BCR Latest News

Dr Kбroly Martinkу announces launch of AKKORD VF receivables finance…

A new Hungarian receivables finance company, AKKORD VF Venture Finance, has been launched by Dr Kбroly Martinkу. Until last January…


Nafin and Bancomext to merge

The state credit organization (Nafin) and National Foreign Trade Bank (Bancomext) will merge this month in a move aimed to…


Commercial lenders predict the economy will improve during first half…

Commercial lenders across the nation believe the economy will continue to slowly improve during the first half of 2004, but…


Capital Factors allege misrepresentation of Cosmopolitan Gem Corp’s account receivables,…

Jewellery-store chain Friedman's Inc. said Thursday (2 October)the U.S. Justice Department is investigating a dispute over accounts receivable. Nearly three…


CIT Commercial Services acquires US factoring assets from GE Commercial…

CIT Group Inc. announced today that its Commercial Services business unit has acquired a substantial portion of the U.S. factoring…


Poland sees US$ 2.53 bn in FDI

Poland saw foreign direct investment (FDI) of US$ 2.53 bn in the first half of 2003 against US$ 3.2 bn…


Company fraud legislation is 'failing' as more than half of…

Financial and legal experts have warned that the government's effort to halt the rising tide of business fraud is failing…


Businesses continue to trust in the economy

Positive news was received on Tuesday (30 September) regarding the Finnish economy. Businesses expressed firmer confidence in the future in…


Bank-owned factoring subsidiary integrates with parent

Century Business Credit Corporation, one of the largest bank-owned factoring companies in the world, has changed its name to Wells…


Funds not reaching local small businesses

The reluctance of some banking institutions to facilitate the use of the lines of credit made available through the Central…


Capital Leasing Pilot Project helps small business owners

Since 1961, hundreds of thousands of small businesses have obtained financing that might not otherwise have been available to them…


Opening up public procurement to small firms

Small- and medium-sized businesses are set to win more contracts from central and local government. Ministers have promised to get…


GE Corporate Financial Services acquires NMB-Heller Limited UK

GE Corporate Financial Services announced today it has purchased NMB Heller Ltd UK from NMB Heller Holding N.V. The transaction…


Paolo Medic bid for stake in Siam General Factoring

According to Chanin Yensudchai, managing director of Paolo Medic, operator of the Paolo Memorial Hospital, unlisted Paolo Medic is about…


Factor collapses after investing in major clients

Miami-based factoring company E.S. Bankest collapsed this month with debts of at least $170 million, leaving creditors and clients asking,…


Foreign investment inflow reaches Kc 1.27 trillion

The Czech Republic has attracted foreign investment worth Kc1.27 trillion (Kc127,000 per capita) the largest amount in central and eastern…


Shaping competitive and dynamic enterprises in an enlarged Europe

Experts from European governments and the private sector discussed the challenges facing small enterprises in Europe and presented their enterprise…


Ontario and Alberta to lead growth of small businesses for…

Ontario and Alberta will foster the most growth in small businesses in Canada over the next five years due to…


Mandiri Bank to cut debt for SMEs

Shareholders of state-owned Bank Mandiri on Monday (29 September) approved the bank's plan to grant Rp2,000bn (US$238m) debt retrenchment, mostly…


NIS30 million state fund to give loans to small businesses

The new fund for loans to small businesses will begin operations in the next few days after the Knesset Finance…


Growth surprise boosts Brown and raises interest rate fears

The UK economy grew twice as fast as previously thought in the second quarter of 2003, official figures have shown.…


International accounting standards will apply to SMEs

Many smaller companies may be assuming that International Accounting Standards (IAS) will not affect them, but, according to the Institute…


SMEs business slump continues into August

Small- and mid-sized enterprises (SMEs) are struggling with the worst business conditions this year, with the August indicator for SMEs…


EFIC completes sale of short-term export credit insurance business

The Export Finance and Insurance Corporation (EFIC) finalised the sale of its short-term export credit insurance business to GERLING NCM…


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