BCR Latest News

ADB extends US$85m in export credits to SMEs

The Asian Development Bank (ADB) agreed to extend US$85m in export credits to Indonesian small- and medium-size enterprises (SMEs) on…


Spain plans to boost trade with European Union SME newcomers

Juan Costa, the Spanish trade secretary, announced a plan to develop Spanish commerce and investment in the ten countries that…


Plea to government for increased SME funds under existing programmes

The government has been asked by the Davao City Chamber of Commerce to increase available funds to the two existing…


Factoring in the UK Eighth edition now on factorscan.com

BCR announced today that Factoring in the UK: Eighth edition is now downloadable on factorscan.com. The publication, which includes detailed…


Latvian factor intentionally cuts market share

Unilizings leasing and factoring company, owned by Latvian Unibanka, last year earned a profit of 2.53m lats (EUR 4.03m), up…


Government proposed changes to the law will impact factors

The Mexican government will propose modifications to the Auxiliary Credit Organizations Law over the coming months, which would apply to…


SMEs are invited to tap potential of 1.3 billion customers

Local entrepreneurs, and small- and medium-sized enterprises (SMEs) are invited to tap the 1.3 billion customers potential of the 57…


Banks channel fresh loans to SMEs

The Indonesian banking sector channelled some 30.7 trillion rupiah (US$3.3bn) in fresh loans to small- and medium-sized enterprises (SMEs) last…


Close appoints new deputy chief executive

David Thomson has been appointed deputy chief executive of Close Invoice Finance. He will remain Managing Director of Metropolitan Factors,…


An analysis of Scottish corporate failure

Examining the rate of corporate failure in Scotland as a means of identifying overall trends and shifting patterns is a…


Bank of England rate cut dangerous for business?

The latest Government figures (reported on factorscan 7 February) show that the number of companies going out of business is…


Bibby’s national SME survey shows skills gap widening

The shortage of skilled workers across the UK is getting worse and is holding back small- and medium-sized firms according…


Electronic loans to SMEs of US$15.6m via B2B portal in…

Colombia's largest bank, Bancolombia (www.bancolombia.com), paid out in 2002 46.4bn pesos (US$15.6m) through its B2B portal Credipagos Virtual, said electronic…


United States: Jones Day merger with Gouldens confirmed

The international law firm Jones Day and the leading City of London firm Gouldens announced that they will merge their…


The Chartered Institute of Purchasing and Supply joins the Better…

The Better Payment Practice Group (BPPG) has welcomed The Chartered Institute of Purchasing And Supply (CIPS) as its latest member.…


Paris office of Mayer, Brown, Rowe & Maw recruits new…

The Paris office of Mayer, Brown, Rowe & Maw has recruited a team of corporate lawyers from SG Archibald, a…


Coface’s sector trends report published

After several months of price and inventory decline, a cyclical upturn in some economic sectors could provide the basis for…


Independent Growth Finance beefs up their Midlands Office

Independent Growth Finance (IGF) has announced the further strengthening of its client management team with the recent appointment of Geoff…


ABN to provide US$80 m trade finance facility

The International Finance Corporation, (IFC), and ABN Amro signed an agreement to provide Pakistan with a US$80 million trade financing…


Insolvency service to consult concerning extending company administration measures to…

The Enterprise Act received Royal Assent on 7 November 2002. At that time the Secretary of State for Trade and…


Company winding up and bankruptcy petition statistics

The Lord Chancellor's Department today published statistics for company winding up, and creditors' and debtors' bankruptcy petitions issued in the…


Insolvency and VAT set off; advice for insolvency practitioners

It has recently become apparent that insolvency practitioners and their advisers should be particularly vigilant when dealing with Customs &…


Coface reduces exposure 15%

Coface, the French credit insurance specialist, has reduced its exposure to Brazil by 15% to US$1.08bn, daily Valor Economico reported.…


Business association calls for company debt moratorium

Venezuelan public and private sector banks will have to restructure the debts of small- and medium-sized enterprises (SMEs) that have…


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