BCR Latest News

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…


Independent Growth Finance expands further in the West Midlands

Independent Growth Finance (IGF) continues to grow its team in the Midlands with the appointment of Mike Bailey as regional…


SME confidence plunges in July – Top-100 latest report

Small- and medium-size enterprise (SME) confidence was down on the month according to the latest business confidence report of research…


Banca Comerciala Romana named Best Romanian Bank 2002

The Romanian Commercial Bank (BCR) has been named "Best Romanian Bank" for 2002, by UK financial magazine Euromoney. The bank…


KL to work closely with Tokyo to boost SME growth

Malaysia will work closely with Japan to develop its small- and medium- sized enterprises (SMEs), in light of the business…


Taageer Finance lease and factoring income doubles in first half…

Taageer Finance Company SAOC, the youngest non-banking finance company in Oman, reported a 2.7 times jump in its net profit…


Institute predicts economy will shrink this year – small rise…

RWI, the German economic research institute, forecasts that Germany's economy will shrink by 0.2 per cent this year, but predicts…


Italian Industry Ministry to launch fund for SMEs investing in…

"Promoting industrial districts on foreign markets is a way to internationalise and give new momentum to the Italian economy," said…


Credit unions – a real financing option for SMEs

While the demand from small- and medium-sized enterprises (SMEs) for credit is increasing, companies are obtaining funds from the credit…


CECIC ties up with HuaTai in export trading insurance services

China Export & Credit Insurance Co. (CECIC) and HuaTai Insurance Company of China Ltd. finalised a partnership agreement in Beijing…


UK depends on global economic upturn as British economy remains…

Discussing the results from the Q2 2003 Quarterly Economic Survey, the director general of the British Chambers of Commerce (BCC),…


New rules will attract foreign players

Following the introduction of a new law the Guatemalan banking system is to be opened to new foreign-based players said…


Credit insurance to boost non-bank factoring

According to Jose Schachner, chairman of Chile's factoring association, non-bank factoring companies in Chile are betting on credit insurance to…


Bank of China’s international factoring surges 800% in first half…

The international service of the Bank of China rose greatly in the first six months of this year. The bank's…


Government loans to SMEs hit P11.8 billion

The government has announced that it has already released P11.8 billion worth of loans to the country's micro-, small- and…


Former communist bloc capital cities are set to show impressive…

The pace of economic growth in former communist bloc countries is set to progress at an impressive rate over the…


Bank lending to SMEs up 17.8% in 2002

Second Finance Minister Datuk Dr Jamaludin Jarjis said bank lending to small- and medium-scale enterprises (SMEs) increased by 17.8% last…


SME Bank cuts lending and factoring rates

The SME Development Bank (SME Bank) has cut lending rates in a bid to help the country's newest bank meet…


The VAT trap

The Finance Bill now includes two new measures to combat VAT Supply Carousel Fraud but with potentially wider effect. The…


Vietcombank provides US$32 million for SME loans

The Viet Nam Foreign Bank (Vietcombank) has pledged about US$32 million in loans this year to help small- and medium-sized…


CIT Group names new president and reorganisation of senior management…

CIT Group Inc (CIT) has announced that from 3 September 2003 Jeffrey M. Peek will become the company's president and…


Prvi Faktor, a new name for LB Factors

LB Factors, factoring druћba, d.o.o. has changed its name to PRVI FAKTOR, faktoring druћba, d.o.o (meaning first factor) after Slovenska…


Eurofactor (UK) open regional office in Birmingham

Eurofactor (UK) Limited, an independent specialist in factoring and invoice discounting, has appointed Gerry Donnelly to head up its new…


Equifax warns businesses that re-verification of existing customers is the…

Leading information provider, Equifax, is warning financial organisations that the burden of money laundering on businesses will not be reduced…


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