BCR Latest News

Fortis Bank to sell factoring and leasing subsidiaries

Fortis Bank A.S announced that it will sell its 99% stake in Fortis Factoring for (more…)


Davenham H1 pre-tax up on higher turnover

Small business loans company Davenham Group PLC reported first half profits up on sharply higher turnover... (more…)


Coface announces consolidated revenues up 7.7% in 2005

The Coface Board of Directors met on 21 February 2006 to approve the financial statements for the 2005 financial year…


Loans to companies reach record high

Korean banks' lending to small- and medium-sized companies (SMEs) reached an all-time high last month, the country's financial watchdog announced…


Close Invoice Finance named 'UK's best factor'

Close Invoice Finance has been awarded the title of Best Factoring & Invoice Discounter Provider for 2006 by Business Moneyfacts. Barclays…


Global Trade Finance plans IPO next year

Global Trade Finance, 40% owned by Exim Bank of India, plans to come out with its initial public offering (IPO)…


GE sells stake in Heller Factoring

Spain's third-largest bank, has announced it has purchased a stake in Heller Factoring from US conglomerate General Electric (GE) for…


Grupo Security profits up 26% in 2005

Chilean financial services group Grupo Security saw 2005 profits grow 25.8% to (more…)


Bankrupt factor sues auditor for failing to detect fraud

ES Bankest, the Miami-based factoring company, has sued its former auditor BDO Seidman for malpractice alleging... (more…)


LloydsTSB's asset finance unit sees profits dip

The asset finance business of UK bank LloydsTSB recorded a nine per cent fall in profit before tax for financial…


Setting sales standards in receivables finance

The Holy Grail for any sales manager in the world of financial sales is to find, and hire, “the perfect…


Acquisitions boost Fortis’ European asset finance operations

Fortis announced today that it has acquired 100% of the capital of two Hungarian leasing companies - which target mainly…


Changing the face of factoring

Competition from a new breed of small- and mid-size factors has forced the industry, once dominated by a few large…


Accounts Receivable Management Index down 1.2% in 2005

The Kaulkin Ginsberg Index (KGI), the leading indicator of economic conditions affecting the accounts receivable management (ARM) industry, ended 2005…


2006 Private Sector Payment Performance League Tables now available online

The Federation of Small Businesses (FSB), in association with The Credit Management Research Centre at Leeds University’s Business School, has…


GMAC Commercial Finance names Southeast region managment promotions

GMAC Commercial Finance (GMAC CF) has announced the immediate promotion of three executives to new roles within the company's US Commercial Services…


Getin Bank launches 'Factor in Bank', targets SMEs

Getin Bank has announced the launch of a new division which is to concentrate on providing factoring services for small-…


Entrepreneur finds right fit in factoring business

Factoring is changing the way a number of Canadian companies do business, says Rob Sproule, president of Liquid Capital Funding…


HVB joins Association of Factoring Companies

Czech company HVB Factoring has become the latest member of the Association of Factoring Companies, according to (more…)


Ukio Bankas launches SME loan campaign

Ukio Bankas (UB) has launched a two-month loan campaign to encourage small- and medium-sized enterprises (SMEs) to increase borrowing and…


EBRD US$10m loan to boost SME financing

URALSIB bank has received a second sum of US$10 m from the European Bank for Recostrunction and Development (EBRD) to…


Analysing the receivables process – From initiation to DSO

Basic analysis of receivables will allow companies to better understand their customers and identify any risk or opportunities. In the…


Bank of Baroda and SMERA MoU for SME rating

Bank of Baroda and The Small and Medium Enterprises Rating Agency of India Ltd (SMERA) have signed a Memorandum of…


SBCG says more help needed for SME loan guarantees

According to the Small Business Credit Guarantee Corporation (SBCG), local policy makers need to improve loan guarantee services for small-…


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