BCR Latest News

Coface UK survey indicates credit insurance viewed as strategic business…

Coface UK, a leading provider of credit solutions for business, has conducted a survey of clients and revealed that businesses…


PTA Bank, FMO sign K75bn trade finance agreement

The Eastern and Southern African Trade and Development Bank (PTA Bank) has signed a US$15m (about K75 billion) trade finance…


Zoltбn Bodnбr appointed as a new CEO of Eximbank

Zoltбn Bodnбr is the new CEO of state-owned foreign trade financer Hungarian Export-Import Bank Rt (Eximbank). Istvбn Csillag, the former…


Pakistan's OIC task force to boost SMEs exports

The Organisation of Islamic Conference (OIC) task force on the small and medium-sized enterprises (SMEs) for export products has recommended…


Pact with WB on SMEs financing

India and the World Bank have signed a loan agreement on small- and medium-sized enterprises (SMEs) financing and development project.…


KfW to fund more SMEs

German state-owned development bank Kreditanstalt fur Wiederaufbau (KfW) has announced that it awarded more loans to medium-sized business in 2004…


Emirates Bank Factoring goes global – now a member of…

Emirates Bank has become the only local bank in the UAE to become an accredited member of Factors Chain International…


Base interest rate drops

The base interest rate (BIR) valid as from February 1 to February 28, 2005, has been set at 1.89 per…


Growth of regional management team at Venture Finance

Invoice and asset-based financier Venture Finance starts 2005 on a positive note, with the promotions of Fiona Black and Chris…


PEAC Jakarta unit launched to boost SME financing access

In an effort to help develop and empower small-to medium-sized enterprises (SMEs), a Jakarta unit of an agency designed to…


GCR rates CGIC 'AA'

International rating agency Global Credit Rating Co (GCR) has reaffirmed Credit Guarantee Insurance Corporation's (CGIC) claims paying ability rating of…


EFG Eurobank announces managerial changes for factoring expansion

EFG Eurobank Ergasias on Monday announced a series of management changes as part of a strategic plan to expand activities…


Base rate cut

The Monetary Council of the National Bank of Hungary (MNB) cut its benchmark interest rate from 9.5% to 9%. The…


58% SMEs confess having financial dificulties

A recent study by the Korea Federation of Small and Medium Businesses showed that 58.3 per cent of 310 small-…


S Korea's Exim bank to offer factoring to exporters

State-run Export-Import Bank of Korea said Monday it will provide 500 billion won (US$488m) this year to local exporters by…


Malaysia to set up SME development bank

Malaysia will set up a development bank to assist small- and medium-sized enterprises (SMEs) in 2005, Prime Minister Abdullah Ahmad…


Coface opens subsidiary in South Africa

Coface buys 100% of CUAL, a leading South African Underwriting Agency, and opens a local subsidiary to support its first…


AXA Affin's trade credit insurance

AXA Affin Assurance Bhd has expanded its insurance products with the launch of trade credit insurance on 31 January, which…


Eurofaktor prepares for stock deals with financial investors

The shareholders of the Myslowice-based factoring company Eurofaktor have entered negotiations with financial investors interested in the acquisition of a…


Cattles Invoice Finance helps start up IT& telecom company

Cattles Invoice Finance has funded start-up company Blue Cube in Knowsley, creating sixteen jobs in the area. Blue Cube provides…


CNB cuts interest rate by 0.25 percentage points

Czech National Bank (CNB) has surprisingly cut interest rates by 0.25 percentage points. Main repo rate is dropped to 2.25…


CitiCapital launches asset-based finance unit to target SMEs

CitiCapital has announced the formation of a new business group, Citi Commercial Asset Based Finance. The new unit will provide…


Atradius pledges support for trade with countries impacted by tsunami…

Atradius Trade Credit Insurance today announced its commitment to ongoing support for companies selling to buyers in tsunami-devastated areas. "As…


US$25m Philippine pte equity fund launched to bolster SMEs

The government's efforts to support small- and medium-sized enterprises (SMEs) nationwide was bolstered with the launching in Malacanang, the presidential…


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