BCR Latest News

Coface results show big drop in income; remedial action expected…

Coface saw a pattern of business last year opposite to that of 2001, with a second-half better than the first.…


UK's largest independent invoice finance and asset-based lending specialist, to…

GMAC Commercial Credit, the UK's largest independent invoice finance and asset-based lending specialist, is to re-brand after the merging in…


Receivables Finance International – Europe conference 26 – 28 March…

The third Receivables Finance International - Europe conference organised by BCR Publishing Limited will be held at the luxurious Marriott…


Close Invoice Finance report steady growth

Close Invoice Finance reported, in its annual report and financial statement, a successful year ended 31 July 2002, with a…


Leading North American receivables financier announces net earnings increase of…

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


Insolvency practitioners association slams banks over Brumark

John Verrill, the Vice President of R3, the body representing insolvency practitioners and company doctors, slammed the banks for delaying…


Chubb expands trade-credit practice in Canada

Global demand for trade-credit insurance is surging amid slow payment patterns and concerns of defaults on trade obligations, according to…


Global instability changes country risk ratings

Economic and political turbulence in key areas of the world, especially the Middle East, are likely to push up both…


GE Capital to double small business client base in 2…

GE Capital Bank is shifting its Mexican business strategy to greater lending to small- and medium-sized enterprises (SMEs), local daily…


SMEs get subsidised loans

The Ministry of Economy and Transport (GKM) and the state-owned Hungarian Development Bank (MFB) have launched the HUF 150 bn…


P40bn available to grow SME businesses

Small- and medium-sized enterprises (SMEs) make up an overwhelming 99.6 per cent of all firms in the Philippines. They provide…


Insurance giant granted brokerage licence in India

Marsh Inc., the world's leading risk and insurance services firm, announced that it has received an insurance brokerage licence from…


Unravelling government funding opportunities for Scottish SMEs

This item has been written by Robert Hannah a corporate finance partner with Grant Thornton The way in which grants…


US SMEs to look at South East Asia export markets

A trade mission led by the head of the US & Foreign Commercial Service (USFCS) will visit trading partners Thailand,…


New invoice discounter reports on initial progress

Ultimate Finance Group, the Bristol-based factoring and invoice discounting group which raised Ј1.8m on AIM last year, has reported maiden…


Venture Finance plc’s financial statement shows decrease in turnover and…

Venture Finance plc’s financial statement showed that turnover fell by 5.1% to Ј21.9 million compared with Ј23.09million for the year…


French credit insurer suffers profit slide as factoring arm disappoints

French credit insurer Euler & Hermes (F.EUL), which is 67.4%-owned by Assurance Generales de France (F.AGF), said Thursday its net…


Apparel manufacturer secures $25m credit revolver against L/Cs, factoring services…

Candie's, Inc. (NASDAQ:CAND) today announced that its wholly owned subsidiary, Unzipped Apparel, LLC, which manufactures and sells Bongo jeanswear, signed…


Factoring and leasing company seeks reduction in financing costs through…

Factoring and leasing company, Siam Panich (SPL) expects to post revenue growth of 22% in 2003, with net interest spreads…


The Royal Bank of Scotland Group records increased income for…

An 11% increase in income, from the restated amount of Ј5,457 million for 2001 to Ј6,052 million for the year…


Chief executive of Potential Finance Ltd reveals expectations for company

Laurence Rutter, chief executive at Potential Finance Ltd, today talked to BCR about the plans for Potential in 2003 –…


S&P cuts Gerling’s ratings to 'BB+' and keeps them on…

Standard & Poor's Ratings Services said today it lowered to 'BB+' from 'BBB' its long-term counter party credit and insurer…


Government statistics show business survival rates improving

The latest analysis from the DTI's Small Business Service shows that 91.4 per cent of VAT-registered businesses are still trading…


Business recovery association (R3) disagrees with DTI business failures analysis

The Association of Business Recovery Specialists, R3, the body representing business rescue professionals, today contradicted the government’s latest figures for…


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