BCR Latest News

Trade financing becomes frontier for bank rivalry

Kenya Commercial Bank has joined the Global Trade Finance Programme as an issuing Bank following the signing of a shillings1.6bn…


Commercial finance industry gets enhanced risk analysis

Risk Factor Solutions Limited has linked up with Experian to enhance its offering to the commercial finance industry. (more…)


iMX Factoring software solution now in production

IFB - International Factor Belgium, now a full subsidiary of the KBC Group, have implemented iMX Factoring, the CODIX software solution. (more…)


Cattles – trading to date above management's expectations

Cattles Invoice Finance has reported a 3% rise in client numbers to 697 during the five-month period. The value of…


Credit card factoring – a niche factoring opportunity

Merchant cash advance strategies or "credit -card factoring" for short-term working capital management is often overlooked because of an apparent…


Fitch rates Factorline US$38m bonds A-

Fitch has assigned an A- rating to Chilean factoring company Factorline's first line of peso20bn 10-year bonds. (more…)


IFC signs NBC into global trade finance program

Uruguay's Nuevo Banco Comercial (NBC) and its Brazilian subsidiary Banco Comercial Uruguai have joined the IFC's global trade finance program…


Dresdner Factoring to register loss for 2007

Dresdner Factoring is anticipating a loss for 2007. The company expects to be in the black for the second half…


Trade financier CCH profits rise, shares jump

British trade finance firm CCH International Plc. posted annual profits up 460 percent thanks to acquisitions and demand for its…


Fortis and China's Sinosure agree insurance joint venture

Belgo-Dutch bancassurance group Fortis NV announced it has signed a comprehensive business cooperation agreement to create an insurance JV with…


Coface ratings affirmed AA+, stable outlook

Fitch Ratings announced it has affirmed the insurer financial strength of the major insurance entities of the Coface group at AA+.…


Canadian staffing companies have new financing option

Meeting payroll will now be easier for Canadian temporary staffing agencies withCommercial Capital LLC's recently launched staffing agency factoring financing…


Mauricio Pierson on CrediFactor and developments in the Nicaraguan factoring…

Mauricio Pierson, President of CrediFactor, the largest factoring company in Nicaragua, shares his thoughts with Bridget Rattigan, on CrediFactor and…


Exim Bank and IFC selling stakes in GTF Ltd

Exim Bank and IFC, Washington, are negotiating with a large foreign bank to sell off their stakes in Global Trade…


HUF 200bn in EU funding for Hungarian SMEs

Minister of Economy and Transportation Janos Koka said that Hungary will have access to HUF 1,500bn (EUR 5.92bn) in EU…


RBI credit insurance arms pays up Rs100 crore to repay…

Eight co-operative banks in India have defaulted on deposit repayments during April - May 2007, forcing depositors to invoke insurance…


PEs alternate funding source for SMEs

India's SMEs are no longer depending on banks for funding. Now, leading investment houses and private equity, or PE funds…


Fortis closes offer on Pacific Century Insurance Holdings

Fortis has announced that it has acquired 98.59% of shares and options of Pacific Century Insurance Holdings Limited (PCIHL), based in…


Political decline overshadows good economy in new EU states

Rising partisanship in central Europe has diverted the ruling elites from their efforts to continue political and economic reforms, American…


10 free credit limits offer marks IGF's 10th anniversary

IGF, a UK independent commercial finance company, have announced that businesses which sign up to its Bad Debt Protection service,…


Hilton-Baird cuts a deal for eco-friendly paper charity

To accommodate future growth, Hilton-Baird helped Apsley Paper Trail secure an undisclosed invoice discounting facility from Close Invoice Finance. (more…)


Euler Hermes UK PMI Exporters’ Index

Latest data signalled the continued growth of UK export markets in May, as global economic conditions remained favourable, according to…


Polish factoring firm GF Premium drops 4.3% on Warsaw stock…

Allotment certificates for shares in the Polish factoring company GF Premium dropped 4.3% to PLN 26.8 on its Warsaw Stock…


Bank of Ireland appoints a new head of global specialised…

Bank of Ireland has announced the appointment of Adrian Sainsbury as head of global specialised finance. (more…)


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