BCR Latest News

Positive Reaction to Mexican Election

The election result for 2 July was better than expected. The financial markets reacted very well, with falls in country…


Insolvency Service Crack Down on Crooked Directors.

The Insolvency Service’s Annual Report, released on July 20th, has shown a 20% increase in the number of unfit directors…


Enel Invests in Factoring

Enel, the Italian electricity group, has created Enelfactoring, a new company which will operate in the corporate factoring sector. The…


Hewitt Launches Business Debtline

Small Business Minister Patricia Hewitt on the 12 July 2000 launched the Business Debtline, a telephone helpline aimed at helping…


Factoring Turnover up 42%

The Spanish factoring sector posted a turnover of Pta2,288bn in 1999, up 42.16% on 1998 figures of Pta1,600bn, thanks to…


Finova In Trouble

Finova Group Inc. retained Credit Suisse First Boston to review strategic alternatives, including a possible sale, due to short-term financial…


MetroCorp BancsharesInc. Records a $5.3m Factoring Receivable Charge-Off

MetroCorp Bancshares Inc. announced that Advantage Finance Corporation, the factoring subsidiary of MetroBank N.A., has reportedly been the victim of…


Fortis Bank Commercial Finance and FMN Financial join forces.

Fortis Commercial Finance Up and Running Fortis Bank Commercial Finance and FMN Financial will from now on be working together…


RDM branch out in Manchester.

RDM Factors have opened their tenth office in UK on 8 May. The new branch is located in Manchester and…


Euro Sales Finance Poised for International Expansion

Euro Sales Finance Completes 2nd Asset-Backed Securitisation Sructuring Euro Sales Finance PLC said it has successfully completed the structuring of…


MBf Factoring Sales Looking Better

According to MBF Capital's Chief Executive Officer Datuk Loy Teik Ngan, sales by MBf Factoring are looking better than last…


SBI Factors Lobbies for Regulatory Changes

SBI Factors is looking for certain regulatory changes to ensure that factoring takes off in a major way. Business is…


Canbank Predicts Strong Turnover Growth

Canbank Factors achieved a turnover of Rs. 1,000 Crores in 1999-2000 and expect growth of 25-30% in the coming financial…


Internet-based Debt Exchange to Open

Adossag Borze Kft on Wednesday announced that it will launch an internet debt exchange platform for factoring companies from June.…


Fall in Market Share for DG Diskont

The bank is a market leader in Germany in the field of factoring, but has suffered a drop recently in…


Deutsche Factoring Bank Increases Turnover

Deutsche Factoring Bnak increased turnover by 8% to about 1.8bn euros in 1999. Annual net profits rose by 1% to…


Etoile Commercial Contributes to Gurling Namur Profit Growth

Gerling Namur Profit up by 43% Gerling-Namur, the subsidiary of German Gerling Credit Insurance Group, saw consolidated profit rise 9…


Gerling Namur Profit up by 43%

Gerling-Namur, the subsidiary of German Gerling Credit Insurance Group, saw consolidated profit rise 9 per cent to BFr8.43bn in 1999.…


Belgo Factors, Ace & FMN Merge to form Fortis Commercial…

Belgo Factors, FMN Finance Housing and Ace Factors, the Belgian factoring companies, are merging today to form Fortis Commercial Finance…


Hansa Leasing Achieves Factoring Profit

Hansa Leasing Increases Factoring Turnover Hanza Lizingas [Hanza Leasing], the leader of Lithuania's factoring market, hopes for further growth in…


Scottish Pacific Business Finance Bought

St. George Bank has agreed to acquire the Scottish Pacific Business Finance Group (SPBF) for 42 million Australian dollares, subject…


Siam General Factoring Issues Preferred Shares

Siam General Factoring Plc said its board of directors had approved a plan to increase capital... (more…)


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