BCR Latest News

Lack of trade financing technology hits Africa's competitiveness

Africa's finance, planning and economic development and trade ministers warned yesterday that lack of access to trade financing information and…


PwC says banks catching up to meet Basel II

Malaysia’s 10 anchor banks ”are catching up” despite being two to three years behind Singapore banks and nearly five years…


SIDBI focusing on direct finance for SSIs and SMEs

The creation of an exclusive fund for small- and medium-sized enterprises (SMEs) and the outsourcing opportunities available to small-scale industry…


Sale of investment stake signals possible merger of two factors

Peter Webb, the head of Unicorn Asset Management, has built up substantial stakes in a series of the UK's smaller…


New factor enters market

HVB Factoring Ltd., a daughter company of HVB Bank Slovakia, will launch its business activities in the Slovak Republic in…


New Regional Manager for EUROFACTOR Thames Valley

Reading-based EUROFACTOR has announced the appointment of its new regional manager to help serve its expanding client base in the…


VC funding prospects are picking up

Robert Venes, editor of Venturedome, looks at recent reports of a boom in confidence in the venture capital sector, which…


Directors and auditors may get protection against legal claims

The British government is close to proposing measures to give directors and auditors protection against potentially catastrophic legal claims. Patricia…


Factoring industry profits plunge on higher costs

Profits at Mexico's 16 factoring companies fell 21.5% to 157m pesos (US$13.5m) in 2003 due, in part, to higher administrative…


New Enterprise Finance Europe team signs deal in first week

Enterprise Finance Europe (EFE), one of the UK's leading asset-based lenders, has celebrated the opening of its new office in…


Intercontinental Hotel hosts FDA’s annual dinner

The Factors and Discounters Association’s annual dinner 2004 was held in the Grand Ballroom of London’s InterContinental Hotel, Hyde Park,…


New trade finance product to reduce working capital costs, claims…

The developers of a new trade finance product claim it could reduce the working capital costs of small-and mid-sized enterprises…


Chile’s factors reap bumper returns

The four factoring companies registered with the Chilean stock and exchange commission (SVS) yesterday posted a combined profit of Pesos…


Fuel distributors to get credit insurance functionality online

John Reynolds, a UK provider of credit insurance services to commercial fuel distributors, has teamed up with BigOil.net, a specialist…


Low-priced scheme for financing exports welcomed

Mirza Ikhtiar Baig, the chairman of banking, credit and finance at the Federation of Pakistan Chambers of Commerce & Industry…


Sampo Bank to offer free consultation on EU structural funds

Sampo Bank in Lithuania will provide free consultation to private and public companies seeking assistance from EU structural funds. The…


GMAC Commercial Finance provides US$10m revolving credit facility to education…

GMAC Commercial Finance’s (GMAC CF’s) Retail Finance Group announced the closing of a US$10 million fully-secured revolving credit facility to…


Banco Espirito Santo sues over US$170 million factoring fraud

Banco Espirito Santo International Ltd (BES) sued accounting firm BDO Seidman on Tuesday, alleging it "rubber-stamped ... obviously false financial…


A code of practice for ratings agencies

Last month, the Association of Corporate Treasurers (ACT) and its US and French equivalents published an exposure draft putting forward…


EquiFin reports first quarter 2004 results

EquiFin, Inc. has reported revenues for the first quarter ended March 31, 2004 increased by 57.6% to US$643,000, compared to…


Reserve Bank of India interest rate decision

With political uncertainty still hovering over the country, the Reserve Bank of India (RBI) yesterday left the bank rate and…


Royal Bank of Scotland urges balance between new enterprise and…

The Royal Bank of Scotland (RBS) Group in conjunction with Company Reporting Limited have published a major new economic study…


Non-payment protection for Ecuador’s exporters

Equador's government is to introduce a new export loan insurance programme backed by French-based trade insurer Coface. State export promotion…


Stand-alone factoring a thing of the past – GECF Asia…

It’s a fact. The factoring industry here in Singapore is seeing fewer and larger players as the market for financing…


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