BCR Latest News

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…


US Factoring Industry Snapshot From HSBC President, John Heffer

There have been unprecedented numbers of mergers and acquisitions in the US factoring industry in the last 12 months, with…


Reduced Margins could Dramatically Reduce Numbers of Factors

The government has succeeded in reducing interest rates to between 25-35%, which means that factors are having to operate under…


Two new players in Romanian Market

Two new players have recently joined the Romanian market, The Romanian Commercial Bank and Demir Bank of Romania in offering…


Malayasia records growth in GDP of nearly 20%

After the regional financial crisis of 1997 the Malaysian market is finally beginning to turn around. With a recorded growth…


Factoring Market in Cyprus Predicted to Grow by 30% in…

According to George Georghiou, Manager of Laiki Factors in Cyprus, there is likely to be a significant growth of around…


Have Industry Mergers and Consolidations Damaged the Factoring Industry?

Consolidation among companies that provide finance for small businesses is making it harder for companies to get cash, reports the…


Alliance & Leicester Hope To Offer One Stop SME Shop…

Alliance & Leicester is trying to put together a joint venture with an invoice discounting and factoring supplier to offer…


New Factor to Float on AIM

Potential Finance Group plc, which was recently established to provide factoring & invoice discounting services to small and medium sized…


Ministry of Finance Considers Bank Pleas.

According to Jeff Liu, Senior Vice President of the Chailease Finance Corporation, several banks are currently urging the Ministry of…


Strategy Alliance of Dah An Commercial Bank and Chailease

Underlining an ongoing trend in Taiwanese banking, Dah An Commercial Bank have entered into a co-operative arrangement with the Chailease…


Chailease Launch E-Commerce Service

From August 2000, clients of the Chailease Finance Corporation, Taiwan’s largest international factor, will be able to access their accounts…


Venture Finance expand their Product Range

Equity Participation and Trade Finance Services now available. Venture Finance plc has diversified its product range by introducing the above…


Magyar Annual Report

Key figures from Magyar Annual Report(HUF million) 1999 Total Assets 682,963 Shareholders' Funds 61,369 Profit before taxation 7,170 Capital Adequacy Ratio(BIS, unc.,%) 14.0% 


Management Buy-Out of Davenham Group for Ј60 million

The Bermuda based Bank of NT Butterfield & Son have made Ј60 million from an MBO of the Manchester based…


Bank Lending Declines 18.7% in First Half

Bank lending in Thailand declined 18.7 percent, or 820 billion baht, compared with last year's first half, said Thai Farmers…


China Signals Freer Policy on Interest Rates

The Chinese Government is paving the way for a relaxation of currency trading rules as part of sweeping reforms to…


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…


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