BCR Latest News

Banks fail to disburse N26bn in SME funding scheme

The Central Bank of Nigeria (CBN) has lamented that, as at the end of May 2006, about N25.967bn remained unused…


Winning business in invoice finance – Implementation of the Plan

This is the twelfth in a series of articles to assist you in winning business and loyal clients. Mark Mandula,…


Private sector revives construction growth – Experian

According to the latest forecasts from Experian, Construction output is set to grow by 2.9 per cent in 2006, in…


IF Group announces new member

The board of the International Factors Group (IFG) has accepted the membership of (more…)


Bibby recruits construction finance manager

Bibby Financial Services has added to its growing specialist services team with the appointment (more…)


Cosmetics manufacturer has growth designs after major asset and debt…

Lloyds TSB Corporate supported the deal via debt finance. Ongoing working capital for the business is being provided through asset-based…


Besleasing e Factoring production up 14 per cent in H1

Banco Espirito Santo (BES) Group's consolidated net income reached euro 200.7m in the first half of 2006, a year-on-year increase…


Xbridge appoints invoice finance manager

Xbridge has announced the appointment of Evette Orams to its invoice finance team (more…)


Euler Hermes appointment

Euler Hermes, the credit insurance group, has announced the resignation of (more…)


Davenham grows assets with new appointment

Davenham Asset Finance has appointed a new business development manager in the North West region (more…)


ADB signs second private sector loan to boost financing for…

The Asian Development Bank (ADB) and Bank TuranAlem JSC (BTA) of Kazakhstan have signed a US$75m five-year senior loan to…


Hi-Finance: A major factor for Dexia Factors

The term financial services provider may have been coined only recently, but banks and other financial institutions have been in…


Culture v corruption diary – Mishcon de Reya

Welcome to the July edition of Mishcon's Culture vs Corruption Diary, the object of which is to better inform those…


NFC Bank plans to issue credit-linked notes worth RUB 2…

The Bank National Factoring Company LLC (NFC) is planning to issue ruble-denominated credit linked notes (CLNs) worth RUB 2bn before…


Companies unaware of enterprise tax breaks

Attempts to stimulate the enterprise culture through targeted tax relief schemes and incentives are being undermined by widespread ignorance (more…)


Bancoldex loans up 31% in H1

Colombia's state-owned export development bank Bancoldex saw loans grow 31.3 per cent to (more…)


ECGD backs 151 UK export deals in 2005-06

The Export Credits Guarantee Department (ECGD) has published its Annual Review and Resource Accounts 2005-06, showing it provided  (more…)


Late invoicing puts businesses at risk from late payment –…

A recent poll held on the Better Payment Practice Group website asked businesses how soon they issue the invoice after…


Government finance to SMEs reaches P95.7bn

The government's lending programme to small and medium enterprises (SMEs) reached P95.71bn as of April this (more…)


SME finance boosted by EC risk review

The European Commission has adopted Guidelines to determine when state aid to support risk capital investment in small and medium-sized…


EXIM chief warns on state of economy

EXIM Bank president Veerapong Ramangkura is concerned that the Thai economy may suffer a slump next year (more…)


HSBC expands into Central America

HSBC has expanded into Central America with the acquisition of Panama-based Grupo Banistmo for (more…)


Cross-border factoring eased by capital tax change

Canada's factoring industry has received a much-needed fillip as a result of the abolition of withholding tax on capital gains…


CIT reports record Q2 new business volume

CIT Group reported net income was US$236m for the second quarter 2006, compared to US$249.1m last year (US$219.4m excluding gains…


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