BCR Latest News

General Electric launches GE Business Credit Services

To meet the rapidly changing financing needs of businesses in North America, General Electric announced today the launch of GE…


Standard & Poor’s affirms GERLING NCM 'A' Rating

Standard & Poor's Ratings Services has affirmed its 'A' counterparty credit and insurer financial strength ratings on the core operating…


GERLING NCM becomes Atradius and establishes a route map for…

Under new ownership, with its new name ATRADIUS, and with strengthened capitalisation and management, GERLING NCM - a global leader…


Natexis Factorem reports drop in factoring turnover

As at 31 December 2002 net banking income (NBI) for Factorem, part of the Natexis Banques Populaires group, came to…


German exports continue to decline

Though German car exports may be on the rise, German exports, in general, continue to suffer as a result of…


Bank Industri posts record pre-tax profit

Bank Industri group, comprising Bank Industri & Teknologi Bhd, Exim Bank and Malaysia Export Credit Insurance Bhd, has posted a…


Davenham Group breaks all records –profits up by over 50%

Davenham Group today announced record profits for the financial year ending 30 June 2003. With a profit before taxation of…


KUKE negotiates increased guarantee limits

The Export Credit Insurance Corporation (KUKE), a joint stock company, wants to increase the guarantees limit on behalf of the…


IGF Invoice Finance report pre tax profits up 55%

IGF Invoice Finance Limited, part of Independent Growth Finance Limited, has recorded a pre-tax profit of Ј510,723 for the year…


Slovak business confidence down in July

Businesses confidence in Slovakia’s economy dropped in July, when the business confidence index fell 2 points from +8 points in…


IMF warns Netherlands of risks to a recovery

The International Monetary Fund (IMF) said on Friday (8 August) "substantial" risks remained for an economic recovery in the Netherlands…


Economic confidence boosts industrial output

Industrial output rose by 11.7 per cent in June when compared to the same month last year, above market expectations…


Hypermarts urged to link up with local SMEs

“Talks with six hypermarkets to source 30% of their products from local small- and medium-size enterprises (SMEs) has been lukewarm”,…


Finnish industry sees no rapid recovery

According to the new Business Tendency Survey published by the Confederation of Finnish Industry and Employers (TT) on Thursday, executives…


Central Bank increases by 1% the rate of intervention interest

Romania’s Central Bank (BNR) decided to increase by 1% - to 19.25 from 18.25 - BNR’s rate of the intervention…


Government provides financial and consultation assistance for “smart” SMEs

Amid an apparent renaissance of small-business spirit, the government will provide financial and consultation services to young entrepreneurs between 20…


Appreciation of Turkish lira against dollar affects exporters

The lira has firmed over 10 percent against the dollar since the start of the year. It traded at some…


Italy slides into recession

Italy has slipped into a recession for the first time in 11 years, the government reported after studying the effects…


Firms warned to cut out cartels or risk jail

Small businesses need to be aware of new pro-competition rules, which could see price-fixing bosses fined or even sent to…


SMEs to get international financial support

The Dong A Commercial Joint Stock Bank has been receiving assigned capital from international agencies to carry out financial programmes…


National Bank to keep discount rate at 7% in 2003

Arsen Yatsenyuk, first deputy chairman announced that The National Bank of Ukraine (NBU) plans to leave its discount rate at…


Central bank’s surprise interest rate cut

The Czech National Bank (CNB) surprised the market with another 25 bp rate cut. The CNB's board decided to cut…


Success for Northern Ireland Business Start Programme

The Northern Ireland Business Start Programme (NIBSP) is significantly ahead of its target for business creation. Management consultants PricewaterhouseCoopers estimated…


BankBoston eyes SME segment this year

Chile's BankBoston, a wholly owned branch of US-based financial group FleetBoston, will turn its focus to the small- and medium-sized…


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