BCR Latest News

Iraqi banks modernise lending techniques.

Following technical assistance and training from the Izdihar project, two Iraqi banks have introduced changes to strengthen customer relationships and…


Fitch affirms Export Development Bank of Iran rating

Export Development Bank of Iran provides working capital, buyer's and supplier's credit, project finance, letters of credit and guarantees (more…)


Red Castle Recoveries sold to Nordic invoice discounter

With operations in the Nordic countries, Gothia offers arrange of invoice discounting, debt purchase and collections services across the region…


Platinum Funding provides factoring facility for Certus Software

Platinum Funding Group has announced a factoring facility for an industry-leading provider of governance, risk and compliance software and services (more…)


Experian-Scorex appoints country head for Greece and the Balkans

Experian-Scorex, the global decision analytics business of Experian, has appointed a new market head for Greece and the Balkans (more…)


Muskat Finance announces net profit increase, proposes cash dividend

The board of directors of Muscat Finance has adopted the financial statements for the year 2006 and recommended (more…)


Allianz to close six Euler Hermes offices

Allianz, the German insurer, has revealed that it will close down six of the 17 offices of its subsidiary Euler…


ADB to invest up to USD3m to support SME loan…

ADB will make an equity investment of up to US$3m in a company specialising in guaranteeing loans for small- and…


Lancashire finance firms scoop top accolades

The Lancashire Dealmakers Awards annual ceremony attracted finance professionals from across the county to (more…)


National Factoring Company Issues Rouble-denominated bonds

Experts think rouble-denominated CLN are of interest to foreign investors and the issuer, in turn, has the chance to place…


GE Corporate Lending provides USD200m asset-based finance to toy retailer

GE Commercial Finance - Corporate Lending today announced it has provided a US$200m asset-based credit facility to the largest mall-based…


Venture Structured Finance funds Precision Engineering MBO

The management team at Precision Engineering Ltd (PEL) has acquired the business via an MBO. Funding was provided by Venture…


South Africa 2006-2007 – Factoring becoming increasingly important

There are developments currently in progress to produce an industry wide electronic interface system that will enable factors to receive…


Ukraine 2006-2007- Positive environment for the factoring industry

One of the most noticeable trends in the Ukrainian financial market is the growing demand for factoring services. Ukrainian factoring…


Germany 2006-2007 – Factoring market in period of dynamism and…

The German factoring industry is enjoying long-term consistent growth, averaging 18.5% per year since 2001. Though factoring is readily accepted as an…


Psagot Financing And Factoring Ltd to lead purchase of Gadish

Gadish provident fund is to be acquired by a group of investors led by Psagot Financing And Factoring Ltd (PSFN).…


Factor is debtor-in-possession in Trinsic Chapter 11 protection

Company officials with Trinsic said they had no choice but to file for bankruptcy after Thermo Credit LLC pulled its…


Macquarie bank allies with supply chain financier PrimeRevenue to bolster…

PrimeRevenue announces that Macquarie Bank has selected PrimeRevenue's technology and services as it looks to leverage its global capabilities in…


Landsbanki Commercial Finance continues expansion in 2007 with six new…

Landsbanki Commercial Finance (LCF) announces six new appointments to its team. Brent Osborne, managing director, celebrates the expansion: In the…


GE Leasing to offer daily purchases of receivables

GE Capital Leasing Corp. will this month begin factoring operations that buy accounts receivable from manufacturers as often as on…


BB&T Commercial Finance creates supply chain finance team

Three veteran bankers have joined BB T Commercial Finance to create a new Supply Chain Finance team (more…)


SME growth strong during last quarter of 2006 – PKF

The PKF SME Index, a quarterly survey of 800 SMEs in the construction, manufacturing and service sectors shows business activity…


Florida joint venture to offer accounts receivable factoring

BankAtlantic, Tampa Bay, has formed a joint venture with Florida Corporate Funding of Boca Raton to provide businesses with cash…


Exim Bank plans to boost export activity with finance to…

The state-owned bank has introduced a new financing facility for export service providers. Previously, the Exim Bank had offered loans…


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