BCR Latest News

UPS Capital Europe Grows

UPS Capital Europe are set to grow and have announced the appointment of a new Sales & Marketing Manager, Guy…


Lloyds TSB Commercial Finance and HPD Software to Develop New…

Lloyds TSB Commercial Finance Limited (LTSBCF), the largest provider of factoring services by volume in the UK, has teamed up…


GMAC Commercial Credit’s Annual Accounts Released

GMAC Commercial Credit today released their annual accounts for the year ended 31 December 1999. Turnover has fallen by 21.62%…


City Invoice Finance Limited’s Annual Accounts Released

City Invoice Finance Limited today released their annual accounts for the year ended 31 December 1999, which was their first…


Rumours of Changes Amongst Industry Players Persist

Rumours are currently circulating that Budapest Bank are planning to withdraw from the Hungarian factoring market. This would leave only…


First National Invoice Finance Limited’s Annual Accounts Released

First National Invoice Finance Limited today released their annual accounts for the year ended 31 December 1999. Turnover has risen…


Sterling Bancorp Announces Third Quarter Figures

The banking and financial services company Sterling Bancorp has today announced its results for the third quarter of 2000. Net…


Grupo Financiero Santander Mexicano Report Third Quarter Results as Factoring…

The finance group Santander Mexicano has today announced a net income of P$677 million for the third quarter of 2000,…


Fortis Buys Back Shares from ING

The Dutch financial group ING has sold 659m Euros’ worth of shares in Fortis back to the Fortis Group itself.…


Capital Bank Cashflow Finance Limited’s Annual Accounts Released

Capital Bank Cashflow Finance Limited today released their annual accounts for the year ended 29 February 2000. Turnover has fallen…


Merger of Bank Zachodni and WBK Announced

Two of Poland’s major banks with factoring divisions, Bank Zachodni SA and WBK (Wielkopolski Bank Kredytowy SA) have today announced…


Keppel Tatlee Finance Ltd Launches New Online Service for SME’s

Singapore’s Keppel Tatlee Finance Ltd (SGX:KTFN) has launched a new internet service called e-Factoring. Developed by S&I Systems Pte Ltd…


Accord Financial Corp. Enjoying Record Activity

Ken Hitzig CEO Accord Financial Corp. has reported record activity in one of its wholly owned subsidiaries JTA Factors Inc.,…


CIT Forms Strategic Alliance with Ftadirect.com

CIT Commercial Services has announced a strategic alliance with FTADirect, a leading online business-to-business marketplace for the textiles and finished…


GMAC Joins Global Financing Network

GMAC has joined the eCredit.com Global Financing Network as a financing partner. The Global Financing Network connects businesses to global…


COMFEX: FDA Chairman Outlines What’s in Store for the Future

The Commercial Finance Show opened at the Barbican in London yesterday with a report by Mr David Marsden chairman of…


Client of Presidential Financing Pleads Guilty to Wire Fraud

Lawrence Rosenzweig of the Barridon Corporation has pleaded guilty today in a federal court to the charge of “wire fraud”,…


Finatra acquires Premium Asset Recovery Inc.

Finatra Captial Inc has announced plans to buy Premium Asset Recovery Inc. a factoring company specialising in the collection of…


Heller announces new General Counsel

Heller Financial Inc. has today appointed Mark Ohringer to General Counsel effective immediately. Ohringer joined Heller’s legal department in 1993…


OFEK Forms New Factoring Company

OFEK Capital Corp has announced the formation of a new American factoring company to be known as AFC, and will…


LOFAC Enhance CTS Service

In recent months, Lanka Orix Factors have experienced a slight shift in their client base as they take on more…


On-Line Factoring comes to Sri Lanka

Lanka Orix Factors have this month been able to offer their clients the facility to view their sales ledgers on…


FDA Half Yearly Figures Show 26% Increase in Funding

The FDA has today published its review of the first half of 2000. The results published in the review are…


FMN Financial Limited’s Annual Accounts released

The accounts of FMN Financial Limited (which merged with Fortis Bank Commercial Finance to become Fortis Commercial Finance in July…


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