BCR Latest News

SMEloan to launch services in Singapore

Hong Kong-based company SMEloan is expected to launch its services in Singapore as early as next month. The firm was…


FDA comment on FSA fines for money laundering control failings

The Financial Services Authority (FSA) has fined Northern Bank Ј1.25 million for breaches of its Money Laundering Rules across its…


New MD specialised products at DBS Bank (Hong Kong)

DBS Bank, the fourth largest banking group in Hong Kong, has appointed Chong Mong Ting as managing director, Specialised Products.…


Defence sector to reduce dependence on imported technology approaches indigenous…

The defence sector is aiming to indigenise its requirements by offering to buy from technologically sound, innovative and competitive small-…


GE Commercial Finance eyes up Resona’s leasing businesses

Resona Holdings Inc, the Japanese bank that received a US$16.3 billion government bailout, has hired Nomura Holdings Inc. to find…


Measures to protect tequila SMEs to be enforced from 2004

In a measure to support the small- and medium-sized enterprises (SMEs) in the tequila and the agave-tequila productive chain, the…


FDA appoints new CEO

Effective 4 August, Kate Sharp has been appointed the new chief executive officer (CEO) of the Factors & Discounters Association…


Bank lending to small firms swells

Corporate lending by local banks ballooned by 5.1 trillion won (US$4.3 billion) last month, as small- and mid-sized companies (SMEs)…


Fortis Commercial Finance reports pre-tax loss

Fortis Commercial Finance Limited, one of the leading debt factoring and invoice discounting companies in the UK and part of…


Greenfield Commercial Credit (Canada) Inc. announces it has acquired a…

Greenfield Commercial Credit (Canada) Inc. (Greenfield Canada) announced today (6 August) that it has acquired a portfolio of seven factoring…


Joint Ingosstrakh and Malaysian Export Credit Insurance Corporation projects will…

At the Russian-Malaysian business forum in Kuala Lumpur yesterday (5 August), President Vladimir Putin said that the two countries are…


Hampshire Trust Factors Limited profit up 170%

Milton-Keynes-based Hampshire Trust Factors Limited have reported a pre-tax profit of Ј203,365 for the year to 30 April 2003, a…


Transamerica purchase bolsters GE Commercial Finance

General Electric added to one of its main growth engines yesterday (5 August 2003) when the US conglomerate announced a…


SME credit needs careful risk analysis

Small businesses have been a major beneficiary of recent government efforts to extend financial and technical support to help improve…


Hosoya to to put SME bank Resona on the path…

When Eiji Hosoya, the new chairman of Resona, first saw the swooping R of the bank's logo, it reminded him…


Better Payment Practice Group responds to Experian research and says…

The Better Payment Practice Group (BPPG) welcomes any new research into credit management issues. We would however like to comment…


Micro-enterprise development plan will increase the rate of SMEs survival

More than 200 foreign and Thai small- and medium-sized enterprises (SMEs) are expected to attend the Asia Pacific Economic Cooperation…


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…


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