BCR Latest News

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…


The future of reference agency Experian remained uncertain as parent…

Following the sale of its mail order business this week to the Barclay brothers, owners of Littlewoods, Great Universal Stores…


Gerling NCM to launch free debt collection hotline

As a direct response to requests from small- and medium-size enterprise (SME) customers, Gerling NCM has set up a free…


Eurofactor the first to focus on Wales with a local…

Eurofactor Thames Valley, the Reading-based business finance experts are to become the first organisation to deliver a full range of…


Meeting of the Institute for Factors and Discounters of Australia…

The Institute for Factors and Discounters of Australia and New Zealand (IFD) will hold its next meeting on 26 June…


Coface UK appoints new risk director

Coface UK, has announced the appointment of Ian Hollyhomes as risk director. With extensive experience within both commercial and credit…


European Union extend Apex Loan facilities to SMEs for a…

The European Union (EU) has extended by one year, the Apex Loan Facility to small- and medium-scale enterprises (SMEs). Grant…


Factoring becomes increasingly popular, market set to grow

In 2002, the total value of invoices purchased by companies engaged in factoring activities reached ZL10bn, compared to ZL8bn a…


In the aftermath of the Finance Credit scandal, KPMG to…

Bank 1 Oslo will sue accounting giant KPMG and state authorized accountant John Haukland for NOK 337 (USD 50.5) million…


Exports by SMEs to exceed US$100 bn by 2007

Annual exports by small- and medium-sized enterprises (SMEs) will top US$100 bn by 2007, the Small and Medium Business Administration…


UK’s leading credit management group rebrands

EULER Trade Indemnity, the UK’s leading credit insurer today rebrands as Euler Hermes UK. This is part of the roll…


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