BCR Latest News

Loans to small firms hits W36,000bn

The amount of loans extended by local banks to small and medium-sized firms (SMEs) grew significantly during the first 10…


SMEs offered access to EU billions

The Sixth Framework Programme, known as FP6, is the EU's main way of providing funding for collaborative research and innovation…


Bank of England increases the cost of borrowing

The Bank of England has raised interest rates to 3.75% - the first rise in almost four years. The previous…


Slovak EXIM Bank increases support for exports

State-run EXIM Bank plans to support exports worth 60.5 billion Slovak Crowns (SKK) in 2004, which makes up 7.5 percent…


USAID to guarantee loans given to Vietnam’s SMEs

The US Agency for International Development (USAID) has agreed to support loans to small- and medium-sized enterprises (SMEs) in Vietnam,…


Caisse centrale Desjardins and Northstar partner to support export SMEs

Export SMEs can now benefit from additional export financing services through a new agreement reached between Caisse centrale Desjardins, Desjardins…


KBK Capital Corp confirms sale of its factoring business

KBK Capital Corp. of Fort Worth has confirmed it has sold its factoring division to Marquette Financial for an undisclosed…


HSBC launches on-line trade credit insurance service for small firms

HSBC Insurance Brokers has launched Cover Credit, a real-time, interactive on-line trade credit insurance service for small- and medium-sized businesses…


Corporation tax revamp will hit smaller businesses says ACCA

ACCA (the Association of Chartered Certified Accountants) warns that UK businesses - especially small- to medium-sized enterprises (SMEs) - will…


Money laundering threatens economy

Money laundering poses a serious threat to South Africa's democracy and governance which have been hard earned, says the National…


Exim Bank signs an accord with Brazilian bank

Romania’s Exim Bank said it has signed a cooperation accord with Brazil’s Bank for Economic and Social Development. “The accord…


Central bank lowers intervention rate

Romania’s central bank board has decided to lower its intervention rate by 0.06 percentage points to 20.19% in a move…


Only one bidder for Konzumbank

The sole offer for Konzumbank, made by the Hungarian Foreign Trade Bank Rt (MKB), was unanimously accepted by the board…


Mixed bag for SMEs in BoE report

The Bank of England's latest investigation into conditions for small businesses has turned up a 'mixed picture' of results. The…


Factoring portfolio soars 39% in 9 months

The aggregate factoring portfolio of the members of the Lithuanian Leasing Association (LLA) grew by 39.1 per cent during the…


CIT sets up Dublin European hub

CIT Group, the US-based commercial and consumer credit finance firm, announced yesterday that it is to centralise its European operations…


Banks not prepared to take risks to lend to small-scale…

The Reserve Bank of India’s (RBI) 7 per cent GDP growth is not achievable if banks are not prepared to…


Survey prompts call for urgent review of late payment legislation

Legislation brought in last year has made little impact on the UK's chronic problem of late payment, a survey by…


Slovakia to introduces tax reforms in 2004

From January 2004 the corporate tax will decrease to 19%. Currently, employees and self-employed pay progressive taxes between 10% and…


Community Habitat Finance Romania a competitor for local SMEs banks

Community Habitat Finance (CHF), the Romanian branch of Community Habitat Finance International - a nonprofit American organisation, launched a finance…


Reserve Bank of India ‘plays safe’ and leaves interest rates…

India's central bank, the Reserve Bank of India (RBI), has left interest rates unchanged at 6%, but raised its forecast…


Prevention and defence of money laundering cases in Italy

The focus of Italy's legislative efforts against money laundering has been on organised crime and the banking industry, although the…


Sharp rise in number of small business failures

The number of small businesses going bankrupt is set to hit the highest level in a decade, the Conservative party…


FDA conference programme published

Detailed conference programmes and conference guidance notes have now been issued to all those who have registered for the FDA…


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