BCR Latest News

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…


CIT set to buy Barclays asset finance arm

US commercial finance firm CIT is expected to take ownership this week of the asset finance and leasing business of…


Yes Bank plans non-banking micro-finance company

Yes Bank plans to set up a micro-finance subsidiary in a joint venture with possibly two US-incorporated institutions with expertise…


Banks grant 140 bn yuan to finance small business

Statistics from the CBRC show about 16,000 small firms received total loans of (more…)


Small business less concerned by EU expansion than Asian competition

The majority of Britain's small businesses are not concerned by expansion of the EU and some have even benefited from…


Omni Financial Services prices IPO

Omni Financial Services, a provider of specialised financial services including equipment leasing and asset-based lending, announced the sale of 3.35…


Ex-Im Bank and the Development Bank Of Kazakhstan announce cooperation…

The Export-Import Bank of the United States (Ex-Im Bank) and the JSC Development Bank of Kazakhstan (DBK) have announced the…


Experian appoints ex-Barclays MD for UK, Ireland role

Experian, the global information solutions company, has announced the appointment of Tiku Patel to the role of chief operating officer…


Commercial Bank Allianz Bulgaria joins EU/EBRD SME finance facility

The EBRD is lending Commercial Bank Allianz Bulgaria euros 5m to support the development of local small- and medium-sized enterprises…


Credito y Caucion and Atradius to merge

Spanish insurer Credito y Caucion and Dutch counterpart Atradius announced that they are planning to merge (more…)


Bank of Shanghai supports Taiwan-funded firms with credit line

The Bank of Shanghai (BOS), a joint-stock commercial bank, has decided to provide a yuan 5bn credit line over the…


Insurers get tough on IT

Insurers are turning their attention to the IT channel and becoming stricter with distributors and resellers taking out insurance policies…


Citigroup to double SME lending in 3 years

Citigroup plans to double its small- and medium-sized enterprises (SMEs) credit portfolio in India in three years. The plan would…


Obligation to submit reports by factoring companies to supervisor approved

The Bank Board of the National Bank of Slovakia (NBS) approved the Decree of the NBS on submitting (more…)


GE Corporate Lending provides US$150-million working capital line of credit…

GE Commercial Finance - Corporate Lending has announced that it provided a revolving credit facility to Kuhmo Tire USA for working…


Coface aims for 40% annual domestic credit insurance growth

The Brazilian unit of French credit insurer Coface expects to increase premiums from domestic credit insurance 40% a year for…


National Bank raised key interest rates

The National Bank of Slovakia (NBS) raised key interest rates over concerns regarding inflation and the fiscal policy of (more…)


Atradius H1 net profit sets company record, next steps in…

Credit insurer Atradius today reported a net profit setting a new first half record for the company. Following the recent increase…


Venture Structured Finance enhances cross border capability, announces new managing…

Venture Finance PLC today announced the appointment of Chris Hawes as managing director of Venture Structured Finance (VSF). Chris joined…


Fidis upgrades factoring software with supply finance capability

Fidis, the factoring software specialist, has extended its SAP R/3 factoring solution to incorporate a supply chain finance module (more…)


FDA poll shows political change bringing uncertainty for Britain's SMEs

Research commissioned by the Factors and Discounters Association (FDA) to examine the opinions held by managing and financial directors of…


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