BCR Latest News

Survey highlights accountants’ views on invoice finance

When recommending an invoice finance supplier, professional advisors’ top three considerations were, in order of importance: to be part of…


Trade deficit up 44.4% in 9 months

The year-on-year foreign trade deficit increased 44.4 per cent to $15.4bn in the first nine months, the State Institute of…


Central bank hikes intervention rate

Romania’s central bank board has decided to increase by one percentage point to 21.25 per cent its intervention rate in…


ADB to lend Pakistan $170m for SMEs

Asian Development Bank (ADB) will lend Pakistan US$170m to develop small- and medium-sized enterprises (SMEs) in the country, Small and…


Minister re-defines SME turnover limit and hails mooted rise in…

Moves to raise the audit threshold for small companies to Ј5.6m have been welcomed by the Secretary of State for…


Federal Reserve sees steady growth ahead

Federal Reserve (Fed) officials said on Friday that healthy US economic growth looks likely to continue, but low inflation means…


Changes in Hungary’s venture capital scene

The president of the Hungarian Venture Capital and Private Equity Association (HVCA) Juliбn Tzvetkov, says he expects fundamental changes in…


Euler Hermes to offer export credit insurance

The Brazilian credit insurance unit of German insurer AGF, Euler Hermes, plans to offer credit insurance for export operations in…


BECI insures exporters

Botswana Export Credit Insurance (BECI), a 100 per cent subsidiary of the Botswana Development Corporation (BDC), was set up to…


Capital Factors claims US$30 million fraud by client

Capital Factors of Boca Raton claims it lost US$30 million because of fraudulent transactions arranged by a New York City…


Small businesses turn to credit unions

Jamaica's small business community is looking more to the financial services offered by local credit unions rather than those of…


SMEs starved of finance

After a report quoted the loan rejection rate for China’s small- to medium-sized enterprises (SMEs) as 56 per cent, Ou…


Merchant Trade Finance and Merchant Commercial Finance results

Trade finance companies Merchant Commercial Finance Limited (MCF) and Merchant Trade Finance Limited (MTF) have published their financial statements for…


Caisse d'Epargne begins integration of SME and operations including factoring…

CNCE, the central bank that heads the Caisses d'Epargne network of French government-owned, not-for-profit savings banks, confirmed yesterday that it…


US unfolds capacity-building initiative for SMEs' development

Convinced that a necessary focus on, and improved performance of, small- and medium-sized enterprises (SMEs) remains essential to Nigeria's economic…


European venture investment declines in Q3

In the third quarter of 2003, Ђ616 million were invested in 191 deals, according to the joint European venture capital…


Afghan private bank to finance small businesses

The First Micro Finance Bank of Afghanistan, one of the first commercial banks in the post-conflict country, will help would-be…


Online advisory network targets SMEs

An initiative has been launched by some of Australia's top capital and corporate advisory services to utilise the Internet to…


Direct foreign investments grow about 63.3%

Direct foreign investments (DFI) in Ukraine grew by 63.3% ($741.6m) in January-September, the State Statistics Committee announced. The total volume…


Fund shifts focus to medium-sized enterprises

Wiwan Tharahirunchote, president of One Asset Management, said the fund was aiming to use 50% of its funds to set…


Crйdit Agricole reports growth in Q3 net profits as factoring,…

Crйdit Agricole, the French mutual bank, yesterday shrugged off analyst worries about its ability to keep pace with the recovery…


Broadcastle moves towards invoice discounting

The decision by specialist bank and finance group Broadcastle to focus on business-to-business work is paying off. Moving away from…


Latvia's factoring and leasing association members’ portfolio up 10% in…

According to association data, factoring portfolio of the association members as at 1 October was 33.5 million lats, down 7…


Insuring your exports against political risk

A lot of things can go wrong with export transactions in global markets. At the San Diego District Export Council…


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