BCR Latest News

Banks collaborate on invoice finance for Mexican SMEs

Compass Bank said that this year it will intensify its programme of loans for Mexican small- and medium-sized companies (SMEs)…


Fitch confirms Coface's AA rating

Fitch Ratings, the international rating agency, has affirmed the "AA" Insurer Financial Strength rating (IFS) on Coface S.A. Separate "AA"…


Export credit insurer predicts increased market share and diversification

The Export Credit Guarantee Corporation Of India expects service exports to account for at least 15 to 20 per cent…


Credit Agricole and Credit Lyonnais get green light to merge

France's main banking regulator approved a Ђ19.5bn (US$21.2 bn) merger between Credit Agricole and Credit Lyonnais on condition the banks…


Manufacturing survey report –industry comment

UK manufacturing output staged a surprise gain in January on the back of a better performance by the computer industry,…


Supply chain giant unveils receivables and insurance products to help…

UPS Capital, the financial services arm of UPS, has launched four products to help Canadian companies speed the movement of…


Banks home in on SME business

With advances to the corporate sector slowing down, and in some cases even turning negative, small- and medium-size enterprises (SMEs)…


Local banks may tighten their approach to SMEs

Standard & Poor's Ratings Services said yesterday that it is maintaining a stable outlook on most Korean banks, as it…


Latest business failures analysis and 3 year forecast gives a…

The number of business failures is poised to reach 70,000 over the next three years as a downturn in consumer…


Specialist bank and finance company announces 39% increase in pretax…

Broadcastle plc, the specialist bank and finance company, announced its audited results for the year ended 31 December 2002. Profit…


German credit insurer takes steps to protect core businesses

Gerling, the cash-strapped German insurer, said yesterday it was seeking regulatory approval to inject Ђ200m (US$220m) in emergency funds into…


Strong Growth for factoring and leasing in 2002; same again…

Three members of Latvia's Leasing Provider Association, Hanza Lizings, Unilizings and Nordea Finance Latvija have reported a factoring and leasing…


Malaysian credit insurer signs pact with Russia to facilitate trade

Malaysian exporters are now able to sell to Russian buyers on credit terms, said Bank Industri and Teknologi Malaysia Bhd.…


Fraud – see a timely reminder about fraud prevention from…

Go to Corporate Restructuring practitioner gives fraud prevention advice.


Insurer reported to have cancelled coverage on US Foodservice receivables

Underwriter Euler American Credit Indemnity has notified policyholders it will no longer insure their accounts receivable on business done with…


SMEs seek government help in boosting exports

Indonesian small- and medium-sized enterprises (SMEs) have called on the government to provide help in promoting their products overseas to…


Exim Bank of India supports exports to Philippines

Exim Bank has extended a line of credit of $2m to the Trade & Investment Development Corporation of the Philippines…


New monthly survey of the Northern Ireland economy

Produced for Ulster Bank by NTC Research Ltd, the PMI (Purchasing Managers’ Index) Report is based on a new monthly…


Trade association calls on government to 'Clear backlog in investment…

The Kanara Small Industries Association (KSIA) has asked the Karnataka Government to take steps to provide adequate Budgetary support for…


Slovak bank to get another European bank loan to support…

The European Bank for Reconstruction and Development will provide Slovakia's VUB [General Credit Bank] bank a further Ђ20m to support…


The pan-European Fortis umbrella – interview with Murray Chisholm of…

Murray Chisholm told BCR this week about Fortis’s pan-European set-up and how the company’s structure helps it thrive against the…


Enterprise Finance expands into Europe

Enterprise Finance Europe (EFE), the receivables finance and asset-based lender which launched in the UK just over 12 months ago,…


Entrepreneurs look for backing for new Romanian factoring business

Two Romanian businessmen with considerable factoring experience are looking for an investor to help launch a new factoring business in…


FDA comment on regulation of receivables finance industry

There has been much speculation in the financial press regarding the unregulated status of independent factoring and invoice discounting firms…


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