BCR Latest News

Venture Capitalists Remain Optimistic

US venture capital financing has slowed slightly in the second quarter, but still remains at record levels of about US$1bn…


Potential Impact of Change in SEC Disclosure Rules

A new rule is proposed by the US Securities and Exchange Commission to stop companies giving favoured analysts and investors…


Canadian Factoring Industry Volume Figures for 1999

Company Volume Factored in $ millions Percentage Increase from 1998 Percentage of Industry Total Volume Non Recourse Factors Accord Business Credit Inc 762 -1.2% 26.3% GMAC Commercial Credit Corp 740 -5.1% 25.6% Brome…


Businesses Voice Fears Over Interest Rate Rises

There are concerns that the recent interest rate rises in Australia will shatter levels of confidence, leading to a fall…


Prime Minister Warns Against Insularity

The Indian Prime Minister, Atal Behari Vajpayee, has told his party that “all of us should realise that globalisation is…


Interest Rate Rises

Interest rates in Australia have been raised for the fifth time in nine months. The new rate was set at…


Opportunity Knocked for Regulation of Czech Factoring

A bill that would force the central bank to consult with the government and report to the parliament on a…


Konsolidacni Banka Cancels Agreement with U.S. Ayres Corp

Konsolidacni Banka, the Czech state factoring bank, has today announced that it has cancelled an agreement made in June with…


Government Reforms Fail to Inspire Confidence

In spite of the introduction of laws this year to protect minority investors and to eliminate capital controls, levels of…


SFF Affacteurage and SLIFAC merge to form Eurofactor

France’s second and third largest factors (by turnover and market share) have merged to create Eurofactor, which claims to be…


LOFAC’s Export Factoring Figures, January – July 2000.

Country Volume (in US$) Percentage of Total Export Factoring Volume Canada 599,324 24.24 Poland 426,312 17.24 USA 345,688 13.98 UK 262,742 10.63 Germany 183,275 7.41 France 139,284 5.63 Netherland 126,076 5.10 South Africa 98,310 3.98 Australia 97,452 3.94 Chile 76,694 3.10 Japan 58,800 2.38 Italy 31,485 1.27 Belgium 25,919 1.05 Austria 938 0.04 Total 2,472,299 100 


Disappointment as Inflation Continues to Increase.

A report on 3 August 2000 has revealed that there has been a 2.2% increase in consumer price inflation for…


Industry Optimism Follows Failure to Raise Interest Rate

There were worries that recent strong rates of growth would lead to the Bank of England raising the rate of…


Interest Rate Instability Continues

There has been a sharp increase in the money market rates in Sri Lanka during the last month and a…


Euro Sales Finance Announces Record Profits

Euro Sales Finance plc, the pan European factoring and invoice discounting company, has reported record profits for the year ended…


BCP trumps Deutsche Bank struggle for BIG

After a year long struggle for control over Poland’s BIG Bank Gdanski, Banco Comercial Portugues (BCP) has succeeded in taking…


Serious Fraud Office Launch Investigation into Versailles Collapse

The Serious Fraud Office have issued a press release stating that they are to conduct an investigation into the business…


Liquidator Appointed Following Versailles Hearing

After last week’s British Virgin Islands hearing, a court ruling has been made that promises to reveal more about the…


Versailles Investors Launch Court Action in British Virgin Islands

Two members of the group of wealthy individuals that helped fund the trade finance group Versailles (which went into receivership…


Versailles Keeps it in the Family

According to The Guardian, Versailles, the trade finance company which went into receivership in January 2000, owing its banks approximately…


Versailles to Face Investors in Court

Two members of the group of wealthy individuals that helped fund Versailles, the trade finance group which collapsed in January,…


Versailles’ Investors Launch Court Action in British Virgin Islands

Two members of the group of wealthy individuals that helped fund the trade finance group Versailles (which went into receivership…


Impact of EDC Joint-Venture Still Unclear

The Canadian Factoring Association was brought into being to lobby the government and the Export Development Corporation (EDC). In the…


Key Developments in German Factoring Market According to Bertelsmann

The factoring market in Germany has remained fairly steady in the last few months, with DG Bank continuing their dominance…


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