BCR Latest News

New quality standards for SMEs to increase export potential

A new form of cooperation is emerging between small businesses in Israel, Lebanon, Syria, the Palestinian Authority, and other Mediterranean…


Five Arrows increase turnover, profits up by 17.5%

Manchester-based Five Arrows Commercial Finance Limited have recorded a 17.5% increase in pre-tax profits for the 12 months to 31…


GE Commercial Finance agrees to acquire most of Transamerica's Commercial…

GE Commercial Finance, the business-to-business financial services unit of the General Electric Company, has announced it has agreed to acquire…


Directive on e-invoicing fails to provide harmonised solution

A little-publicised European directive, to be implemented by January 2004, on electronic invoices will not simplify pan-European trading and may…


Service sector growth picks up, strong gains in new business

July’s CIPS/Reuters survey of the UK private sector services economy signalled expansion of activity in the sector for a fourth…


Factors and Discounters Association to discuss education courses for IFD…

At the last Institute for Factors and Discounters of Australia and New Zealand (IFD) meeting, members discussed the possibility of…


Business confidence falls in all but two regions but export…

Business confidence has fallen in nine of the UK's 11 regions, with the two exceptions only narrowly escaping a fall…


ECGC and Corp Bank in bancassurance tie-up

Export Credit Guarantee Corporation (ECGC) has obtained a special exemption from the Insurance Regulatory and Development Authority (IRDA) allowing it…


Asian Development Bank study the SME unsecured finance gap

The Asian Development Bank (ADB) has earmarked $25 million for loans for the Philippines’ small- and medium-size enterprises (SMEs). Merly…


Bank of China’s factoring transactions soar in first half

State-owned Bank of China’s international factoring transactions increased by more than eight times year-on year while domestic factoring transactions rose…


Survey finds British businesses still favour overdraft to fund

When it comes to funding the growth of their business, nearly three quarters (72 per cent) of British businesses turn…


30% of firms reporting financial difficulties

“SMEs (small- and medium-size enterprises) are struggling with what they call their worst financial problems since the 1997 crisis, due…


World Bank supports e-business to increase productivity of small businesses

The World Bank approved a US$58.4 million loan to help increase competitiveness and growth of micro and small businesses in…


First half profit of SKK8.9 million for OB Heller Factoring

The Slovak arm of the Czech bank CSOB showed a profit of SKK122 million in the first six months of…


Report claims recent late payment legislation is largely unenforceable while…

An article by Graeme Forbes, head of corporate finance at Grant Thornton The business outlook for small- and medium-size enterprises…


US Ex-Im Bank finalising Iraq's credit insurance programme

The US Export-Import Bank's (Ex-Im Bank’s) acting chief operating officer (COO) said that his bank is finalising a credit insurance…


New name for Mediofactoring

Mediofactoring, Italy’s largest factoring company, has changed its name to Intesa Mediofactoring spa. The new style will bring more uniformity…


Commercial banks and private sector suggested amendments to the draft…

A joint meeting between commercial bankers and top representatives of the private sector has suggested wide-ranging amendments to the draft…


Sources of funding start to dry up

Spurned by major banks, many of Japan's small- and medium-sized enterprises (SMEs) have to depend on credit unions for financing.…


Quarter 2 company insolvency figures released

Statistics showing insolvencies in the second quarter 2003 are published today (1 August) by the Department of Trade and Industry.…


Low bank interest rates challenge demand for state SME Venture…

The state-initiated SMEs Venture Capital Fund, managed by One Asset Management Co, is concerned about growing competition from banks as…


Lloyds TSB reports increased profits in factoring and commercial finance…

Lloyds TSB Group’s Wholesale Markets sector, which includes Lloyds TSB Commercial Finance and Alex Lawrie Factors, has reported a pre-tax…


Private sector banks now willing to take risk on SMEs

The small- and medium-size enterprise (SME) sector has been regarded as typically `high risk and high delinquency' in banking circles.…


Accord Financial posts strong second quarter operating results

Accord Financial Corp, the Toronto-based provider of factoring and asset-based financial services has announced its unaudited consolidated financial results for…


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