BCR Latest News

First credit guarantee fund for SMEs approved

Ho Chi Minh City People's Committee has approved the establishment of the first credit guarantee fund to support small- and…


ECGC of India signs MoU with Russian banks

The Export Credit Guarantee Corporation of India (ECGC) yesterday signed a tripartite Memorandum of Understanding (MoU) with Vnesheconombank and Exim…


Shanghai banks urged to support SME development

The Shanghai Bureau of the China Banking Regulatory Commission has urged commercial banks and rural credit cooperatives in the city…


Venture Finance is best debt provider

Asset based financier, Venture Finance, has scooped the TFG best debt provider award. The TFG awards are held annually and…


The UK – a good place to do business?

The UK, on the whole, is a good place to do business. That’s the verdict of a recent in-depth survey…


European leasing activity regrouped into single company

In keeping with its strategy of growing into a leading player in the European leasing market, Fortis today announced its…


Atradius launches credit insurance for recruitment industry

New Government regulations are putting recruitment firms and employment agencies at greater risk of suffering financial problems caused by bad…


Bankers warn capital outflow to bonds market heralds squeeze on…

In a meeting with Bank of Korea (BOK) presidents of commercial banks said there is a possibility of active capital…


Sterling National Bank announces Manhattan banking and International trade services…

Sterling National Bank, the principal banking subsidiary of financial holding company Sterling Bancorp, today announced a plan to open a…


Integrated Security Systems, Inc. announces US$3 million asset- based lending…

Integrated Security Systems, Inc. (ISSI), has announced an agreement with Briar Capital, L.P. to provide an asset based lending facility…


Bulgarian bank to open branch in Cyprus in 2005 –…

Bulgaria's Central Cooperative Bank (CCB) management board has decided to open a branch in Cyprus. CCB's branch in Cyprus plans…


Government to set up export insurance guarantee fund

The government of India is to set up an Export Insurance Guarantee Fund of Rs 20bn (US$444.3m) to provide risk…


More mainland China SMEs attracted to Hong Kong following easing…

More mainland enterprises are being attracted to Hong Kong after the central government recently eased restrictions on their investing in…


EDC agreements spur new export sales to Chile

Export Development Canada (EDC) today announced the conclusion of three financial agreements during 2004 that will facilitate C$ 165.1 million…


More businesses see late payment as a deterrent

Research conducted by the Better Payment Practice Group (BPPG) has found that more than three quarters of businesses now believe…


Cattles Invoice Finance Limited announces soaring profits in 2003

Cattles Invoice Finance Limited, the Manchester-based factoring company, have released financial statements for the year to 31 December 2003 showing…


Post Bank plans to develop leasing and factoring

Post bank said its target was to acquire 10% market share, bank's chief executive officer, Anthony Hassiotis, said. At present,…


SGF reports factoring income down 29%

Refering to the auditor report of Siam General Factoring Plc. at the end of September 2004 and 2003 the company…


Huawei gets export credit for Brazil project

Telemar Norte Leste SA, Societe Generale, the China Export & Credit Insurance Corporation (Sinosure) and Huawei Technologies Co., Ltd. have…


BBL expects total credit to SMEs in 2005 to grow…

Bangkok Bank Plc (BBL) said its total credit next year is expected to grow by 5-6 per cent from this…


Siemens Financial Services aggressively expands commercial finance and asset-based lending…

Siemens Financial Services, Inc. (SFS), the US financial services arm of Siemens AG, today announced the further expansion of its…


CIT wants to establish leasing and factoring business in UK…

Jeffrey Peek, chief executive and president of commercial lending giant CIT Group, is determined to expand into the United Kingdom…


Nacion to obtain US$30m credit from Korean Eximbank

Federal Argentine bank Banco Nacion will obtain a US$30m credit line from Korea's Eximbank to finance imports of Korean manufactured…


Financial intelligence unit to be set up to track money…

India finally has a financial intelligence unit (FIU) for tracking money laundering offences. The Cabinet today gave its nod to…


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