BCR Latest News

GMAC finalises US$10 billion facility with Citigroup

GMAC announced the signing of a three-year, US$10 billion funding facility with a subsidiary of Citigroup. This US$10 billion funding…


EBRD provides loan to MIKROFIN

The EBRD loan falls under the recently established Micro, Small and Medium Sized Enterprises Finance Framework for the Western Balkans…


British businesses amongst the worst payers in Europe

The Atradius Payment Practices Barometer, conducted for Atradius by market researcher Psychonomics, reveals that 42% of European companies believe that…


GMAC CF reveals mixed results for 2005

GMAC Commercial Finance has reported a decline in turnover for 2005 but an improvement in pre-tax profits during the same…


Coface urges improved credit management procedures

Coface UK has urged businesses to improve their credit management procedures in the face of lengthening credit periods following a…


Lloyds TSB Asset Finance profit slip

Lloyds TSB Asset Finance, the business unit that includes both commercial finance and motor finance operations, reported (more…)


Fraudwatch Bulletin – Mischon de Reya

Welcome to the August edition of Mishcon Fraud Watch. Its aim is to provide businesses and their advisors with a…


IGF names client chief for Kent

Independent Growth Finance (IGF) has announced the appointment of Bill Robinson as a client manager based at its Kent headquarters (more…)


ICRA assigns A1+ to SBI Factors & Commercial debt programme

The rating indicates highest-credit-quality rating assigned by ICRA to short-term debt instruments. SBIF, a subsidiary of SBI, is one of…


Erste Faktor H1 revenue 70 per cent over target

Erste Bank Hungary's factoring unit, Erste Faktor, had revenue in the first half of 2006, 70% over the target, the…


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…)


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