BCR Latest News

New banks to launch factoring, leasing and SME finance in…

Progresso, the Chilean financial services company, is waiting for the go-ahead from local authorities to open its bank in January…


Better Payment Practice Group issues new checklist to help businesses…

Businesses considering appointing a debt collection agent to manage overdue accounts can now benefit from a new checklist from the…


Grant Thornton’s analysis of the latest Scottish insolvency figures

To read the article by Matt Henderson, recovery and reorganisation partner, click on 7 May 2003: Glasgow's failure rate bodes…


Company insolvencies fall by 10% in first quarter 2003

The number of insolvent companies in England and Wales fell by 10% in the first quarter of 2003 compared to…


Swiss Re and Deutsche Bank consortium to acquire 90% of…

Swiss Re, Deutsche Bank, Sal. Oppenheim and Gerling have today (7 May 2003) signed a contract reorganising the ownership of…


Gazelle acquires Deutsche Bank debt restructuring advisory team

Gazelle Corporate Finance, a leading, independent, London-based merger and acquisition adviser has scooped up Deutsche Bank's mid-market debt restructuring advisory…


Basel II sums up the future for credit risk

Rules published this week by the Basel Committee on Banking Supervision in its third and final consultative paper will replace…


The Institute for Factors and Discounters of Australia and New…

Read the minutes of the IFD meeting held on 13 March 2003 held at the IFD offices, Sydney including: Welcome…


The Institute of Chartered Accountants cracks the whip on insolvency…

The biggest UK regulator of insolvency practitioners (IPs) has stepped up its enforcement against abuses with more and heavier penalties…


Company insolvency statistics for the first quarter 2003

Statistics showing insolvencies in the first quarter 2003 are published today (2 May) by the Department of Trade and Industry.…


Euler shows disappointing results

One of the world’s largest credit insurers has seen either falls or only sluggish growth in its turnover in most…


Asiagate online regional credit information network announced

An Asian information network known as Asiagate, a regional credit information network, will be launched to provide a one-stop centre…


Comerica Bank and GMAC CFin joint US$60 million credit facility

Auction Broadcasting Company (ABC), a highly innovative auto auction company based in Indianapolis, announced the completion and funding of a…


Factoring overcomes scarcity of bank loans in Czech Republic

Pietro Filipi, a Czech fashion firm started from scratch ten years ago has managed to become a trendsetter in the…


Four-country study shows half of all German respondents planning to…

German small- and medium-sized companies (SMEs) are considerably more sceptical about their future financing parameters than their foreign peers, according…


EU launches new fund for Asian countries

The European Union (EU) has launched a new fund called Asia Invest-II (2003-07) aimed at promoting business cooperation between EU…


Accord Financial Corp announces highest first quarter volume in company’s…

Accord Financial Corp., a leading North American provider of asset-based financial services to businesses, including factoring, financing, credit investigation and…


Export Promotion Bureau announces plans to increase exports and export…

The Export Promotion Bureau (EPB) Chairman Tariq Ikram announced draft plans to increase Pakistani exports to the United States, European…


Sterling National Bank appoints representative for new Southeast Region

Sterling National Bank, a subsidiary of Sterling Bancorp, announced that it is extending its business presence in the southeastern United…


Banco del Desarrollo planning to buy factor – talks already…

Chilean small business bank, Banco del Desarrollo, plans to buy a factoring agency during the first half of 2003. Acquisition…


Ronson plc change banks to HSBC and move to asset-based…

Ronson plc announced its interim results to 31 December 2002 and declared a pre-tax profit of Ј15,000 and overall turnover…


Asia Development Bank forecasts healthy growth for the region despite…

Despite the presence of the SARS epidemic in the region, the Asian Development Bank said its 41 members’ economies would…


Philippine economy set to grow by 4 per cent this…

The ADB expects the Philippine economy to grow 4 per cent this year and 4.5 per cent next year, citing…


Software houses get help to raise development capital secured by…

The Small and Medium Enterprise Development Bank (SME Bank) will work with the Association of Thai Software Industry (ATSI) to…


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