BCR Latest News

Banks Reduce Offer of Credit

Brazilian banks are reducing the offer of credit to small and medium sized companies due to the growth of default…


Euro Sales Finance Records Loss Before Tax of Ј10.9million

Year end results to 30 June 2001 Euro Sales Finance (“ESF”), the pan European sales finance company, today announces its…


Factoring Contributes to Healthy First Half Results for Banco Espirito…

The Lisbon-based Banco Espirito Santo, the principal subsidiary of the Espirito Santo Financial Group S.A., today announced its 2001 First…


RBS Boosts Invoice Finance

Faster access to invoice finance is being offered electronically by Royal Bank of Scotland’s commercial services arm. Through the KeyCash…


UK Manufacturers Suffer Worst Quarter since 1991

Manufacturing has suffered its worst quarter since 1991, official figures showed, confirming that the industry has gone into recession. Although…


Euro Sales Release Draft Account Details

The board of the stricken factoring company, Euro Sales Finance plc, has today issued draft accounts for the year ended…


Factoring in the Implications of GE Capital’s Heller Buy-Out

It is thought that GE Capital’s acquisition last week of Heller Financial for $5.3bn, whilst significant in the broader context…


Companies Taking Longer to Pay Bills than when Legislation was…

Many companies in the UK are delaying payment of their invoices as a means of bolstering their cash flow as…


Asta Reports 49% Increase in Net Income

Asta Funding, the financial services company which specialises in factoring and the purchase, liquidation and management of performing and non-performing…


DTI Records Increase in Corporate Insolvencies in Q2 2001

Statistics showing insolvencies in the second quarter 2001 are published today by the Department of Trade and Industry. Company Insolvencies…


Eurofactor Contributes to Growth of Euler Group

The credit insurer and provider of other diverse financial and management services, Euler group, has recorded a rise of 15%…


New Rules for Mutual Trust Funds Could Have Implications for…

The Ministry of Finance announced on 1 August a set of draft rules governing the management of mutual trust funds,…


Factofrance Heller Bought by GE Capital

The leading French factoring specialist, Factofrance Heller, has become part of GE Capital, the financial arm of General Electric, following…


Fourth Person Charged in Versailles Alleged Fraud

A fourth person was charged yesterday by the Serious Fraud Office in connection with the collapse of Versailles, the trade…


Former Versailles Executives Charged

Following their surrender today at Charing Cross Police Station, Carl Cushnie, the former Chairman and Chief Executive of Versailles, and…


City Invoice Finance Break into the Profit Zone

The annual accounts for the factoring company City Invoice Finance Ltd for the year ended 31 December 2000 record that…


Accord Financial Corp Announce Second Quarter and First Half Results

The Toronto-based Accord Financial Corp (which through its subsidiaries in Canada and the United States, provides asset-based financial services to…


KBK Capital Corporation Plans to Boost its Factoring Portfolio After…

KBK Capital Corporation, which provides financial services to middle-market businesses, today reported its operating results for the second quarter and…


French Factoring Market is Still Very Concentrated

There are very few factoring companies in France (25 at the end of 2000), and the five main players in…


Taiwan's Bank Sinopac launches MMAb2b.com to Provide Factoring Service for…

Taiwan-based Bank Sinopac launched a website--MMAb2b.com to provide factoring service for enterprises in August 2000. Bank Sinopac has recorded a…


Bidders Emerge For Euro Sales Finance

Euro Sales Finance, the invoice and factoring group that issued a profit warning back in April, has come into play…


Maybank Develops All-In-One Finance Package

MAYBANK Group has come up with an all-in-one financing package for industrialists requiring financing from scratch for their businesses. The…


Bay View Capital CEO Outlines Strategy at Annual Shareholders' Meeting

CEO of Bay View Capital Corporation (based in the San Francisco Bay area) outlined the company's strategy for building shareholder…


ZBD Financial Services Profit Up 177%

Although it had a net loss under current cost accounting, ZDB Financial Services saw its net profit increase by 177%…


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