BCR Latest News

SMEs receive loan boost

About 90 per cent of those who received loans from SME Bank were Bumiputera small and medium entrepreneurs (more…)


Factor in Bank, Coface announce two-in-one factoring service

Polish factor, Factor in Bank, and Coface, the credit insurer, have linked up to provide a full factoring service for…


Davenham looks to Cheshire

Davenham, the finance provider for small business, has added a property specialist to its Manchester office with responsibility (more…)


25pc of exporters view euro cutting transaction costs

Around a quarter of UK exporters say lower transaction costs and better pricing would result from joining the euro (more…)


Factoring facility for IT provider

Primary Funding Corporation, the receivables finance house, is providing a new factoring facility to a national IT service provider (more…)


EBRD provides finance loan to Metals Banka

European Bank for Reconstruction and Development (EBRD) is lending Metals Banka, a private bank in Serbia, (more…)


HNS Banco completes US$1.1m capital increase

Chilean bank HNS Banco has completed a peso 592m (US$1.10m) capital increase to finance its loan growth over the next…


IFC global trade finance program provides US$45m in guarantees

The International Finance Corporation (IFC) closed its fiscal year with US$45m in guarantees to Latin American banks as part of…


Bibby announces regional manager

Bibby Financial Services has announced the appointment of Peter Laurie as regional manager (more…)


Barclays Asset and Sales Finance consolidates

Barclays is closing its Birmingham and Hastings units in a move affecting around 350 staff (more…)


Davenham awarded 'company of the year'

Davenham, the SME finance provider, has scooped the Business XL Company of the Year award for venturer of the year…


Exim Bank Malaysia to double capital base

The export-import Bank of Malaysia Bhd (Exim Bank) plans to double its capital base to RM730.5m from the present RM380.5m…


Textron snaps up Electrolux inventory finance unit

The distribution finance group of Textron Financial Corporation has acquired Electrolux's inventory finance business (more…)


CDC, Absa Bank joins forces for SME finance initiative

The Coega Development Corporation (CDC) has signed an agreement with Absa Bank aimed at helping Small and Medium Enterprises (SMEs)…


SME confidence slips in June

Ecostat's SME confidence index slipped to 47.2 per cent in June from 51 per cent in May (more…)


Landsbanki CF tunes in with invoice discounting package

Landsbanki Commercial Finance (LCF) has provided funding for music instrument maker Schreiber Keilwerth (more…)


BoA provides US$65m letter of credit to pet supplier

PetSmart Inc, the supplier of pet-related products in the US and Canada, has entered into a $65m letter of credit…


Discounting invoices by Matalan incurs supplier wrath

Having seen Matalan, the discount retailer, pull out of a scheduled meeting at the 11th hour, the Forum of Private…


Access to finance made difficult through weak collateral – EBRD

Even though eastern Europe's transition to the market economy began 15 years ago, access to credit is still very much…


Asset finance industry receives US$600,000 boost

The Asian Development Bank (ADB) has put US$600,000 aside to support the development of the leasing industry in Vietnam (more…)


Bancolombia increases stake in rival factor

Colombia's largest bank Bancolombia has bought an additional 38.96 per cent of local factoring company Comercia's outstanding shares for pesos…


Asset finance industry grows 6 per cent, says FLA

The UK's asset finance industry reached a new record for new business in 2005 despite signs of slowing growth in…


Polfactor punches above its weight

Polfactor, the Polish factor, has been noted as top factor in its country, based on a poll of members of…


Profitability of UK firms

The slight increase in profitability in the first quarter suggests that businesses might be starting to feel the benefits of…


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