BCR Latest News

SIDBI planning to acquire stake in commercial banks

Small Industries Development Bank of India (SIDBI) today said it is in talks with 3-4 commercial banks for stake, so…


Aval gets next US$1.8m tranche under EBRD credit line

Kyiv-based Aval Bank has received the next US$1.8m tranche under the credit line of the European Bank for Reconstruction and…


Coface 2004 – factoring business increasing 13%

Consolidated turnover rose 4.3% to 1,130.8 million euros (1.2% at constant consolidation scope and exchange rates) The loss ratio registered…


Improved credit register to provide more data about SMEs

The Czech National Bank (CNB) and the Czech Statistical Office (CSU) are teaming up to develop a new monitoring system…


General Capital Group plc unveiled in major re-branding exercise

A major re-branding of Grovefield Finance is unveiled with the creation of General Capital Group plc. Building on a history…


Citibank starts campaign targeting SMEs

Citibank is starting a campaign to attract SMEs, managing director Janos Horvath announced. The bank aims to boost both its…


S Korean government to invest US$998m to help venture start-ups

The government plans to invest 1 trillion won (US$998m) into fund of funds (FoFs) that will provide money to venture…


Promotion at GMAC Commercial Finance plc Leeds office

GMAC Commercial Finance, one of the UK's leading corporate funding specialists, today announced the promotion of David Culpan to Regional…


Tokyo bank set to open doors for SMEs in April

ShinGinko Tokyo Ltd., a bank set up by the Tokyo Metropolitan Government, will open for business on 1 April, said…


Factoring company record report revenues in 2004

D.S.Factoring raised total revenues to record Kc1.4bn last year, up 60 % from 2003, as the company in the year…


Agency to eliminate NIS 10m rural SME loans budget

From next year, the Jewish Agency has decided to eliminate its NIS 10 million budget for small businesses and enterprises…


Exim Bank likely to pick stakes in African bank

Export Import (Exim) Bank of India is likely to pick up an equity stake in Development Bank of Mauritius (DBM),…


Iran expects US$500m investment from Indian SMEs

Iranian Chamber of Commerce said it is expecting an investment of US$500m by Indian small- and medium-sized enterprises (SMEs) in…


Euler Hermes opens a branch in Lausanne

World number one credit insurer has reinforced its presence on the Swiss market. As well as the branch in Zurich,…


UFJ Bank targets smaller firms with unsecured loans

In a move to bolster business with small- and medium-sized enterprises (SMEs), UFJ Bank plans to provide a total of…


Accord announces record fourth quarter and annual earnings;

Accord announces record fourth quarter and annual earnings. Accord Financial Corp., a leading North American provider of asset-based financial services…


Government to launch micro financing year

The government is set to kick off the Year of the Micro Business and will allocate Rp 50 trillion (US$5.4bn)…


Donor agencies discuss support for Africa's SMEs

Representatives of donor agencies, commercial banking institutions and business organizations are meeting in Tunis to discuss support for Africa's small…


Leasing sector fully open soon

China is going to completely open its leasing industry to foreign investors in the near future, said the Ministry of…


Central bank lowers base rate beyond expectations

The Monetary Council of the Hungarian National Bank (MNB) cut its benchmark interest rate by 75 basis points to 8.25%…


Banks establish their credit bureau

The Korea Credit Bureau, an agency created by 11 Korean financial companies, was officially set up yesterday to help banks…


Cattles funds growth for Farnham Windows and Conservatories Ltd

Farnham Windows and Conservatories Ltd is set to double its turnover to Ј1 million and take on four new staff…


SME Bank to create 5,000 new entrepreneurs

The Small and Medium Enterprises Development Bank of SME Bank announced its lending plan in accordance with the government's policy…


Skipton business finance appoints national Sales Manager

Andrew Charnley has taken up the role of national sales manager at Skipton Business Finance (SBF), one of the North…


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