BCR Latest News

Report shows SME lending up 13pc in 2005

According to a report, only 16 per cent of SMEs indicated a reliance on financing from financial institutions, both banking…


GECF deal for Notts firm

GE Commercial Finance Business Finance has provided an MBO-driven invoice finance and cash flow package to (more…)


Davenham poaches Chadwick from Lloyds TSB

Davenham Property Finance, part of Davenham Trade Finance, has appointed Darren Chadwick as business development manager for property in the…


Insolvencies in the second quarter 2006

Statistics showing insolvencies in the second quarter 2006 published by the Insolvency Service show company liquidations have decreased compared to…


Expanding floor-covering firm secures financial deal with Cattles Invoice Finance

Leeds-based floor-covering firm Johnson Flooring has secured a major new contract worth in excess of a million a year, with…


International Moscow Bank to implement FORPOST factoring software

Jet Infosystems is a system integrator and a supplier of key informational infrastructure components to large organisations and companies in…


Euler Hermes profits jump

Thanks to good performances by its businesses in emerging countries and the US, the French credit insurance company Hermes saw…


GMAC reveals new communications chief

Toni Simonetti has been named GMAC (more…)


Davenham focuses on Yorkshire property finance

Davenham Property Finance, part of Davenham Trade Finance, has appointed Garry Biggin (more…)


GECF seals invoice finance deal for recruiter

GE Commercial Finance's Business Finance unit has announced it has provided a structured finance package (more…)


UK interest rates raised to 4.75 per cent

UK interest rates have been raised to 4.75 per cent by the Bank of England's Monetary Policy Committee (MPC). (more…)


EBRD and Banka Popullore link to support SME finance

The EBRD is lending Banka Popullore, a private bank in Albania, euros 5m to give small- and medium-sized enterprises (SMEs)…


Siemens Financial Services expands business opportunities with Euler Hermes partnership

Siemens Financial Services (SFS), the Siemens Group responsible for financial solutions, has formed a partnership with Euler Hermes (more…)


Blow for independents as Target Trade Finance hits the wall

Target Trade Finance, the debtor and trade finance company, has called in the administrators, factorscan can reveal. The London-based factor…


Factoring companies to start reporting to National Bank

The Central Bank of Slovakia (NBS) is due to start collecting data for statistical purposes from January 2007. The obligation…


Kaulkin Ginsberg marks 15 years serving accounts receivable management

Fifteen years ago Kaulkin Ginsberg Company initiated and advised on the sale of Eastern Credit Association to Eastern Business Services.…


RBS Invoice Finance, Nat West and Lombard join forces to…

The deal has been structured by the NatWest with additional funding packages also provided by RBS Invoice Finance and the…


Glitnir Factoring turnover up 22% in first half 2006

Glitnir Factoring, a subsidiary of Glitnir Bank, continues its high growth through the first half 2006. The flow of invoices…


Court Of Appeal sends warning to sleeping directors

As the company fell into further debt, Mr Grant fabricated accounts to a factoring company and was later found guilty…


Business confidence indices slip to two-year low

Ecostat's TOP-100 index, a measure of confidence at Hungary's biggest hundred companies, fell to its lowest point in two years. Ecostat's…


Non-bank financial-business regulation – focus on factoring

The factoring business has faced and still faces many legal problems and limitations due to a lack of specific laws…


Government creates insurance policy for local textile exports to US

The government will try to protect the sector as tariff breaks derived from the Andean Trade Promotion and Drug Eradication…


Half of businesses need guidance on calculating late payment interest

A poll by the Better Payment Practice Group (BPPG) has found that half of UK firms surveyed do not know…


Ceska sporitelna bank nets CZK 4.87 bn in H1

Ceska sporitelna belongs to the Austrian Erste Bank group, which comprises the bank CS, insurer Pojistovna CS, Leasing CS, Investicni spolecnost…


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