BCR Latest News

New reduced rate applied to outstanding LTF-EOP loans

State Bank of Pakistan (SBP) announced more benefits for the exporters as interest rate on old loans was curtailed and…


Coface ups H1 premiums by 54%, increases lead by market…

The Chilean subsidiary of French credit insurer Coface grew premiums by 54% in the first half 2006 to (more…)


Banco Pine joins IDB trade finance programme

The Inter-American Development Bank (IDB) has included Brazilian bank Banco Pine as an issuing bank in its regional trade finance…


Strong won pulls exporters under

Based on a study by the Commerce Ministry covering 1988 to 2005, for every 10 per cent the Korea won…


Banks getting more flexible in packaging loans for SMEs

Banks have been getting more flexible in packaging their loans to meet the financial needs of small businesses (more…)


Davenham continues to build property team

Davenham Trade Finance has recruited a property lending specialist to join the recently set up team in the South West…


Ashley receives invoice finance praise

London based Sparkles Cleaning Specialists says its fortunes have been turned around following a deal with (more…)


Trade finance has a new player

Venture Finance, the UK invoice finance provider, has launched Venture Trade Finance (VTF). Brian Colvill has been given the job…


Fortis posts forecast-beating Q2 net before divestments, driven by banking

Belgo-Dutch bancassurance group Fortis NV posted forecast-beating second quarter net profit before divestments driven by its banking operations and said…


Manufacturing output up, but recovery fragile says CBI report

Manufacturing output in the UK picked up in the last three months, ending 18 months of weakness. But the upturn…


Credit risk wake up call as business failures keep on…

The total number of business failures so far this year stands at 9,538, 8.9 per cent more than in the…


CCB plans overseas purchase

Local Chinese-language newspaper Sing Tao Daily yesterday quoted market sources as saying that China Construction Bank (CCB) is planning to…


Banks becoming less important in financing UK exports, says Atradius

UK exporters are turning away from their banks as a source of financial advice. The research found that only (more…)


Wells Fargo hires BDO for newly acquired Commerce Funding

Wells Fargo has named its vice president of business development for its newly acquired Commerce Funding Corporation (CFC) (more…)


HSBC appoints new director for trade services

HSBC Bank Malaysia Bhd has appointed Vivek Gupta as director responsible for growing its trade services market share (more…)


Economic bedrock cracking says factoring report

New Zealand SMEs are struggling to grow due to increasing cash flow pressure, a slowing economy and limited ability to…


DBV-Winterthur and Atradius join forces

German insurance company DBV-Winterthur is to cooperate on the German market with Atradius, the credit insurance company. The collaboration sees…


Pekao Faktoring greedy for growth

Although the company is the leader of the sector, it does not mean that it will grow faster than the…


Fortis finalises the acquisition of Innotrade Leasing Rt. and Takleasing…

Fortis has confirmedthat it has finalised the acquisition of the two Hungarian sister leasing companies, Innotrade Leasing Rt. and Takleasing…


IGF launches payroll service

Independent Growth Finance, the independent commercial finance provider, today announced the launch of its new payroll service, aimed specifically at…


FactorLoads and Carbonfund.org partner to 'move freight carbonfree'

Carbonfund.org, a leading non-profit carbon offset organisation and FactorLoads, the premier freight bill factoring service for owner operators and small…


ECGC to foray into factoring services

Export Credit Guaranty Corporation of India Ltd (ECGC) is planning to foray into factoring services through (more…)


Less than one tenth of invoices paid within 30 days

Late payments are causing major problems for firms, imposing unnecessary administrative burdens and in some instances leading to insolvency, according…


Eurofaktor diversification strategy leads to profit slump

Eurofaktor, the only representative of the factoring industry on the stock exchange, made only ZL1.1m (euros 284,500) net profits in…


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