BCR Latest News

UK receivables finance subsidiary hit by fraud investigation into Norwegian…

The first repercussions resulting from this fraud investigation are beginning to emerge. Nick Grainger, managing director of Finance Credit Limited,…


SMEs’ business sentiment hits three-month low

As the winter commercial season nears, business sentiment among small- and medium-sized enterprises (SMEs) continues to drop, as it has…


Macao to support development of SMEs

China's Macao Special Administrative Region (SAR) plans to take a series of measures to support the development of small and…


BankThai targets 1300 Japanese SMEs operating in Thailand to boost…

BankThai plans to aggressively expand services to Japanese companies and clients operating in Thailand in 2003, according to Duangphorn Sucharittanuwat,…


SME manufacturers bullish on 2003 economy; their financing requirements will…

The majority of SME manufacturers’ chief financial officers (CFOs) anticipate revenue growth for their companies according to a recent survey.…


Development bank to grow lending for SMEs in 2003; factoring…

Chilean development bank Banco del Desarrollo aims to grow lending 8-10% next year, compared to this year's forecast 3.6% growth,…


Businesses sceptical about Chancellor’s optimism on future growth

Businesses do not share the chancellor's optimism in a swift revival of growth next year, according to several confidence surveys…


Factor gets clearance to buy back its stock

Accord Financial Corp. (TSX - ACD), a leading North American provider of asset-based financial services to businesses, including lending, factoring,…


GE Commercial Finance completes acquisition of structured finance business

GE Commercial Finance announced it has completed its acquisition of the structured finance business of ABB. ABB and GE Commercial…


Bibby is voted ‘Best Factor and Invoice Discounter of the…

Leading business finance firm, Bibby Financial Services has been awarded the “Best Factor and Invoice Discounter of the Year” award…


Risk weighting for bank loans to SMEs reduced in anticipation…

The Philippine Monetary Board approved on 21 November 2002 a lower risk weight for banks’ SME and micro-finance loan portfolios…


Minerals firm secures combined export credit and commercial loan facility…

First Quantum Minerals Ltd. has signed a mandate and indicative term sheet with Standard Bank Group and WestLB AG as…


One Asset defends performance of SME Venture Capital Fund.

One Asset Management executives insist that they have managed the state-sponsored SME Venture Capital Fund with full professionalism, and that…


State-owned bank boosts export finance to SMEs

Brazil’s federally owned Banco do Brasil (BB) was very much in the news as it boosted its Proex export financing…


Stock Exchange clears factoring company for SME listing

The Philippine Stock Exchange has approved the listing of leasing and financing firm Makati Finance Corp.(MFC) on its small and…


Local banker plans to buy into US

Chilean banker Odde Rishmague, who is engaged in factoring, financial advisory, and real estate in his home country, is planning…


Siemens Financial Services and Aon Jauch & Hьbener pool industrial…

On Nov. 26, 2002, the EU Commission approved the creation of Industrieschutz Insurance Broker GmbH (IIB) retroactively from Oct. 1,…


Gerling divests unwanted business in re-focusing effort

Gerling Group said it has reached a deal to divest its reinsurance operations to a consortium headed by a former…


Government plans credit safety net for SMEs

The Japanese Ministry of Economy, Trade and Industry plans one trillion yen (8.2 billion US dollars) in safety net measures…


Export Credit Agency releases first annual report

Africa is a particularly risky continent on which to do business. In recognition of that reality, the South African government…


Chancellor helps SMEs to obtain credit

Thousands of small businesses will find it easier to obtain bank loans because of changes announced in today's Pre Budget…


Minister announces package to reverse SME decline

Economy Minister Jacek Piechota has announced that a second legislative package will be issued this year to promote small and…


Transamerica signs US$30 million asset-based finance facility

Zones, Inc. (Nasdaq:ZONS), a single-source direct marketing reseller of name-brand information technology products, announced today that it has refinanced its…


EBRD to finance factoring and leasing operation

The European Bank for Reconstruction and Development (EBRD) and Hansabank will sign a cooperation agreement on financing the operation of…


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