BCR Latest News

ECGC and Corp Bank in bancassurance tie-up

Export Credit Guarantee Corporation (ECGC) has obtained a special exemption from the Insurance Regulatory and Development Authority (IRDA) allowing it…


Asian Development Bank study the SME unsecured finance gap

The Asian Development Bank (ADB) has earmarked $25 million for loans for the Philippines’ small- and medium-size enterprises (SMEs). Merly…


Bank of China’s factoring transactions soar in first half

State-owned Bank of China’s international factoring transactions increased by more than eight times year-on year while domestic factoring transactions rose…


Survey finds British businesses still favour overdraft to fund

When it comes to funding the growth of their business, nearly three quarters (72 per cent) of British businesses turn…


30% of firms reporting financial difficulties

“SMEs (small- and medium-size enterprises) are struggling with what they call their worst financial problems since the 1997 crisis, due…


World Bank supports e-business to increase productivity of small businesses

The World Bank approved a US$58.4 million loan to help increase competitiveness and growth of micro and small businesses in…


First half profit of SKK8.9 million for OB Heller Factoring

The Slovak arm of the Czech bank CSOB showed a profit of SKK122 million in the first six months of…


Report claims recent late payment legislation is largely unenforceable while…

An article by Graeme Forbes, head of corporate finance at Grant Thornton The business outlook for small- and medium-size enterprises…


US Ex-Im Bank finalising Iraq's credit insurance programme

The US Export-Import Bank's (Ex-Im Bank’s) acting chief operating officer (COO) said that his bank is finalising a credit insurance…


New name for Mediofactoring

Mediofactoring, Italy’s largest factoring company, has changed its name to Intesa Mediofactoring spa. The new style will bring more uniformity…


Commercial banks and private sector suggested amendments to the draft…

A joint meeting between commercial bankers and top representatives of the private sector has suggested wide-ranging amendments to the draft…


Sources of funding start to dry up

Spurned by major banks, many of Japan's small- and medium-sized enterprises (SMEs) have to depend on credit unions for financing.…


Quarter 2 company insolvency figures released

Statistics showing insolvencies in the second quarter 2003 are published today (1 August) by the Department of Trade and Industry.…


Low bank interest rates challenge demand for state SME Venture…

The state-initiated SMEs Venture Capital Fund, managed by One Asset Management Co, is concerned about growing competition from banks as…


Lloyds TSB reports increased profits in factoring and commercial finance…

Lloyds TSB Group’s Wholesale Markets sector, which includes Lloyds TSB Commercial Finance and Alex Lawrie Factors, has reported a pre-tax…


Private sector banks now willing to take risk on SMEs

The small- and medium-size enterprise (SME) sector has been regarded as typically `high risk and high delinquency' in banking circles.…


Accord Financial posts strong second quarter operating results

Accord Financial Corp, the Toronto-based provider of factoring and asset-based financial services has announced its unaudited consolidated financial results for…


Institute For Factors And Discounters Of Australia And New Zealand…

On 28 July 2003 the Department of Foreign Affairs and Trade (DFAT) notified the Institute For Factors And Discounters Of…


SME Development Bank announces first half results

The Small and Medium Enterprise Development Bank of Thailand (SMED Bank) announced that new lending in the first six months…


Euler Hermes authorised to cover medium to large company risk

International credit insurance company Euler Hermes plans to target large- and medium-sized corporations in Mexico according to country manager Roger…


IFC assists Commercial International Bank to develop finance facilities for…

The International Finance Corporation (IFC) has signed an advisory services mandate to assist Egypt’s leading private financial institution, Commercial International…


Economy fear grips SMEs

Twice-yearly research by the Small Business Research Trust and Natwest bank shows that red tape is no longer small firms'…


Allianz' Euler Hermes first half results show increased turnover

Allianz AG Holding announced consolidated turnover of Ђ936.8m in its Euler Hermes credit insurance unit in the first six months…


Eurofactor turnover down in first six months

Eurofactor, a strategic division of the Allianz group, suffered a steep fall in commissions received in the first six months…


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