BCR Latest News

Company insolvencies still rising in November

The UK recorded 1,855 business failures in November 2002, according to the latest figures released by Experian, the global information…


USA bankruptcy filings hit historic high

The number of bankruptcy filings in the federal courts in Fiscal Year (FY) 2002 broke records again, and with no…


The Credit Reference Bureau and African Trade Insurance Agency announce…

The African Trade Insurance Agency (ATI), the continent’s only pan-African, multilateral export credit and political risk agency, today announced that…


ABC group chief executive office says Zambian market responding well…

The African Banking Corporation (ABC) group is to invest an additional US$2million in its operations in Zambia because the country…


Cattles Invoice Finance open new office

Cattles Invoice Finance has expanded its operations with the opening of an office in Glasgow. The office will offer a…


Fleet Capital provides US$100 million asset-based credit facility to Columbus…

Fleet Capital Corporation, one of the United States's largest asset-based lenders, announced today that it served as agent for a…


Fed set to hold interest rates after White House shake-up

Federal Reserve policymakers are expected to hold interest rates at a 41-year low when they meet tomorrow following the sudden…


China plans loans boost for SMEs

China plans to push forward the deregulation of its interest rates next year to boost lending to private companies, a…


FDA’s Sixth Annual Conference proves a formula for success

Monte Carlo, Europe’s playground for the rich and famous, was the setting for the 6th Annual Factors and Discounters Association’s…


Unexpected interest rates cut

The Riksbank, Sweden's central bank, surprised financial markets yesterday morning by lowering its key rate for the second time in…


Interest rates: mixed reaction for Bank of England as ECB…

Manufacturers attacked the Bank of England yesterday for holding interest rates at 4 per cent for the 13th successive month…


Tax authority uses tax cuts as incentives for SMEs

Small and medium-sized enterprises (SMEs) will receive more tax deductions if they attract foreign capital or advanced technology. The National…


SMEs find it difficult to raise finance

Many small- and medium-sized enterprises ( SMEs) in Vietnam are currently faced with difficulties in attracting capital, according to a…


IFC grants Banorte US$100 million for SMEs

The International Finance Corporation (IFC) of the World Bank has granted a US$100-million credit line to Grupo Financiero Banorte to…


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…


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