


Big banks hog small business

A rush of new players and products has barely dented the dominance of Australia's big four banks in the $80bn…


Business owners show optimism about economy

Hong Kong business owners have shown a dramatic swing to optimism about the local economy, with the confidence index increasing…


Planned merger to leave single financial market overseer

The four bodies currently overseeing the Czech financial market will gradually merge over the coming years, resulting in one institution…


APEC SMESA founded to help region’s SMEs

Nineteen service agencies from the Asia Pacific Economic Council (APEC) have announced the founding of the APEC Small- and Medium-sized…


New chairman for SME bank

The French state-controlled bank for SMEs has appointed as chairman, Jean-Pierre Denis, former head of Dalkier, a subsidiary of French…


Calpia to become bank in January 2004

Finance company Calpia will become a bank in January next year according to Calpia general manager Silke Muffelmann. As a…


EBRD report upbeat about economy but criticizes bankruptcy laws

The European Bank for Reconstruction and Development (EBRD) has identified flaws in the legal framework for business and the bankruptcy…


Small business index up; 'very strong' Q4 likely

The National Federation of Independent Business' (NFIB) monthly index of small business economic indicators jumped 2.1 points in October to…


Cattles funds MBO with invoice finance deal

Cattles Invoice Finance has funded the management buy-out (MBO) of Bradford-based Slimline Windows Limited, manufacturers and installers of new pvc…


Fortis Group reports improved operating performance and significant recovery of…

The Fortis Group have released figures for Q3 2003 showing net profit of Ђ677m, an increase of Ђ2.3 billion on…


New Zealand business owners less optimistic than Australian in business…

New Zealand business-owners are not nearly as confident about the economy as their Australian counterparts, according to the results of…


Cattles Invoice Finance reports Ј1.7m profit in 2002

Cattles Invoice Finance Group (Cattles IF) has recorded a pre-tax profit of Ј1.78m (Ј1.30m: 2001) and a gross income figure…


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