BCR Latest News

IFRS 2005 – Are you ready?

ACCA (the Association of Chartered Certified Accountants) has begun a research project to ascertain companies’ readiness for the transition to…


HSBC voted best small business bank again

Members in Practice of the Chartered Institute of Management Accountants (CIMA) have voted HSBC Bank the ‘Best Small Business Bank’.…


Export Finance and Insurance Corporation appoint Managing Director

Trade Minister Mark Vaile yesterday (27 August) announced the appointment of Mr Angus Armour as Managing Director of the Export…


Exporters urged to use export credit insurance to boost competitiveness

Malaysian exporters are urged to be more aggressive in exporting their products by not relying on letters of credit (LCs),…


Special Administrative Region `unlikely to develop into industrial hub'

Secretary for Commerce, Industry and Technology, John Tsang, said yesterday that the government was not likely to provide tax incentives…


Business investment declines but is expected to rise again

Polish companies' aggregate investment levels continued to decline in the first six months of 2003, dropping 2.2% to PLN 21.8…


Banks seek to regain business credit market

The commercial banking sector needs to recover ground lost to the suppliers that have become the primary credit sources for…


Interest-rate on hold as growth picks up

Poland's rate-setting Monetary Policy Council (RPP) opted on Wednesday (27 August) to keep official borrowing costs on hold for a…


Eurochambres voices concerns over Basel II’s negative effects on SMEs

In an open letter to the Financial Times, London, Christoph Leitl, president, Eurochambres, the European Chambers of Commerce, has voiced…


GERLING NCM helps companies deal with regular payment defaulters

GERLING NCM, soon to be renamed as Atradius, has launched a new contract debt collection service designed to help companies…


Canbank Factors Ltd reports best ever in volume and profit…

Canbank Factors Ltd, a subsidiary of Canara Bank, recorded its highest ever turnover (factoring volume) of Rs 1,223 crores for…


Trade figures massively distorted by termination of VAT “carousel” fraud

A breakdown of trade figures from the Central Statistics Office (CSO) indicates that up to 40% - or some Ђ3.5…


GERLING NCM receives APRA licence

Further to the recent Export Finance and Insurance Corporation (EFIC) statement regarding the sale of EFIC's short-term export credit insurance…


Financial laws reform timetable announced

Starting as early as 2006, financial firms, including banks and insurers, will be free to provide the same or similar…


SMEs face financing problems

Ibrahim Karaoglu, chairman of the Board of Directors of the Kocaeli Association of Active Industrialist Businessmen (KAAIB), addressed the problems…


Eight APEC economies sign memorandum to support SME finance ahead…

Finance ministers from the 21 Asia-Pacific Economic Cooperation (APEC) member economies are expected to sign an agreement on financing for…


BDC and the Caisse create a $300 million SME fund

The Business Development Bank of Canada (BDC) and the Caisse de dйpфt et placement du Quйbec (Caisse) have concluded an…


Late paying businesses risk their reputation

Research conducted by the Better Payment Practice Group (BPPG) reveals that 85% of UK companies believe that late payment is…


Alliance announces resignation of president

Alliance Financing Group Inc has announced that Michael Maurer has tendered his resignation as president and as a director of…


Resona Holdings to integrate factoring units in move to reduce…

Resona Holdings Inc. decided on Tuesday (26 August) to reduce the number of its subsidiaries and affiliates to one-fourth the…


Crestmark Bank announces new First VP for asset-based lending business

Crestmark Bank has introduced Mark Matheson as its newest first vice president. Matheson will initially be responsible for underwriting and…


Coface Group consolidated turnover – 1st Half 2003 details

COFACE GROUP – 1st Half 2003: Consolidated turnover growth of 11.5%  1st Half 2003 1st Half 2002 Change in % H1 03…


Reserve requirements raised on domestic and foreign banks and other…

China will raise the reserve requirements on domestic and foreign banks and other deposit-taking financial institutions next month in order…


Zurich appoints their first London trade credit underwriter

Zurich North America and Zurich London announced that George Bolton has joined the London office as their first trade credit…


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