BCR Latest News

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…)


Government to canvass liberalisation of factoring transactions

Russia's ministers met yesterday to canvass liberalisation of factoring transactions. Economic Development Minister German Gref, who calls for abolishing licenses…


Nomos-Bank develops export and trade finance services, doubles net income

Nomos-Bank ranks among Russia's 20 largest banks in terms of equity and assets, among top five players in the factoring…


Factoring scam victims must look for warning signs

He met someone who said he was doing well investing in a so-called factoring plan. "It sounded like a great…


World Factoring Yearbook's first report on the Israeli factoring market

“The factoring industry in Israel is still relatively new to the financing markets…” Subscribers to factorscan.com can now read the…


Profile of factoring in the UAE now available

Subscribers to factorscan.com can read the latest report on factoring in the UAE by local industry expert Vijay Vashist, head…


Internet SME credit bureau launched

Malaysia's 700,000 small- and medium-scale enterprises (SMEs) can now check the financial standing of their future business partners via (more…)


Managing risk in the receivables finance industry

A core theme running throughout this proposal is the understanding and usage of the Client Time Line Theory. The basic…


Second consecutive record-breaking year in the accounts receivable management industry

M&A activity in the accounts receivable management (ARM) industry reached a new all-time high in 2005, with over (more…)


New financial support approved for innovative SMEs

Under the package, the state-run Korea Development Bank will increase the amount of funds that can be borrowed by innovative…


Coface acquires majority stake in Israeli credit information company

Trade credit insurer Coface S.A. acquired a majority stake in an Israeli provider of credit information that Coface said would…


Export insurance jumps as firms hedge on won

Korean companies rushed to buy insurance against foreign exchange risks last year to hedge against swings in the value of…


New CEO at NLB Factor

The new chief executive officer and agent of NLB Factor was appointed at the end of 2005 having previously headed…


Business borrowing on the rise

The Australian Bureau of Statistics said commercial finance rose in November to (more…)


New rules streamline licensing process for factoring and leasing firms

New regulations published in Mexico's federal register on yesterday will make it easier for investors to open factoring, leasing (more…)


SMEs are missing opportunities for reduced risk and more flexible…

The survey also revealed that a third of business owners rely on banks because they lack knowledge of other funding…


Factoring market will grow by 50% to NIS 4.2bn in…

Israel's factoring market is expected to grow by 50% to NIS 4.2 bn in 2006, Shlomi Sarid, CEO of Clal…


BofA selects Basel II solution

Bank of America has extended its relationship with (more…)


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