BCR Latest News

First Factoring and Venture Capital seal partnership deal

The First Factoring Company of Zimbabwe (FFCZ) has entered into a partnership with the Venture Capital Company of Zimbabwe (VCCZ)…


World Bank approve $3bn aid for economic growth and WTO…

The World Bank board have approved an aid strategy for Ukraine in 2004-2007, envisaging loans of up to $3 billion,…


Harvey-Jones hits out at 'criminal' late payers

Companies that do not pay small suppliers on time are contributing to the high failure rate of startups and should…


Amendments to the Portuguese Securitisation Law

The Portuguese government has introduced several changes to the 1999 Securitisation Law with a view to improving the domestic securitisation…


Central and Eastern Europe an open door for business opportunities

Capping a decade-long drive to build market-based economies on Communism's jagged ruins, eight former Iron Curtain countries, along with Malta…


Ex-TMB chief sets up SME financial consultancy

A veteran of nearly 30 years in financial markets and former chief of three commercial banks, Somchai Sakulsurarat is too…


CIT Group posts 10% earnings jump

Livingston-based commercial and consumer-finance company CIT Group Inc. posted a 10 per cent jump in third-quarter earnings, citing gains in…


SME strategy and 30bn dinars allocated for economic development

Serbian Prime Minister Zoran Zivkovic announced during a regular press conference that a strategy for the development of small- and…


Factor 21 reports profits soaring in 2003

Factor 21 plc, a privately-owned factoring company, have reported pre-tax profits for the year to 30 June 2003 of Ј191,669,…


Banks' efforts to dispose of bad assets may fail without…

The banking industry's effort to dispose of its bad assets via the special purpose vehicle route is doomed to fail…


Amlin acquires renewal rights to the trade credit insurance portfolio…

Amlin plc , a leading Lloyd's insurer, has announced today that its managed Lloyd's Syndicate 2001, through its service company,…


Commission approves cooperation actions of Ђ38.8 million for Nicaragua, Mexico,…

The European Commission has approved funding of Ђ38,761 million for cooperation and external aid operations in Mexico, Brazil, Nicaragua, Argentina…


Growth of SMEs crucial to Brunei's development

Small- and medium-sized enterprises (SMEs) have proven resistant and less vulnerable to the shocks of the economic and financial crisis.…


More than 10,000 Sabah SMEs get loans under Micro Credit…

A total of 10,314 applicants in Sabah have benefited from the Micro Credit Scheme in which RM24.6m had been approved…


Supervisor of Banks to restrict overdrafts in favour of cheaper…

Supervisor of Banks, Yoav Lehman, is drafting new guidelines for banks that will reduce drastically the availability of overdrafts on…


EU entrants may have to wait for euro

Some of the 10 nations due to join the European Union in May 2004 might lack the budgetary discipline that…


President replaces Bancomext CEO

Mexican President Vicente Fox has named Hector Reyes Retana as the new CEO of Exim bank, Banco Nacional de Comercio…


New study reviews internal barrers to small business growth

How a company finances, plans and manages its business and human resources plays a significant role in determining the likelihood…


Seylan Bank interest rates cuts benefit SMEs

Seylan Bank has reduced its lending rates ranging from 0.5% to 1% per annum with effect from 1 November. The…


Regulations fail to speed up new business procedures

The quality of the regulatory framework in Mexico registered an improvement of 8.3 percentage points from 50.2% in 2001 to…


Unilizings leasing and factoring portfolio grows to 100m lats

Latvia's Unilizings company’s leasing and factoring portfolio has reached 100 million lats (Ђ153.4m) after nine months of this year, rising…


Bank Negara sets up special unit to assist SMIs

Bank Negara Malaysia (BNM) has set up a special unit to overcome the debt problems incurred by small- and medium-sized…


Legal and policy measures for new ventures discussed to support…

At the beginning of this year the SME Promotion Regulation was put into effect to tackle the problem. Also, the…


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