BCR Latest News

The CBI/Grant Thornton Service Sector Index May 2003

The results of this quarter’s survey have a particular significance as it was conducted in the period just following the…


Asian Development Bank to assign US$150 million to Pakistan for…

The Asian Development Bank (ADB) has pledged US$150 million in assistance to Pakistan to restructure and develop its small- and…


Small business credit scoring service launched

Kreditinform has, with Experian Scorex, introduced a new credit-scoring system for small- and medium-sizes enterprises (SMEs) to be known as…


Resona bailout causing concern to SMEs

In Tokyo, the US$17bn bail out of Resona bank is being hailed as a promising first step towards fixing Japan's…


Fortis Bank wins withdrawal of rogue website set up to…

A few days ago Fortis Bank detected a fraudulent site called ‘Fortisexpressbank.com’ on which improper use was made of its…


IFD Statistics Q1 2003

The Institute for Factors and Discounters of Australia and New Zealand have published the industry statistics for quarter 1 2003.…


Personal indemnity insurance for non-executive directors a key issue for…

Less than half of non-executive directors (NEDs) are protected by personal indemnity insurance. Yet NEDs could soon take on further…


Directorate for Enterprise publish an analysis of the use of…

The Directorate General for Enterprise (DG Enterprise) of the European Commission has published its study of the role that factoring…


HSBC Exim Bank of USA and Government of Canada extend…

The president, John Agyekum Kufuor, speaking at the Ghana Investors’ Advisory Council’s (GIAC) meeting, said that some modest gains had…


Gerling NCM reduces political risk premium for Kuwait

Gerling NCM has reduced the political risk price for Kuwait. This is as a direct result of the end of…


Man charged with US$35 million frauds involving factoring company among…

George (Carl) Alexander Jr. faces 12 counts of mail fraud and money laundering said the U.S. Attorney's Office. The authorities…


BBVA teams up with an insurer to launch product for…

In an unusual move, BBVA Seguros, the insurance subsidiary of Spain's second largest bank, BBVA, has teamed up with an…


Credit Guarantee Corp offers more funds and increased flexibility for…

Credit Guarantee Corp Malaysia Bhd (CGC) has revised its Islamic banking guarantee scheme (IBGS) to increase available funds for small-…


SMEs struggle in a worsening economic environment

Business conditions for local small- and medium-size enterprises (SMEs) are becoming increasingly unfavourable with the local economy showing no signs…


Bibby Group of Factors financial results; income, PBIT, factored turnover…

The Bibby Group of Factors have unveiled a solid set of results, with total income growing by 27% and gross…


Funding efforts to assist liquidators’ recoveries for creditors and shareholders…

Current insolvency legislation allows directors of failed companies to be pursued in the courts for recovery of money where there…


Bancomext grants 14bn pesos in loans, guarantees and insurance to…

The Mexican Foreign Trade Bank (Bancomext) reported that between January and April it has provided financing of 14.13 billion pesos…


Planned Civil Code revamp will bring factoring contracts into law

As the first step in a process set to last several years, the government recently approved the main concept of…


Small Enterprise Development Corporation hit by financial crisis

The Small Enterprise Development Corporation (Sedco), which is facing serious financial constraints, could be forced to further downsize its operations…


SMES need financing to sustain operations

A Japanese consultant said SMEs in the region need robust financing and adequate marketing assistance to attain sustainability in entrepreneurship.…


ECB set to cut rates after euro appreciation

The widely expected interest rate cut by the European Central Bank on Thursday (5 June) will be the talking point…


National Association of Wholesaler-Distributors forms alliance with EULER ACI to…

The National Association of Wholesaler-Distributors (NAW) has announced that it has selected EULER American Credit Indemnity (EULER ACI) as its…


New government website will help small firms connect to better…

The Small Business Service (SBS) has launched a new website providing small- and medium-sized firms (SMEs) with a wealth of…


Laurentian Bank of Canada’s Commercial Financial Services sector reports $4.5…

Laurentian Bank of Canada’s Commercial Financial Services segment reported a net income of $4.5 million (compared to $6.9 net income…


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