BCR Latest News

BNR cut the intervention rate to 12.5%

The administration board of BNR (National Bank of Romania) has decided to reduce, by two percentage points, the intervention interest…


Siam Commercial Bank to launch factoring services

Siam Commercial Bank yesterday announced that it would set up a new business unit to offer factoring services to small…


Atradius boosts its collections service

A global leader in credit insurance and credit management, Atradius NV, is boosting its collections service, with the appointment of…


New loans for SMEs from TOBB

The Turkish Union of Chambers and Commodities Exchanges (TOBB) has announced it will lend YTL 100m (Ђ55m) to small- and…


China central bank will not set up policy banks for…

The central bank will not set up new policy banks to lend to small- and medium-sized enterprises (SME) and commercial…


Latest country risk trend report from Coface

The world* country risk index has been stable at a generally low level. For industrialised countries, the gap has persisted…


Ho Chi Minh City to set up credit insurance fund…

Vietnam's largest city plans to set up a credit insurance fund for its small- and medium-sized enterprises (SMEs) with a…


Bibby Financial Services leaders appointed to head industry associations in…

The Bibby Financial Services Group has been awarded a double accolade by being appointed to head up leading industry associations…


Mitsui Sumitomo Insurance makes inroads into credit insurance market

Mitsui Sumitomo Insurance Bhd expects to underwrite between RM1 million and RM3 million worth of premiums for its credit insurance…


Industry Environment 02/03

INTRODUCTION In 2002 the UK factoring industry continued to grow at an impressive rate despite an atmosphere of stuttering business…


Exim Bank extends US$5m credit line to African bank

The Export Import Bank of India (Exim Bank) has extended US$5m line of Credit (LOC) to Eastern and Southern African…


R320m boost for young entrepreneurs' fund

Access to funding for youth has been given a major boost with the commitment by First National Bank (FNB) of…


Malaysia's bank for SMEs to start operations in October

A bank for small- and medium-sized enterprises (SMEs) will start operations in October Deputy Prime Minister Najib Abdul Razak said.…


UK business confidence rises

Four out of ten business owners in the UK (40%) feel more confident about the economic prospects in the next…


Grupo Security seeks 20% profit growth on factoring investment

Chilean financial services group Grupo Security looks to up profits 20% this year on the back of a 5bn peso…


Coface UK Receivables Finance has become the latest member of…

Coface UK Receivables Finance, part of Coface UK, a leading provider of credit solutions for business, has become the latest…


HSBC plans plunge into unsecured lending to SMEs

HSBC proposes to launch unsecured lending to small- and medium-sized enterprises (SMEs) by July this year. The foreign bank, which…


Commercial lending in Australia rises 4.3% in February

Commercial lending jumped 4.3 per cent in February amid signs Australia's corporate sector is still relatively strong. The Australian Bureau…


Sidbi to cooperate with BoI, PNB for loan disbursals

The Small Industries Development Bank of India (Sidbi) is going to start with commercial banks on extending working capital loans…


Lloyds TSB banking awards

Birmingham's Hyatt Hotel recently played host to the annual Lloyds TSB Commercial Finance Banking Awards. More than 100 guests gathered…


The Banking Association Debtor Financing Committee industry statistics 2004

The Banking Association Debtor Financing Committee has released South African members’ factoring industry statistics for the year to 31 December…


Factoring group shareholders authorise IPO

Shareholders of Banca Italease, the Italian leasing and factoring group approved the issue of 15.5 million new shares and gave…


Law re-confirms scope of insolvency act

Changes to the Insolvency Act 1986, which come into effect later on this week, explicitly provide that only limited companies…


GDM holds workshop for SMEs

A six-day capacity building workshop took place on Sunday in Accra for 111 small- and medium-scale entrepreneurs. The participants were…


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