BCR Latest News

Factoring industry salaries stay flat in 2005

Salaries for the receivables finance industry in the UK have remained flat throughout the past twelve months, a pattern likely…


London Scottish Invoice Finance announces profits up 15%

London Scottish Bank yesterday announced a fall of almost 22 per cent in full-year profit. In the same period, profit…


Non-bank factors regulated by emergency ordinance

The activity of non-banking financial institutions (IFN), including factoring companies, will be regulated through emergency ordinance and not by law…


Bibby Financial Services appoints five new members of sales team

Following the launch of Bibby Financial Services' new business unit in December, the company has appointed five new members of…


Coface 2006 Global Risk Assessment

According to Coface, world growth should remain steady in 2006, still underpinned by strong American and Chinese demand. However, Coface…


New name for The Royal Bank of Scotland Commercial Services

The Royal Bank of Scotland (RBS) has renamed its invoice finance business. The Royal Bank of Scotland Commercial Services will…


Manufacturers struggle as orders continue to fall and costs rise…

According to the latest quarterly survey of industrial trends by the CBI*, rising costs and weak demand have forced embattled…


UK economy is getting back on its feet, says ITEM…

The UK economy is getting back on its feet showing signs of a modest recovery in 2006, according to the…


GE CEO visits Middle East region

Five of the company’s six businesses - GE Commercial Finance, GE Infrastructure, GE Healthcare, GE Industrial, and NBC Universal –…


Desarrollo aims to boost profits 20% in 2006

Chilean bank Banco del Desarrollo expects to see a 20% profit increase in 2006, local daily La Tercera quoted bank…


Deutsche Forfait eyes finance for exports, imports

Acting secretary of the Board of Investment (BoI) Talat Miyan has stated a German trade financing company has said it…


Coface acquires control in the leading credit information provider in…

Coface has announced that it has acquired a majority stake in  Israel's leading credit information provider (more…)


GE Commercial Finance segment profit up 20% in 2005

GE announced record full-year 2005 earnings from continuing operations  up 12% from 2004 (more…)


Name change for Wachovia's Canadian asset-based lending business

Wachovia's Capital Finance division announced that its Canadian operation has changed its name and will be called (more…)


KEIC first to provide financing for short-term export transactions

The state-run export credit insurance agency recently announced that it approved support for a loan worth (more…)


FIMBank group meeting reviews expansion and progress

Margrith Lutschg-Emmenegger, president of FIMBank expressed her satisfaction with the group’s progress. She reviewed the year and was pleased to…


Experian report shows legislation fails to curb late payment

Nnew research published by Experian , the global information solutions company, has revealed that, seven years after the introduction of…


Finance industry expects Government to table draft bill on factoring…

In what would be a major relief for the small- and medium-sized enterprises (SMEs) and especially to small-scale industries (SSIs),…


Banks beef up export factoring

Four local banks have joined the Factors Chain International (FCI) to provide the factoring service to local exporters, while two…


GE Commercial Finance closes acquisition financing for special situations private…

The Business Finance solution consists of a confidential invoice discounting facility of £10 million. The acquirer, (more…)


Factors launch R$500 million receivables fund

In the first 15 days of this year, the receivables funds market turned over more than R$1 billion, according to…


Insuring against bad debt eliminates many of the problems facing…

On the back of a strong rand and consistently strong figures, both the Reserve Bank and the Finance Ministry have…


Bank of India sets exim finance target

Bank of India is aiming to increase substantially its export-import finance this year with a target of (more…)


Vijaya Bank signs MoU with SME rating agency

Financing the SME sector is being accorded top priority by Vijaya Bank; the bank is aiming at doubling its (more…)


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