BCR Latest News

FDA Q3 figures top Q2 record

The Factors and Discounters Association of the UK and Ireland (FDA) has released members’ results showing members’ advances to businesses…


Global Trade Finance pioneers non-recourse factoring in domestic market

Global Trade Finance Ltd. has introduced, for the first time in the country, a product that provides for domestic factoring…


Ministry of Justice to review factoring legal framework

The Ministry of Justice plans to revise the nation's lending laws that were crafted in 1896, updating them to accommodate…


ICIC ‘12.5% of debts in 2005 problematic’

In 2005, 12.5% of payments in arrears became problem debt*. The sectors most at risk were (more…)


Company liquidations fall to new record low in 2005

The number of company liquidations in Ireland fell to a new all time low of (more…)


Bank names head of Working Capital Finance Group

First Citizens Bank has announced the name of its new manager of the company's Working Capital Finance Group (more…)


Elcy grows senior management team

Web-based trade finance solution provider Elcy has appointed Shirley Mutter to its senior management team, following the appointment of Sabyasachi…


Finally, small or mid-size US exporters can get the immediate…

Collecting payments from companies in other countries involves risk and requires credit expertise. US exporters, who are reluctant to extend…


Bibby opens in Edinburgh

BIBBY Financial Services has opened an office in Edinburgh that will offer invoice factoring services to the local market.  The…


Landsbanki Commercial Finance provides funding package to Charterhouse Food Group

Landsbanki Commercial Finance (LCF) has provided a £2.55 million funding line to help The Charterhouse Food Group Ltd (CFG) complete…


Korea Eximbank loan to Alfa Bank increased to US$80m

Alfa Bank has signed an agreement with The Export-Import Bank of Korea on increasing a loan Alfa Bank received in…


P3-B fund to support SMEs in 2006

Available funding worth P1 to P3 bn will support the small- and medium-sized enterprises (SME) sector next year. SMEs comprise…


Achef sees factoring growing 20-25% annually

The Chilean factoring industry expects business volume to grow 20-25% annually for at least the next two years due to…


Catalana Occidente ups Atradius stake

Spanish insurers Catalana Occidente and Credito y Caucion have jointly invested EUR245.44 m to buy a 25.02 per cent stake…


Euler Hermes enters the Turkish credit insurance market

Euler Hermes, the world s leading credit insurer and member of the Allianz group, has signed a cooperation agreement with…


Credit rating agency assigns A1+ rating to GTF debt programme

The ratings are based on the strength and commitment of GTF's (more…)


SME bankruptcy figures tumble in 2005

The number of insolvent companies decreased sharply this year on strengthened efforts to improve their financial structures (more…)


Banex factoring portfolio increases 66% in 2005

Banex has expanded its SME factoring portfolio this year to ARS (more…)


Banca Comerciala Romana privatisation deal announced

The Privatisation Commission has announced the winner of the race for the acquisition of Banca Comerciala Romana (more…)


Deutsche Bank sells stake in Atradius

Deutsche Bank AG said it is selling a stake in Dutch credit insurance group Atradius NV to (more…)


BankMuscat launches SME programme lending solutions suite

Its comprehensive suite of programme lending solutions for the SME sector, will, in time, replace the (more…)


HSBC “the leader in regional trade finance” Asia Pacific in…

The Hongkong and Shanghai Banking Corporation (HSBC) continued to demonstrate its leading position in regional trade finance in 2005 by…


Government improves terms for SME loan programme

Small businesses are being offered better terms under the state-sponsored (more…)


Bibby Financial Services appoints new Business Development Manager

Bibby Financial Services, a global provider of business cash flow solutions has announced a new (more…)


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