BCR Latest News

Factoring Security Q3 profits up 21pc

Chilean financial group Grupo Security saw Q3 2006 profits rise 16% compared to the same period 2005, according to the…


Accord reports substantially higher third quarter

Accord Financial Corp. has announced its unaudited consolidated financial results for the three and nine months ended 30 September 2006…


American Capital commits USD50m to First Capital

First Capital was founded in 1988 and focuses primarily on providing traditional factoring and asset-based lending services. The company also…


Atradius warns UK firms in danger of bad debts in…

Booming economies may offer great opportunities for UK firms, but they can also cause costly headaches for companies chasing down…


More small businesses turning to alternative financing

A new report published by the Federal Reserve finds that increasing numbers of small businesses turned to non-bank financial institutions…


BRE Bank eyes Czech and Slovak markets

BRE Bank holds a 50% stake in factoring company Transfinance in the Czech Republic. In Hungary, it holds 50% of…


Coface forms venture with Russian insurer JSC Capital

French credit insurance and rating group Coface has formed a credit insurance joint venture with Russian insurance company JSC Capital,…


UK financiers break from tradition, move to invoice finance

The financial services sector is shunning traditional forms of funding in favour of alternatives such as invoice finance, according to…


Dresdner Factoring says receivables up 35 per cent

Dresdner Factoring says in the first nine months of 2006, the volume of receivables rose to (more…)


IFG group continues to grow

China Export Finance Ltd will join the International Factors Group (IFG) as a Member on 1 November 2006. A UK-based…


Working capital boost for South Australian exporters

Announcing the SA launch of the Export Finance and Insurance Corporation's new product, Senator Minchin said the product can boost access…


Algeria: 60th country of presence for Coface

Coface has announced the establishment of its presence in Algeria to roll out its credit insurance offer. This offer comprises…


Small businesses shun bank trade finance products

Most small businesses that trade offshore are still rejecting specialist products offered by banks to fill gaps in their cash…


Bridge Finance Group appoints director to build factoring presence in…

Bridge Finance Group is expanding its presence in the northeast. The newly appointed director's focus will include building the factoring, traditional and…


Factoring companies seek first charge on bill receivables

In order to develop the factoring market in India, the Factoring Association of India is planning to approach the Reserve Bank…


METI plans SME loans without a personal guarantor

The Ministry of Economy, Trade and Industry plans to introduce as early as next spring a new type of loan…


Atradius and The Economist report reveals the most popular second…

The research carried out by the Economist Intelligence Unit with global credit risk manager Atradius, provides insight into opportunities in…


Hidden cost of bad debt costs UK businesses billions

The time spent chasing late payment and the effect of dealing with bad debt is costing UK SMEs an estimated…


Bibby Sunderland operations promotion announced

Bibby Financial Services, a global provider of business cash flow solutions has announced the promotion to Head of Operations at…


Factoring chief gets GE Capital post

Richard Laxer, head of GE Commercial Finance's European corporate lending business, which includes its factoring and trade finance units, has…


Davenham Group plc preliminary results

Davenham Group plc, a leading independent asset-based lender to the UK SME sector, has announced its preliminary results for the…


DnB Nord announce factoring operation launch in Q4

DnB Nord, formerly known as Nord/LB, generated a net profit of zl.16.8 million during the first three quarters of the…


Czech Factoring Association announces turnover H1 2006

The Czech Factoring Association has announced members turnover for the first half 2006. The association reported total turnover of its…


Eurofactor secures German Global Resources factoring contract

Eurofactor, the factoring subsidiary of French bank Credit Agricole, will, in future, provide factoring services for the German subsidiary of…


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