BCR Latest News

Fed hikes interest rates; further increases possible

The Federal Reserve raised its key interest rate a quarter point to  the highest level in five years. The funds…


HSBC to grow SME exposure by 30%

The Hongkong and Shanghai Banking Corporation (HSBC) in India expects lending to the SME sector to grow by 30 per…


BoA provides Ј45m L/C, cash management deal for UK engineer

The business finance unit of Bank of America has provided £45m in senior credit to UK engineer Luxfer Holdings plc…


Iran offers Indonesia export guarantees to boost trade

Iran has offered financial facilities in the form of export guarantees and short-term loans to Indonesia to increase trade between…


BBVA Bancomer to lend US$1.1bn to SMEs in 2006

Mexico's largest bank BBVA Bancomer expects to lend 12bn pesos (US$1.1bn) to about 47,000 SMEs this year. The funds form…


Banque Palatine could lose factoring and leasing divisions if NatIxis…

Banque Palatine, the bank acquired in 2003 by French savings bank group Caisses d'Epargne from the Italian Sanpaolo group, is…


Bank of England signals interest rates rise

The Bank of England on Wednesday signalled the next move in interest rates was likely to be up as the…


Consolidation continues for international factoring in Brazil

The latest acquisition by Brazil's leading international factoring provider signals another step towards consolidation for the non-domestic market in the…


GECF provides invoice discounting facility for Tarmac acquisition

GE Commercial Finance's Business Finance unit has announced a £3.75m invoice finance and cash flow package (more…)


SME finance brokers – Davenham's Martin Risman underlines their importance

Exactly what value does a broker bring to sourcing the right funding solution for a small to midsized enterprise (SME),…


EIB to increase credit lines to fund SMEs

The European Investment bank (EIB) is planning to provide commercial banks with new credit lines to fund small and micro…


CIMB Islam offers special halal financing package for SMEs

Said to be the first of its kind in the world, the halal financing package will be introduced in (more…)


Receivables: An under-utilised asset in the treasurer's toolbox?

Is there more a treasurer can do to add value to the management of the receivables portfolio? Andrew McMichael, an…


FDA research finds failure to find funding deters female entrepreneurs…

Female entrepreneurship in London is being hampered by a perceived lack of funding, according to research by the Factors and…


Manufacturers optimistic about export prospects

Manufacturers' optimism about future export prospects has improved for the first time since July 2004 (more…)


GMAC Commercial Finance offers US$2m factoring deal to manufacturer

The Commercial Services Division of GMAC Commercial Finance announced the closing of a US$2m one-year factoring facility to California-based apparel…


Citizens Bank forms asset-based lending group

Citizens Bank has announced that it has formed Citizens Bank Business Finance, an asset-based lending unit. The unit operates from…


Slovenska sporitelna Q1 2006 net profit equals Q1 2005

In the first quarter 2006, Factoring Slovenskej sporitelne produced profit of SKK (more…)


Bancolombia S.A. acquires majority participation in Comercia S.A

On May 8, 2006, BANCOLOMBIA S.A., by means of a transaction duly authorised by the Superintendency of Finance of Colombia,…


Small business “disproportionately” affected by the cost of Sarbanes-Oxley compliance

Smaller businesses in the US are being disproportionately affected by the cost of compliance with the 2002 Sarbanes-Oxley Act, a…


Peachtree Settlement Funding moves to new corporate office

Peachtree Settlement Funding, a leader in the specialty factoring industry, has relocated its Boca Raton, Florida offices. Management believes the…


Davenham boosts its assets

Davenham Asset Finance, an independent asset based lender to the UK small- to medium-sized enterprise (SME) sector, has boosted its…


Coface analyses bankruptcy rates in Central and Eastern Europe

A new analysis by Coface Central Europe showed that the lowest insolvency rate was in (more…)


Close Invoice Finance funds Cherrystone acquisition

Cherrystone bought the company for an undisclosed sum from shareholders Adrian Pulleyn, of Pulleyn Transport in Reading and founder Henk…


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