BCR Latest News

Factoring has grown 40% annually since the advent of GST

At a time when the GST continues to create a cash-flow crisis for small business, lending experts warn that debt…


Siam General Factoring reports 127% rise in Q2 profit

Siam General Factoring reported a net profit of 28.9million baht for quarter two 2003, compared with 12.7million baht for the…


Coface interim turnover rises

Coface, the French credit insurance company, has posted an 11.5% hike in consolidated turnover, to Ђ551.5m, for the first half…


Hansa's Lithuanian leasing and factoring arm passes into Hansabankas' ownership

An agreement between Hansabankas of Lithuania and AS Hansa Capital that came into effect on 18 August 2003 transferred the…


Economy slides into recession

Germany's economy shrank by 0.1 per cent in the second quarter compared to the quarter before, the state statistical agency…


Exports disappoint on weak US, Hong Kong and Japan demand

Taiwan's exports and imports were both weaker-than-expected in July, casting a shadow over the peak pre-Christmas orders season as exports…


US$666m trade surplus in July

South Korea posted a trade surplus of US$666 million in July, keeping in the black for a fourth consecutive month…


Eximbank cuts interest rates three percentage points

Turkey's Export-Import Credit Bank announced a three per centage point cut in interest rates effective Friday, 15 August 2003. In…


National bank criticised for cutting interest rates

Head of Norway's national bank, Svein Gjedrem, is criticised after another severe cut in interest rates on Wednesday, 13 August…


Corporate bankruptcies fall in July

The number of corporate bankruptcies in Japan plunged 23.7 per cent in July compared to the same month a year…


Garment and textile exports, up 5.1 per cent in first…

Outbound shipments of locally manufactured garments and textiles went up by 5.1 per cent to $1.39 billion in the first…


Alliance Bank programme for SMEs and SMIs

Alliance Bank, in collaboration with McFab (M) Sdn Bhd, has launched the Tradelink Purchasing Card Programme, aimed at helping small-…


New financing line for SMEs

The Agency for Small and Medium Enterprises (SMEs) and Banca Commerciala Romana (BCR) signed a contract for a new financing…


Exports and consumer spending increase signal faster economic growth than…

Surprising strength in U.S. exports and consumer spending reported this week suggest the economy grew faster last quarter than first…


Forced administration on Union pojistovna insurer, Prague

The Finance Ministry imposed forced administration on the Union pojistovna (UP) insurer in order to protect clients' interests. Union pojistovna,…


Germany's SME loan programme chooses China Merchants Bank

China Merchants Bank Co has been selected to be the conduit for a German government loan programme targeting small- and…


Key interest rates cut by 1%

The Reserve Bank said on Thursday (14 August) it was cutting its key repo rate by 100 basis points to…


Federal funds available to small businesses affected by storms

Low-interest federal loans of up to US$1.5 million have been approved for small businesses affected by storms that swept across…


Draft Financial Reporting Bill is good news for SMEs

Small companies (with “(Pty) Ltd” after their names) may in future be allowed to present simplified, more easily prepared accounts,…


Low interest, no collateral loans on offer to SMEs

Some P8 million (US$145,000) from the Network Bank is available to small- and medium-size enterprises (SMEs) at low interest rates…


International Enterprise Singapore launches scheme to help SMEs expand overseas

International Enterprise Singapore (IE Singapore) has launched the iFinance Consulting Programme to help firms expand abroad. It is expected to…


IFC looks to invest an extra $70 million in Vietnam

The International Finance Corporation (IFC), part of the World Bank Group, plans a further investment of US$70 million in Vietnam…


GM finance arm considers suing Bank of New York over…

Executives at GM Acceptance Corporation, the financial arm of General Motors, are considering suing Bank of New York (BoNY) in…


Small firms told to face the factoring facts

Many small firms still view factoring or discounting with “unwarranted” suspicion, says John Twigg, chief executive of small business advisor,…


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