BCR Latest News

Reserve Bank slashes repo rate to lowest since 1986

Prime lending rates are set to hit a 17-year low of 12 per cent after the South African Reserve Bank…


EXIM seeks to become core bank for international business

The Export-Import Bank of Korea (EXIM Bank) is seeking to become a core bank for international business, supporting the government’s…


Signs of recovery in the timber and paper sectors but…

Credit solutions company, Coface UK, has warned that the printing industry shows no sign of an upturn, although the paper…


Informal talks started concerning ERM II membership

According to the governor of the Hungarian National Bank (MNB), the MNB and the European Central Bank (ECB) have started…


Factor wins case against DaimlerChrysler attempt to write off sum…

DaimlerChrysler, the German-US car manufacturer, has been told by the Federal Supreme Court of Germany that it will have to…


Banks to tighten lending to smaller companies

With the nation's economic slump leaving a raft of companies behind on their debt payments, domestic banks are moving to…


Prudent regulations for SMEs next month

According to the State Bank of Pakistan’s (SBP) executive director, SBP Mansoor-ur-Rehman Khan, the bank will announce prudent regulations for…


SMEs should be more aware of impact of the euro

Irrespective of whether the UK decides to join the single currency, the euro-zone is already a practical reality for the…


RBS Commercial Services’ bad debt protection

More and more businesses using invoice finance are protecting themselves against bad debt caused by the failure of one or…


US Ex-Im Bank committed to expand Trade Finance for Eastern…

Export-Import Bank of the United States (Ex-Im Bank) president and chairman Philip Merrill provided a positive assessment of Eastern Europe's…


Solicitors are the first port of call when looking for…

A survey conducted on the Better Payment Practice Group (BPPG) website during September showed that solicitors are the most popular…


Sun starts to shine on SME manufacturing sector

The small-and medium-sized enterprise (SME) manufacturing sector recorded its highest levels of business activity and new orders since the end…


State-owned credit insurer may get exclusive rights

The state-run credit insurance company Lietuvos Eksporto ir Importo Draudimas (LEID), the Lithuanian Export-Import Insurance Company, is to be sold…


Tough times ahead, warns BoE governor

Britain faces tougher times throughout the coming decade, Mervyn King warned on Tuesday night in his first speech since taking…


Banks transfer to International Accounting Standard

The Russian Central Bank and Finance Ministry plan to recommend audit firms for International Accounting Standard (IAS) reports, Central Bank…


Adoption of Euro in 2009-2010

The government yesterday approved a strategy for adopting the euro in 2009 or 2010. The prerequisites for the transfer to…


How tax reforms will impact on SMEs

Government proposals for corporation tax reforms will affect every company in the country and small and medium sized enterprises (SMEs)…


State Minister expects end-2003 exports at $45bn

Kursad Tuzmen, the State minister responsible for foreign trade, expects exports to reach $45bn and imports to stand at $64bn-$65bn…


Small firms to get help in going North

The Korea Federation of Small and Medium Business said on Monday (13 October) that it has formulated an arrangement with…


Fortis Bank signs two “multi-sourcing” framework agreements

Fortis Bank has signed two new “multi-sourcing” framework agreements of Ђ50 million each with Vietindebank and Vietcombank. These agreements were…


ACCA announce seminars on good accounting management for SMEs

ACCA (the Association of Chartered Certified Accountants) Hong Kong is holding a series of free seminars and talks to be…


Factoring sector reports US$9m profits for Q2, up over 28%…

Mexico's 16 factoring companies reported consolidated net income of 101 million pesos (US$9.03m) during the second quarter 2003, up 28.7%…


NAB Business Conditions Survey confirms a strong economy despite 2-point…

The Australian economy is showing unrelenting strength, with forward orders and capital expenditure accelerating in trend terms through the September…


Small Business Administration programme to lure more minorities

The Small Business Administration (SBA) has entered into agreements with a pair of minority business groups to try to increase…


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