BCR Latest News

China must nurture its entrepreneurs

By Stephen Green, head of the Asia programme at the Royal Institute of International Affairs in London The one thing…


European Bank for Reconstruction and Development issues report on state…

Bosnia and Hercegovina (BiH) has made significant strides towards establishing a market economy, but a great deal remains to be…


Factors Chain International elects chairman

During the 35th Annual Meeting of Factors Chain International (FCI), held in Berlin, Dirk Driessens, chief executive officer of Fortis…


Hammonds Finance Law Department updates and reviews

Hammonds, formerly Hammond Suddards Edge, The UK-based commercial law firm, publishes quarterly updates of statute and case law relevant to…


ISIS Factors report small reduction in profit in 2002

ISIS Factors, the London Scottish Bank owned factoring company, has reported a pre-tax profit of Ј937,913 in their annual accounts…


Latest research from Bibby Financial Services suggests business owners are…

A quarter of small firms believe that the quality of service offered by their bank has deteriorated over the past…


VAT finally imposed on banks, factors and leasing companies among…

The Department of Finance and the Bureau of Internal Revenue ended years of suspense and imposed value-added tax on banks…


Euler-Sfac forecast a rise in bankruptcies

The French credit insurance company Euler-Sfac said yesterday that the number of company defaults in France is likely to show…


SME finance company files registration statement for proposed initial public…

CapitalSource Inc. announced today that it has filed a registration statement with the Securities and Exchange Commission for a proposed…


Bank of Ireland cuts business charges

Bank of Ireland is extending its invoice discounting service to small businesses with a discount of up to 50% for…


Baycorp Advantage says Alliance Factoring does not face litigation over…

Baycorp said in a statement released after the market closed in New Zealand that it wanted to correct some "misconceptions"…


Latest analyses of the Austrian, Australian, Argentine and Baltic factoring…

BCR has today added the latest analyses of the Austrian, Australian, Argentine and Baltic factoring markets, from the soon to…


Desarrollo boosts leasing activities and eyes up factoring agency

Intesa sold its Sudameris banking franchise in Chile to Desarrollo last month in return for US$30m in newly issued Desarrollo…


Minimum capital, guarantee fund requirements for insurers raised

Lithuanian insurance companies will have to increase their authorised capital to at least Ђ1 million by July 2005 and to…


Bharat Overseas Bank pares rates on SSI credit

Bharat Overseas Bank Ltd has lowered interest rates on credit to agriculture and small-scale sectors (SSIs). "The revised interest rates…


SMEs are hit by the large bank credit crunch

Yamaya is one of countless small- and medium-sized enterprises (SMEs) in Japan feeling the effects of a widening credit crunch.…


High Court finds Deloitte & Touche negligent in its audit…

Deloitte & Touche (D&T) was yesterday found to be negligent when it audited the Singapore operations of Barings Bank, where…


Bank of Japan to help SMEs to raise capital by…

The Bank of Japan (BoJ) is to kick-start the development of an asset-backed securities market for small businesses to give…


SME sector as the driving force behind economic growth

Serbian Assistant Minister of Economy and Privatisation, Blagoje Paunovic, said as part of the Strategy for the Development of Small…


Lenders expect dramatic improvement in economy within 18 months

According to the results of the latest Phoenix Management "Lending Climate in America" quarterly survey, three-quarters of commercial lenders expect…


Euro Sales Finance appoints associate director for South-West and South…

Euro Sales Finance (Euro Sales), a provider of bespoke invoice finance, announced today that it has appointed James Hester as…


Court ruling on syndicated loan case clarifies majority decision-making issue

Redwood Master Fund Ltd (and 5 others) v. TD Bank Europe (and 2 others) In a recent case brought before…


'SMEs must have the killer instinct' to help achieve 1%…

Speaking at a workshop on 'New Export-Import Policy', the director-general of Foreign Trade, Mr Labanyendu Mansingh, said the list of…


Banks lend SMEs US$161million to May, up 49% from same…

Colombia's banking system issued loans totalling 451bn pesos (US$161m) to small- and medium-sized enterprises (SMEs) this year to May, up…


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