BCR Latest News

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…


CapitalSource forms Finance Division for SMEs in media and communications

CapitalSource, a leading commercial finance firm headquartered in Chevy Chase, Md., announced today the formation of a new division focusing…


Euro Sales Finance release financial statement for the six months…

Euro Sales Finance has released its financial statement for the six-month period ended 31 December 2001. The company recorded a…


Business sentiment eases recession fears

Germany's closely-watched business climate Ifo index fell for a sixth consecutive month in November, confirming the fragility of German economic…


US economy hits 4% growth in third quarter

The US economy grew faster in the third quarter than first reported, and consumer confidence rose from a nine-month low…


International Factors Group (IFG) to widen role in international receivables…

At their recent General Assembly, the International Factors Group decided to reposition and widen the scope of the Group’s role…


Hong Kong October exports post fastest growth in 2 years

Hong Kong's exports exceeded expectations to post the fastest growth rate in two years, as strong exports growth to China…


Businesses to book bad debt as cost to cut taxes

Some 36,000 companies have reported their intention to book bad debts totalling ZL5.7bn as costs in order to reduce their…


Manufacturers confident about economy

Local manufacturers are concerned about oil price fluctuations and global economic uncertainty, according to the first Thai Industries Sentiment Index…


Call for tougher export credit agency guidelines

Environmental pressure groups will meet officials from the Organisation for Economic Co-operation and Development today as they launch a campaign…


Experts propose comprehensive service system for Chinese SMEs

Chinese and Italian experts proposed setting up a comprehensive service system for China's small and medium-sized enterprises (SMEs). Statistics from…


East China promotes SME development.

Small and medium-sized enterprises (SMEs) with potential are facing problems with back-up services such as financing, personnel training, management consultancy…


Factoring and leasing flourishes in Latvia

The aggregate leasing and factoring portfolio of members of the Latvian Leasing Provider Association (LLPA) reached 259.5 million lats in…


Gathering clouds over Asia's 'star pupil' are bad news for…

South Korea has paid back its debt to the IMF, cleaned up most of its bad loans and emerged as…


Sterling Bancorp announces healthy increase in its effective annual dividend

Sterling Bancorp (NYSE: STL), parent company of Sterling National Bank, today announced that its Board of Directors declared a 20%…


Fast growth as factoring gets wider acceptance.

Factoring companies have increased their business by 8.2% from January to September to Pesos$1,228,287 million (US$1,820 million), according to estimates…


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