BCR Latest News

Fraudwatch Bulletin – Fraud Bill gets second reading; Lucent Technologies…

In the October edition of Mishcon Fraud Watch, prepared by the Corporate Investigations Asset Recovery Group at Mishcon de Reya (more…)


Compania de Factoring eyes turnover growth in 3 years

Compania de Factoring, a company specialised in funding receivables, intends to achieve a turnover worth over euros 550m in the…


BRD factoring operations to September up 45pc

BRD Groupe Société Générale reported for the first nine months of the year a total volume of factoring operations 45…


EIB credit line for SMEs

The European Investment Bank will support the small- and medium-sized enterprises (SME) in Bulgaria through a new €30m global loan…


Nation sets up special fund to support SMEs

China has set up a special fund to support the development of small- and medium-sized enterprises (SMEs), said China's Ministry…


GMAC CF reveals record month in import factoring, plans for…

The UK commercial finance unit of GMAC (GMAC CF) has said September was a record month for import factoring since…


CPAC, Inc. obtains new asset-based financing from HSBC

CPAC, Inc. has announced that it has entered into a new financing agreement with HSBC Business Credit (USA) Inc. to…


KredEx grant for SMEs is a waste of public funds,…

State Credit and Export Guarantee Fund (KredEx) is offering companies grants in the amount of up to EEK16m (euros 1m).…


Experian-Scorex opens Warsaw office

Experian-Scorex, the global decision analytics business of Experian , has established an office in Warsaw. This move confirms the company's…


Small Business and Consumer Lending Benchmark Reports 2006 released

This year's small-business report indicates that large banks have focused on improving their responsiveness to lending requests, with application turnaround…


Sterling National Bank adds two veterans to factoring unit

Sterling National Bank, a subsidiary of Sterling Bancorp, announced the appointments of its vice president, director of business development and …


Sovereign Bank provides asset-based working capital financing to OHM International

Sovereign Bank has announced that it has provided an asset-based revolving credit facility to OHM International, Inc., an importer and…


China Security and Surveillance Technology Inc. secures new factoring facility

China Security Surveillance Technology Inc., a leading provider of digital surveillance technology in China, has announced that it has signed…


Factoring in the UK – update

The selling of outstanding invoices or trade receivables at a discount for cash upfront is fairly big business in the…


Deregulation of credit, financial leasing and factoring activities in Mexico

The deregulation of credit, financial leasing and factoring activities in Mexico will have a major impact on both buyers and…


BDDK approves Denizbank sale

Banking Regulatory and Supervisory Authority (BDDK) approved the sale of 75% shares of Denizbank to Dexia (more…)


CIT to acquire Barclays UK and German vendor finance businesses

CIT Group Inc., a leading global provider of commercial and consumer finance solutions, has confirmed that it has agreed to…


NAB business confidence index drops in Q3

In the September quarter a year earlier, the index stood at seven points before peaking at 11 points in the…


Global Trade targets SMEs with online loan access

Small- and medium-sized enterprises (SMEs) engaged in international trade will now find it easier to procure loans. Global Trade Finance…


Credit guarantee industry star looms

China National Investment Guaranty Co., Ltd. is destined to become a leader in the domestic guarantee business following a capital…


Wells Fargo Century joins the IFG

Wells Fargo Century has joined International Factors Group (IFG), the global factoring network. The factoring arm of US bank Wells…


Innovations in supply chain finance technology and financing helping companies…

Supply chain finance is the next wave in cost improvement. There's money to be saved by companies that use supply…


Coface continues US expansion, acquires leading accounts receivable management agency

Coface Collections today announced that it has purchased the assets of leading provider of commercial accounts receivable management services (more…)


Ashley wrestles with late payments

Late payment of invoices is a big problem for many businesses with nearly 50 per cent of the invoices issued…


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