BCR Latest News

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…


EU raises SME venture fund limit

The European Commission raised the upper limit of venture capital financing small- and medium-sized enterprises (SMEs) to (more…)


Consultation on Money Laundering Directive launched

HM Treasury has today (31 July) launched a consultation on the Government's proposed implementation of the Third Money Laundering Directive.…


Guy Carpenter adds team of seasoned professionals to political risk…

Guy Carpenter Company, a global risk and reinsurance specialist, has welcomed a number of experienced professionals to its newly restructured, London-based…


World Bank continues support of export development

The World Bank's Board of Executive Directors has approved a US$154.5m loan for the Second Export Development Project (EDP2).The project…


Dresdner Factoring AG – receivables turnover well above target

Dresdner Factoring AG, one of the leading German providers of factoring services for small- to medium-sized companies (SMEs) with annual…


Accord announces improved second quarter and record first half earnings

Accord Financial, a North American provider of a wide range of factoring and other asset-based financial services, has announced its…


Internationalisation finance scheme launched

Singapore will launch an Internationalisation Finance Scheme in mid-August to help local companies expand overseas, the International Enterprise (IE) Singapore…


Banks boost lending to SMEs

Korean banks boosted lending to small- and medium-sized enterprises (SMEs) during the second quarter of 2006 after the government tightened…


International factoring portfolio surges ahead in H1

Factoring turnover in Lithuania in the first half of this year, was up by 18.1% year-on-year. The January-June turnover soared…


Kaesong entrepreneurs meet Credit Guarantee Fund representatives on inspecton tour

Last month, the Finance Ministry announced the government would give loan guarantees of up to won 10bn (US$11m) per company…


Central bank increased key interest rate

The Slovak central bank (NBS) board decided to raise key interest rates. Two-week repo tenders increased by one half of…


IFC to exit GTF post-IPO

Leading factoring service provider Global Trade Finance (GTF) is planning to raise an initial public offer (IPO) (more…)


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