BCR Latest News

IDB approves US$116,835,000 loan to Costa Rica

A US$116,835,000 loan from the Inter-American Development Bank will support a programme to boost Costa Rica’s competitiveness by investing in…


SIDBI signs deal with UCO Bank

The Small Industries Development Bank of India (SIDBI) has started negotiations with KfW for a €40-million line of credit, which…


IFC partners with Malta’s FIM Bank

The International Finance Corporation, the private sector arm of the World Bank Group, recently signed an agreement to provide FIMBank…


Thailand-based SCB moves to tighten Sino-Thai trade & investments

Siam Commercial Bank is moving forth to tighten relations in Sino-Thai trade and investment, as it will sign an agreement…


Fortis to acquire Dryden Wealth Management

Fortis and Prudential Financial, Inc. of the United States today signed an agreement under which Fortis will acquire 100% of…


Fortis Bank enters Hungary

Belgian Fortis Bank recently opened its first representation office in Budapest, Napi Gazdaság reported. Fortis plans to be active in…


10% profit tax for SMEs

Small- and medium- sized businesses (SMEs) would pay 10% instead of 16% profit tax on the first Ft 5m of…


‘One stop shop’ SME funding packages

Key points:State Securities introduces factoring for UK SME’s Expertise in plant hire, printing and transportation industries ‘One stop shop’ funding…


US$5 million to support factoring services to small and medium…

The International Finance Corporation, the private sector arm of the World Bank Group, will provide US$5 million to Factorline S.A.…


Singapore-based International Factors acquires 10% stake in Advance-Finance

Top Singaporean financial company in bid to break into Thai market, The Nation reports. International Factors (Singapore) has agreed to a…


EDC selects Coface to provide domestic insurance coverage

Export Development Canada (EDC), Canada's export credit agency, and the Canadian arm of a worldwide business-to-business trade facilitator, Compagnie Française…


Shares drop at Banca Italease as Monte dei Paschi di…

Italian leasing and factoring group Banca Italease yesterday saw its share price drop by 1.29 per cent to close at…


Value of insurance on Polish exports soars

Speaking at a conference on Monday, the chairman of the Export Credit Insurance Company (KUKE), Jaroslaw Biernacki pointed to figures…


Progressive Employer Services acquires US$5m credit line to fund new…

Progressive Employer Services, a privately held professional employer organisation (PEO), announced today that it has entered into a US$5m revolving…


Mapfre credit insurance may see profits soar by 55% in…

Chilean credit insurance company, Mapfre Garantías y Créditos, is on track to increase its profits by 55 per cent to…


Kasikornbank exploits opportunities with Chinese SME businesses

In today's business environment, China has become the country of choice for companies who want to benefit from the vast…


New government appointment may encourage more support for small business

It is hoped that the new appointment of small business commissioner, Michael Scaper will encourage the government to offer more…


FDA encourage creative thinking with factoring course

By Sandrine Lester, BCR's factorscan Editor The FDA has a reputation for setting a benchmark in excellence for the variety and standard of…


Siauliu Bank granted Ђ2 m credit line for SMEs

Siauliu Bank and the Nordic Investment Bank have signed an agreement that will grant Siauliu Bank  a credit line of…


MFB launches new HUF 2bn ( Ђ8,115.41) loan programme for…

The Hungarian Development Bank (MFB) has signed a contract with Budapesti Vallalkozasfejlesztesi Kozalapitvany (BVK) subsidiary Enterprise '94 to launch the…


BRE’s new strategy focuses on small- and medium-sized firms

BRE Bank has devised a new corporate banking strategy that will focus on small and medium-sized enterprises (SMEs), instead of…


Cenbank to impose more caps on bank fees

Venezuela's central bank has approved a new set of bank controls, local press has  reported. The central bank will limit fees…


GE acquires remaining 50% of Heller Bank from ING

The financial arm of US conglomerate General Electric (GE) has acquired ING Bank’s 50% stake of Heller Bank, giving it…


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