BCR Latest News

GMAC Commercial Finance announces credit card payment service for factoring…

The Card Payment Service allows GMAC CF s Collection Services department to accept credit and debit card payments in GBP…


Credit guarantee agency battles “chain of debt”

State credit guarantee agency Hitelgarancia Zrt has signed an agreement regarding underwriting the companies' factoring funds for small- and medium-sized…


GM close to a decision on GMAC – WSJ

A decision on the future of GMAC could come within days, Wall Street Journal reports. According to the paper, which cited…


Banco de la Nacion to begin SME lending in H1,…

Peru's BN expects to issue loans to SMEs and microenterprises currently not served by private banks and also enter the…


ING Commercial Finance joins IF-Group

The IF-Group's success is a result of the new strategy that focuses not only on the Two-Factor import-export operational platform,…


Senior appointments strengthen GE Commercial Finance presence in the North

GE Commercial Finance s Business Finance division has announced the growth of its team in the North with two senior…


Commercial credit insurance company to be sold after elections

The Ministry of Finance of the Czech Republic submitted the proposal of the sale of the Commercial credit insurance company…


Sovereign Asset Based Lending finances BiFlex Intimates Group acquisition

Sovereign Bank announced that the bank's Asset Based Lending group provided a US$20m asset-based revolving credit facility to a private…


Strength in depth – GECF's Business Finance CEO John Jenkins

John Jenkins , chief executive officer (CEO) of GE Commercial Finance s business finance unit, based in Surrey, began his…


Private equity, Basel II drive receivables securitisation growth – Demica

A new research report from Demica has revealed that trade receivables (TR) securitisation has matured into a mainstream financing tool…


Declaration of an independent – Steve Websdale, commercial director, Venture…

Steven Websdale is commercial director at Venture Finance PLC, one of the UK s largest independent factors. In an exlusive…


HSBC Bahrain event promotes factoring service

The event was organised by HSBC Bank Middle East to promote its factoring services, which were launched by HSBC Bahrain…


ECGC unveils scheme to provide credit risk cover

Export Credit Guarantee Corporation of India (ECGC) and the Ministry of Commerce have set up a National Export Insurance Account…


HSBC’s focused approach pays off in SME banking

Just over three years since HSBC launched its Business Banking unit in the UAE, it has recorded significant growth in…


Siam General Factoring asked for details of EWC loan deals

The Securities and Exchange Commission (SEC) has ordered Eastern Wire Plc (EWC) and Siam General Factoring (SGF) to disclose details…


Energy efficiency company saving with Ashley Commercial Finance

Electrical efficiency company Techno Environmental Ltd turned to small business invoice finance specialists, Ashley Commercial Finance when it needed more…


City Invoice Finance and JBL Law sponsor soccer academy fundraiser

Shaun Goater the former Manchester City striker who now plays for League One club Southend, was at Eastlands for a…


2005, a year of profitable growth for Euler Hermes

When presenting the results for 2005 to the Supervisory Board of Euler Hermes on 22 March 2006, the Management Board…


Cabei to grant US$10m to Central American SMEs

The Central American Bank for Economic Integration (Cabei) has announced that it will grant US$10m to micro, small- and medium-sized…


Factory orders grow for second month – CBI

Manufacturers expect their factory output to increase in the Spring as order books continue to fill, according to the CBI's…


Investor group completes acquisition of majority stake in GMAC Commercial…

An investor group has completed the acquisition of a majority interest in GMAC Commercial Holding Corp. (GMACCH) from General Motors…


BancoEstado aims for 4-5% market share in factoring by year-end

Chile's third largest bank, state-owned BancoEstado expects to achieve a 4-5% market share in the local factoring business by year-end,…


CIT announces appointment of small business lending chief, retirement of…

CIT Group Inc., a leading provider of commercial and consumer finance solutions, today announced the retirement of John Canning as…


Finally, a reversal of fortunes for factoring in Europe?

Sluggish growth and lukewarm sales could be a thing of the past for the European factoring industry, according to the…


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