BCR Latest News

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…


Canara Bank in pact with SIDBI to co finance SSIs

Canara Bank has signed a memorandum of understanding (MoU) with the Small Industries Development Bank of India (SIDBI) for co-financing…


Ultimate Finance says first year objectives met

From the period 10 January 2002 to 30 June this year, Ultimate Finance reported sales of Ј485,117, with a pre-tax…


Bank of New York and GMAC agree on settlement

The Bank of New York Company, Inc. (BNY) and General Motors Acceptance Corporation (GMAC) have agreed to a settlement regarding…


Parliament approves gradual decrease in corporate income tax

The Chamber of Deputies, the Czech lower house of parliament, has approved an amendment to the income tax cutting corporate…


Banca Comerciala Romana privatisation to be completed in 2006

The privatisation process of Romania’s largest commercial bank Banca Comerciala Romana will be completed by 2006 once the government has…


West Bengal Industrial Development Corporation to securitise asset portfolio to…

Leading Indian and foreign banks, including Citigroup, Deutsche Bank, Syndicate Bank, ICICI Bank, and State Bank of India, have evinced…


FP6 research funding opportunities, rules and processes online

SME TechWeb, the information service for small- and medium-sized enterprises (SMEs) seeking European research funding, has been revamped to provide…


Customs offer SMEs intellectual property protection at reduced fee

Small- and medium-sized businesses (SMEs) are to be encouraged to take advantage of the protection offered by Customs and Excise…


Firm folds under factoring agreement when ES Bankest forced into…

What started as a helping hand has strangled a struggling local tech firm. Chantilly-based Stratesec abruptly shut its doors because…


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