BCR Latest News

Big-3 Banks Allowed to Operate Cross-Strait Banking Services Including Factoring

The Ministry of Finance has issued a green light for the 'big-three' commercial banks--First Commercial Bank, Hua Nan Commercial Bank…


Decline in New Business Start-Ups

83,570 new businesses were started in England and Wales during the second quarter of 2001 – 16% down on this…


Uncertainty Regarding Fate of Demir Factoring

Demir Factoring, the largest of Turkey’s 95 factors with 8.9% market share in 1999, is facing an uncertain future. Whilst…


Davenham to Seek London Listing

Davenham Group plc, the niche provider of asset-based specialised finance solutions to the UK small and medium-sized enterprise (SME) market,…


Irwin Unveils Pilot to Offer Troubled Small Businesses a Second…

Head of the Small Business Service David Irwin today unveiled a pioneering scheme aimed at giving small business suffering from…


DTI Grants RBS/EFS Merger Clearance

The Secretary of State for Trade and Industry has decided on the information at present before her, and in accordance…


Global Trade Finance Commences Trading Today

The new Indian factoring and forfaiting company Global Trade Finance, a joint venture between EXIM Bank and West LB, is…


Fortis Aim for Profit in 2001 as they launch Open…

The annual accounts for Fortis Commercial Finance Limited, the factoring company formed in July 2000 by integrating FMN Financial with…


FS-Banken and SEB Merger Thwarted by EU

The planned merger between SEB and FцreningsSparbanken, two of Sweden’s largest banks, has become unviable as a result of concessions…


Demirbank Bulgaria Bought by Turkish Consortium

Demirbank Bulgaria has been bought by a Turkish consortium consisting of the former owner of the bankrupt Turkish bank, Halit…


Unicredito Italiano Acquires Majority Stake in Demirbank Romania

A 62.5% stake in Demirbank Romania, the company which, according to figures submitted to Factors Chain International for the year…


Indian Institute of Bankers to Offer Development Course in Factoring

As part of its attempts to keep pace with the rapidly changing scenario in the financial sector, the Indian Institute…


North American Factors “Drowning in a Sea of Credit Losses”…

An informed source in Canada was speaking to a colleague in an undisclosed Canadian factoring company owned by a major…


Joint Venture of Banco de Chile and BCI to Will…

Artikos Chile, a company formed with a US$9mil investment by Banco de Chile and BCI (Banco Credito e Inversiones), is…


Sterling National Bank Announces New Hong Kong Subsidiary

Sterling National Bank, the principal banking subsidiary of banking and financial services company, Sterling Bancorp, today announced the launch of…


Intuit Canada Limited and Alliance Financing Group Inc. Announce Strategic…

Intuit Canada Limited, the Edmonton-based provider of e-finance solutions, together with the one-stop financing shop, Alliance Financing Group Inc., announced…


Meeting of Bankers and Industrialists Reveals Level of Pessimism in…

European business leaders are scared. For all the brave words and fine talk that the worse may soon be over,…


Euro Fails to Penetrate the UK

"There is some anecdotal evidence that use of the euro is increasing a little," says Leslie Gunde, associate director at…


Exim Factoring Venture to Begin Operations in Ten Days

Global Trade Finance Pvt Ltd, the factoring joint venture company of Exim Bank of India, WestLB (Westdeutsche Landesbank Girozentrale) of…


HBOS Plans to Target Small Business Market

HBOS, the bank formed by the merger of Halifax and Bank of Scotland, is to recruit hundreds of staff in…


Aston Rothbury on Course for Projected 100% Profit Increase in…

Managing Director, Ian Clark, discusses company performance and future plans The Brentwood-based company Aston Rothbury Factors Limited has recorded turnover…


Silverburn Finance UK Ltd Release Abbreviated Annual Accounts

Silverburn Finance UK Ltd have released an abbreviated set of accounts for the year ended 31 January 2001. The results…


Euler’s Factoring Income Increases More than Six-Fold in H1 2001

The Paris-based credit insurer and international financial services group, Euler, has recorded a dramatic acceleration of the amount of its…


UK Small Businesses are Good Credit Managers

Research carried out by the Credit Management Research Centre (CMRC) has revealed that credit management techniques practiced by small businesses…


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