BCR Latest News

George plc Aims to Improve Cash Flow

Two Merseyside firms, FWL Technologies and Bermans Solicitors, together with the Merseyside Special Investment Fund (MSIF) have joined forces to…


Byers Says New Budget Will Encourage Innovation, Enterprise and Investment.

The Secretary of State for Trade and Industry, Stephen Byers, has today commented on the impact of this week’s pre-budget…


Taiwan Government Seeks to Calm Stock Market by Rationalising and…

The Government of Taiwan is seeking to accelerate the introduction of a new law aimed at reducing the number of…


Crйdit Lyonnais Portugal Sold to Banco Bilbao Vizcaya Argentaria

The French based bank Crйdit Lyonnais has sold 85% of its Portuguese subsidiary Crйdit Lyonnais Portugal to the Spanish bank…


Malaysian Banks Continue to Record New Non-Performing Loans

In January-June 2000 the six largest listed Malaysian banks recorded new non-performing loans at an annualised rate of 11% on…


SunTrust Group Records Only Modest Third Quarter Profit Growth

The USA based SunTrust banking group which includes a factoring operation has reported net income of $326.8m in the third…


Bank of America Sees Growth in Non-Performing Loans

In the July-September 2000 quarter Bank of America, the second largest US financial services company, whose interests include factoring, recorded…


Italy’s UniCredito to bid for Komercni Banka of the Czech…

UniCredito Italiano SpA, the Italian banking group, is to bid for the Czech Republic’s third largest bank, Komercni Banka (KB)…


EU Commissioner Calls for Faster Cross Border Bank Transfers

The EU’s single market commissioner, Frits Bolkestein, has today urged EU banks to speed up payments between banks and reduce…


KBC and ABN Merger Goes Ahead

The proposed merger reported last month between Kereskedelmi es Hitelbank (a subsidiary of Belgium’s KBC Bank) and Magyar Bank (owned…


Worldcatch Brings Factoring to the Seafood Market

The leading online marketplace for the global seafood industry, Worldcatch has today launched a factoring service offering sellers of seafood…


Unicredito and Allianz Increase Shareholdings in Bank Pekao

A deal was completed today which saw Unicredito Italiano raise its stake in Poland’s Bank Pekao from 50.09 % to…


Fairfax Gerrard Holding Limited’s Annual Accounts Released

Fairfax Gerrard Holding Limited today released their annual accounts for the year ended 31 December 1999. Turnover has fallen by…


Credit Lyonnais Commercial Finance Becomes Eurofactor (UK) Ltd

As of today, the company formally known as Credit Lyonnais Commercial Finance Ltd will be known as Eurofactor (UK) Ltd.…


Den Norske Bank Profits Rise by 29%

Den norske Bank, Norway’s largest bank and parent company of one of the Norwegian factoring industry’s major players (DnB Factoring)…


CIT Group Records 58% Net Income Growth in January-September 2000

The CIT Group Inc (which offers a range of financial services including factoring, structured financing, equipment, commercial and consumer financing…


KBK Capital Corporation Records Sharp Growth in Net Income

KBK Capital Corporation of Fort Worth, Texas (which provides commercial loans, mezzanine loans and factoring to middle-market businesses) has reported…


UK Government Launches Aid Package for Companies Experiencing Short Term…

A new Inland Revenue/Customs and Excise unit is to be set up by the UK Government with the aim of…


Euro Sales Finance announces new CFO

Euro Sales Finance plc, the independent European provider of sales finance solutions, today announced the appointment of Bernward Rohmann as…


Sharp Rise in French Start-up Investment

In the first half of 2000 investment in start-up companies in France rose by over 25% to FF3.4 bn from…


UK Government to Explore Over-indebtedness Causes and Solutions

The UK Department of Trade and Industry has set up a task force to examine the causes of over-indebtedness and…


Isis Factors Plc Joins Factors and Discounters Association

Isis Factors Plc, a subsidiary of London Scottish Bank and established in 1991, has joined the Factors and Discounters Association…


March-September 2000 Small Firms Loan Guarantee Scheme Led by NatWest…

At Ј30m, NatWest Bank led the list of loans made under the Small Firms Loan Guarantee Scheme during the six…


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