BCR Latest News

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…


FDA’s latest statistics show decrease in export factoring

The FDA’s latest quarterly statistics show a decrease of 2% in export factoring volume and a decrease of 1% in…


Factoring and leasing company to raise Ђ241.8m through asset-backed floating…

Commercio e Finanza Leasing e Factoring SpA (CFLF), which is headquartered in Naples, is raising Ђ241.8 m through the planned…


Sparkling performance from major factoring and leasing company as sharply…

The net profit of Estonia's Uhisliising (Uhispank Leasing) group was 99 million kroons (Ђ6.33 m) last year against 58.4 million…


Survey reveals factoring leads credit insurance as the most popular…

More than half of the companies within the apparel and home goods industries have failed to diversify their customer base…


‘Flawed economic policies’ that are damaging SMEs and big business…

According to Samoobrona (Self-defence) leader Andrzej Lepper, farmers’ protests have been caused by improper financial policy. "SMEs are going bankrupt,…


SMEs’ fears over economy grow although staff cutbacks will be…

Small and medium-sized companies are increasingly pessimistic about the future of the domestic economy but still have no plans to…


Over 30,000 SMEs turn to invoice finance, as factoring becomes…

The FDA has released its 2002 Annual Figures on the factoring and invoice discounting industry showing that the UK market…


The Financial Times advises businesses on managing down the cost…

If working capital were to be renamed "waiting capital", perhaps a revolution of comprehension and corrective action might follow. Instead,…


Leading Latvian factor stays on top

The leasing and factoring portfolio of Latvia's Hanza Lizings company gained 31 percent last year to 167 million lats, holding…


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