BCR Latest News

Coface unit looking to more than double profits this year

The Brazilian unit of French credit insurer Coface expects to more than double profits this year compared to 2006, Coface…


GTF to take factoring to semi-urban centres

Global Trade Finance (GTF), the non-banking finance company set up to provide factoring services, whose Indian offices to date have…


Global Finance names Emirates Bank best in UAE trade finance

The Emirates Bank has been named the United Arab Emirates' (UAE) Best Trade Finance Provider 2007 by Global Finance magazine,…


China Eximbank to set up branch in Chongqing

The Export-Import Bank of China (Eximbank) has recently received official approval from China's Ministry of Finance to set up a…


EBRD supports trade finance in Kazakhstan

The European Bank for Reconstruction and Development (EBRD) is providing to KazInvestBank (KIB),US$10m under its Trade Facilitation Programme (TFP) to…


EU accession means factoring on the rise

According to the Slovak Factoring Association (ASF) 64 per cent of factoring companies clients are SMEs. EU accession, which is driving…


HSBC launches Receivables Xpress

HSBC has introduced a new receivables financing package designed to provide quicker access to funds for small- and medium-sized enterprises…


First Investors profits up USD500K

Quarterly profits were up more than 158% at Houston-based auto lender First Investors Financial Services Group Inc. last quarter, increasing…


Halkbank to grant loans to SMEs without complicated procedures

Halkbank, one of the largest public banks in Turkey, has prepared a package of easy loans for small and medium-sized…


Credit Europe Bank approaches SMEs through regional centres

Credit Europe Bank, the former Finansbank, intends to attract 6,000 clients this year on the segment of small and medium-sized…


CIT announces Wolfert resignation

CIT Group Inc., a leading global provider of commercial and consumer finance solutions, today announced that Frederick E. Rick Wolfert…


Landsbanki and Wachovia announce strategic ABL alliance

Today, Landsbanki Commercial Finance and Wachovia Capital Finance announced a strategic alliance enabling them to work closely on ABL transactions…


Yet another lender for Chinese SMEs

Citigroup Inc will step up efforts to court Chinese SMEs as its business in that sector generated triple-digit growth last…


Venture Finance backs GBP3.4m deal for Leicester metal fabricator

Central Metal Manufacturing Limited, formerly Midland Sheetmetal Limited, was bought as a going concern in a 3.4 million deal backed…


Brampton Crest International forms financing subsidiary White Peak Capital Group

Brampton Crest International, Inc. has formed White Peak Capital Group, Inc., a wholly-owned finance company that will focus on funding for the…


Alliant predicts financial-crisis risk in eastern Europe and southeast Asia

Alliant’s Political Risk Index identified rising financial-crisis risk in Eastern Europe and Southeast Asia. “Trade receivables data are normally six…


Bank Respublica and International Finance Corporation strike credit deal

Bank Respublica and International Finance Corporation (IFC), a member of the World Bank group, have struck a credit deal. According…


GE Antares Capital appoints two Senior Managing Directors

GE Antares Capital, a provider of leveraged finance solutions to middle market private equity sponsors, announced it has appointed Daniel…


IFS Capital seeks to list on SET

IFS Capital (Thailand) aims to become the market leader in the factoring sector and plans to list on the Stock…


Kookmin in banking tie-up with SMFG

South Korea's Kookmin Bank said Friday it would form an alliance with Japan's Sumitomo Mitsui Financial Group to increase cooperation…


HSBC and Tradelink offer international trade services for SMEs

The Hong Kong and Shanghai Banking Corporation Limited and Tradelink Electronic Commerce Limited (Tradelink ) has announced the opening of…


Euler Hermes invests in ICIC, Israel's leading credit insurer

Euler Hermes, the world premier credit insurer, acquired one third of the capital of Israel's leading credit insurance provider ICIC…


Davenham widens its geographic reach

Davenham Trade Finance, the asset based lender, has made moves to widen its geographic reach and get closer to its…


Indonesia to lower interest rate on loans to SMEs

The government and Bank Indonesia, the central bank, will seek to lower the interest rate on loans to small- and…


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