BCR Latest News

Bibby appoints business development manager for Leicestershire

Leading business cash flow provider, Bibby Financial Services has appointed a new business development manager for the Leicestershire region. In…


Herbert’s new model army will lift SA industry hopes

Roger Herbert, one of the most experienced debtor finance professionals in South Africa, is adamant the industry he has served…


GMAC goes to hedge fund control for $14bn

General Motors (GM) has sold its 51 per cent controlling interest in GMAC, the finance provider, to a consortium of…


GMAC CF wins Israel-based factoring deal

The Commercial Services Division of GMAC Commercial Finance (GMAC CF) has closed a collection factoring agreement with Israel-based (more…)


Banco Internacional sees profits up 10% in 2006

Chilean bank Banco Internacional aims to boost 2006 profits 10% from 2.01bn pesos (US$3.87m) posted last year. Banco Internacional is…


BDO Stoy Hayward 'Industry Watch' backs Chancellor's stable economy view

The latest Industry Watch report from accountants and business advisers BDO Stoy Hayward predicts a business failure rate of just…


Davenham names group financial controller, poaches Bibby's NE operations chief

Davenham Trade Finance, the AIM-listed diversified finance group, is spreading its commercial reach in the UK with the appointment of…


GM nearing deal on GMAC – WSJ

General Motors is reportedly nearing completion of a deal to sell a 51% stake of financing arm GMAC to a…


Bibby Financial Services urges manufacturers to keep their heads up

With the manufacturing sector shedding jobs for the 11 th month in a row as a result of sagging export…


GECF adds 20pc to net earnings for 2005

The global operation of GE Commercial Finance has reported revenues and net earnings up 6 per cent and 20 per…


Commission approves acquisition of joint control of COSEC by Euler…

The European Commission has cleared under the EU Merger Regulation the proposed acquisition of joint control of Companhia de Seguro…


Independent Growth Finance strengthens executive team

Independent Growth Finance (IGF) has announced the appointment of its new Operations Director following the departure of (more…)


New SME credit guarantee fund planned

Southern economic hub Ho Chi Minh plans to set up a credit guarantee fund for small- and medium-sized enterprises (more…)


CIT appoints Nemia EVP/Chief Sales Officer, Corporate Finance

CIT Group has announced the appointment of executive vice president and chief sales officer of CIT Corporate Finance (more…)


Bibby enters packaged lend market with flexible finance solution

Specialist business finance provider Bibby Financial Services has moved into the packaged lend market with the launch of an innovative…


HSBC Qatar announces plans for factoring service

HSBC Qatar will soon launch factoring services that assist businesses with financing against their outstanding invoices for both domestic and…


Number of business start-ups in 2005, biggest fall in a…

New figures from Barclays reveal that 388,300 new firms started up in 2005, compared to (more…)


Northern Ireland – Changes to insolvency laws assist business

Changes to the Northern Ireland Insolvency law will assist would-be entrepreneurs and businesses in financial difficulty.The Insolvency (Northern Ireland) Order…


Bci allocates US$19m for SME refinancing

Chile's fourth largest bank Bci launched a 10bn-peso (US$19m) revolving facility to refinance debts of some 1,500 of its own…


PNB launches Super Trade finance scheme

Punjab National Bank (PNB) has introduced a new scheme named Super Trade for financing traders and services sector. Under this…


VTB opens US$100 m credit limit for Mria Bank SME…

According to Mria Bank chairman Konstantin Vorushilin, Vneshtorgbank (VTB) is to open a $100m credit limit for Kyiv's Mria bank,…


Bibby appoints VP Business Development

Bibby Financial Services has announced the appointment of its new vice president of business development to be based in (more…)


Santander Santiago Board proposes to retain 35% of 2005 earnings…

The Board of Directors is proposing to retain 35% of 2005 net income in order to finance commercial growth and…


GMAC renews warning on possible inability to sell GMAC stake

General Motors Acceptance Corp. said it may be unable to sell a majority stake of its operations, in a regulatory…


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