BCR Latest News

Arvato acquires Infoscore to provide factoring and credit risk assessment

Arvato, the printing subsidiary of German media giant Bertelsmann, is planning to take over Infoscore, a German financial service provider,…


Payments and Cash Management within Trade Finance

Introduction Due to sheer volumes, most of the emphasis seen in Banking-related journals as well as that emanating from organizations…


Potential Finance swings into FY profit update

Potential Finance Group PLC swung into profit at the full year stage on lower revenues as cost cuts boosted the…


Euler Hermes forecasts growth

Euler Hermes, the French credit insurance company, has said that it expects its turnover to rise by 5 per cent…


Davao traders to boost support for SMEs

Newly appointed Trade and Industry Secretary Juan Santos is eyeing a strong support system for small- and medium-sized enterprises (SMEs)…


Hal Marshall-Led Group launches factoring company for truckers

An accomplished group of trucking industry veterans announced the formation of Advance Business Capital, the first and only freight bill…


De Lage Landen Financial Services appoints Jeff Enoch VP- New…

De Lage Landen Financial Services, a leading international provider of high quality asset-based finance products to manufacturers and distributors of…


Ђ33m SME loan with Italian government approved

The Serbian government has authorised the National Bank of Serbia and Finance Ministry to sign an agreement with the Italian…


Second foreign bank enters factoring market in Vietnam

The State Bank of Vietnam (SBV), Vietnam's central bank, has allowed the US Far East National Bank (FENB) to provide…


Ceska Sporitelna’s SME loans top CZK 20bn in 2004

In 2004, Ceska Sporitelna provided new loans for small- and medium-sized enterprises (SMEs) totaling CZK 20.2 bn. The overall portfolio…


BPB provided BRL 29m in micro loans

Brazilian micro credit bank Banco Popular do Brasil (BPB) has reached 1.2 million clients after one year of operation, parent…


Two new appointments strengthen team at leading European invoice finance…

Fortis Commercial Finance, part of the international Fortis banking, insurance and investment group, is pleased to announce the appointment of…


Banks struggling to shed bad SME loans

South Korea’s major commercial banks are suffering from overdue loans to households and small- and medium-sized enterprises (SMEs). Of banks,…


ICCB's help for tsunami SMEs

The International Chamber of Commerce - Bangladesh (ICCB) has set up a Reconstructing Small Business Fund (RSBF) to extend assistance…


Venture Finance announces record profits and expansion

Venture Finance today reveals another record year, with pre-tax profits of Ј8.45m - a 36 per cent increase on 2003.…


US Bank introduces “fees paid” SBA loan programme

US Bank has introduced a new "fees paid" SBA loan for small business customers utilizing the flagship 7(a) guaranteed loan…


North Little Rock factoring company’s law suit accuses Tennessee factoring…

A North Little Rock based factoring company filed a civil suit in US District Court for the Eastern District of…


Sidbi, PB and OBC to set up a rating agency…

"Punjab National Bank, Oriental Bank of Commerce and Small Industries Development Bank of India will set up a rating agency…


GE Commercial Finance Corporate Lending adds originator to Texas market

GE Commercial Finance Corporate Lending announced that it has named Paul W. Patrick as senior vice president of origination for…


India and Italy set bilateral trade target of Ђ5bn by…

India and Italy have set a bilateral trade target of Ђ5bn, which Commerce and Industry Minister Kamal Nath said, was…


Export insurance programmes in Hong Kong

The great majority of Hong Kong exporters do not have credit insurance, but trade on an unsecured or letter-of-credit basis.…


State financing firms to support OTOP programme for SMEs

Government financial institutions (GFIs) involved in the SME Unified Lending Opportunities for National Growth (SULONG) programme will provide financing to…


Firms increasingly loom to Hong Kong for factoring

There are ten factoring companies in Hong Kong; they had a total turnover of Ђ3.25bn in 2003, according to Factors…


Fexco acquires BNP Paribas Finance

Kerry-based payments company Fexco has entered the asset finance business with the purchase of BNP Paribas Finance from its French…


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