BCR Latest News

World Bank approves US$225m for development of African SMEs

The World Bank Group has approved US$225 million for the growth and development of small- and medium-scale enterprises (SMEs). The…


Judge says husband, wife executives of development firm guilty of…

Citing the details of trial documents and witnesses' testimony, a federal judge declared on Friday (11 July) that the husband-and-wife…


SMEs need the umbrella of insurance

Despite accounting for 78% of non-agri employment, small- and medium-size enterprises (SMEs) contribute only 35% of annual gross domestic product…


Macao to give interest-free loans to SARS-hit firms

Nearly 80 per cent of small-and medium-sized enterprises (SMEs) applying for interest-free loans to weather the financial strains attributable to…


ECB hold interest rates steady

Speaking after the ECB held key interest rates steady at 2 per cent, Wim Duisenberg, European Central Bank (ECB) president,…


Crestmark Bank expands its invoice financing resources in Chicago region

Crestmark Bank has introduced Tim R. Bruckner as a new vice president (VP) and regional manager. Bruckner will be working…


Thailand to set up fund to boost SME competitiveness

After a meeting of the Thai competitiveness development committee on 10 July government spokesman, Sita Divari, said that the committee…


Euro Sales Finance backs Ultralife

Euro Sales Finance (Euro Sales) has just completed an invoice discounting deal with Ultralife Batteries (UK) Limited to help them…


UK interest rates cut to fifty year low

The Bank of England today (10 July) cut rates by a quarter point to 3.5 per cent, their lowest level…


The strong euro drags exports to Britain 45% down on…

Exports are predicted to slump by an unprecedented Ђ18.7 billion this year because of the strength of the euro, the…


NABE survey shows US business spending rising again

More than two years after clamping their wallets shut, American businesses have begun to boost spending again on facilities and…


Siew to propose increase in the government's Small and Medium…

Former Premier Vincent Siew will make several proposals to President Chen Shui-bian today, with the focus on economic and financial…


National report on SMEs under preparation

Representatives of the Serbian Ministry of Economy and Privatisation (SMEP) and the European Commission (EC) talked on Wednesday (9 July)…


IFA announces Board of Directors

The International Factoring Association (IFA) has announced the names of the new Board of Directors for 2003-2004, which includes four…


Asian economies are poised to rebound in second half on…

Thailand's key stock index has jumped 18% in a month. South Korea's Hyundai Heavy Industries Co. expects ship orders to…


ECGD announces full cover available on Iranian banks

The UK government’s Export Credit Guarantee Department (ECGD) is pleased to announce the renewal of pre-approved cover limits on Iranian…


Fraud hits a third of all companies and this is…

In PwC's global survey of chief executives, released today, financial services companies reported more incidents of fraud than those from…


Bibby Factors Leicester appoints Business Development Manager

Leading business finance firm Bibby Factors Leicester, part of Bibby Financial Services, has appointed Mandy Carroll as business development manager…


SME Bank funds reach three times as many SMEs

SME Bank disbursed Rs 697 million to 1,389 small- and medium-size enterprises (SMEs) in 31 different business sectors during last…


Gerling NCM shows post-tax loss for 2002

Gerling NCM Credit and Finance, the German credit insurance company, has reported a post-tax loss of Ђ75.1m for 2002, compared…


Coface gets licence to sell credit insurance in Poland

The Coface group has obtained a licence to deliver insurance products in Poland. It will be opening a domestic and…


Bibby Factors Scotland appoints business development manager

Leading business finance firm Bibby Factors Scotland, part of Bibby Financial Services, the largest independent factoring organisation in the UK,…


Better outlook for an independent Gerling NCM

GERLING NCM, a global leader in credit management and receivables, looks forward to a better outlook as an independent company.…


Banca Comerciala Romana achieve 180% increase in factoring volume for…

Banca Comerciala Romana (BCR), the country’s largest state-owned bank and leader in the Romanian factoring market, recorded in the first…


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