BCR Latest News

French SMEs target increased exports

Small- and medium-sized enterprises (SMEs) represented 86% of the 100,000 exporting French businesses in 2005, but were responsible for just…


Siam General Factoring debt transfer, SET wants answers from EWC

The Stock Exchange of Thailand has asked Eastern Wire Plc (EWC) to explain a transaction involving seven account receivables that…


Heller posts 13pc sales rise, CEO says factoring potential great

Heller Bank AG posted sales of euro 5.73bn in the first half of 2006 - a 13.6 per cent increase…


Fortis zones in on factoring, trade finance in Scandinavia

Fortis Bank has opened branches in Copenhagen (Denmark) and Stockholm (Sweden), reinforcing its European network of business centres to a…


Export house for SMEs

The commerce ministry is planning to set up a SME Export House with the objective to promote export trade of…


SEB Vilniaus Bankas to issue euro 10m worth of loans…

Lithuania's largest commercial bank SEB Vilniaus Bankas will allocate euro 10m (LTL34.5m) for loans to small- and medium-sized enterprises (more…)


ECIC aiming for 11.6pc growth in insured business

Government-owned Hong Kong Export Credit Insurance Corporation expects total insured business to grow by 11.6 per cent for the three…


BNDES opens US$470m credit line for medium-sized companies

Brazil's national development bank BNDES has set aside reais 1bn (US$468m) to form a line of credit for medium-sized companies…


Bank of America introduces new small business credit product

Bank of America has launched a product that allows small business owners access to an unsecured line of credit of…


Factoring in the USA – strongest for five years

The US factoring industry achieved its strongest year-to-year growth since 2000, based on factored volume of its providers, according to…


Dresdner Factoring eyes SME market for growth

Chairman of Dresdner Factoring, Klaus Sauer, is pinning hopes of growth for his company, and the industry, on an increase…


SCB launches new SME working capital resource

Standard Chartered Bank (SCB) launched the new SCB business credit card, aimed especially at owners of small- and medium-sized enterprises…


Four bank officers convicted in US$70 million bank fraud scheme

After a six-month trial, a Miami jury has found defendants guilty of conspiring to carry out a US$170 million factoring…


Ulster Bank completes Invoice Finance rebrand

Ulster Bank, part of the Royal Bank of Scotland Group, has completed the rebranding of its former Commercial Services division…


UK football clubs to be sold receivables protection

Coface is to sell insurance to football and rugby clubs in the UK in the event of unpaid receivables (more…)


Factoring Ceske Sporitelny H1 revenues up

Factoring Ceske sporitelny (CS), a company specialising in financing receivables from domestic and foreign customers, has announced revenue growth of…


Working capital, supply finance optimised via software deal

National City Bank (NCB) says it is better placed to meet client demand for supply chain and working capital solutions…


Exim Bank plans model to finance SMEs

Export-Import Bank of India (Exim Bank) is working on a special model to finance small- and medium-sized enterprises (SMEs) in…


Firms hit hard in holiday profit slump

Glasgow's small businesses are feeling the double impact of summer holidays and a slip in productivity. But these problems are…


Asset-based finance veteran joins Greystone Business Credit

Greystone Business Credit has announced the appointment of Executive Vice President and Senior Member of the Greystone Business Credit Committee…


Reverse factoring offers suppliers a fast track to their cash

Large retailers and banks are discussing agreements that would enable suppliers to be paid promptly in return for a fee.…


Demica appoints Senior Vice President, Sales to head up US…

Demica has consolidated its position in the United States market with the opening of an office in (more…)


Smaller manufacturers enjoy export growth for first time in a…

Export orders for small- and medium-sized (SME) manufacturers have grown for the first time in over a decade, and are…


No takers for Foremost – yet

Delhi-based Foremost Factors, which was up for sale for quite some time, has once again been turned down by Export…


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