BCR Latest News

Exim Bank offers big loan for irrigation projects

Exim Bank of the United States (Exim Bank) has offered Rs. 4,000-Rs. 5,000 crores as loan assistance to the State…


Rate hike hits export loans

Banks will charge 5 per cent maximum markup on export loans in December 2004. To May 2004 they were charging…


Merloni sells 40% stake in factoring unit

Merloni Elettrodomestici SpA said its board agreed yesterday to sell a 40% stake in the factoring company Faber Factor for…


World Bank announces development loan to improve SMEs’ access to…

The World Bank has approved a US$120m loan to support the development of India's small-and medium-sized enterprises (SMEs). The loan…


Business insolvencies drop in 2004 – Euler Hermes

The wave of corporate insolvencies in Germany has ebbed somewhat in the course of this year but could rise again…


Wells Fargo factoring division adds to Texas business development team

Wells Fargo Business Credit’s factoring division has named Amy Cartwright as business development officer. Cartwright will provide an accounts receivable…


Equifax announces intention to discontinue asset-based lending, factoring operations to…

EquiFin reported third quarter and nine month results for the period ended 30 September, 2004. As a result of the…


Joint Rs 500-cr SME fund announced

Small Industries Development Bank of India (Sidbi), Punjab National Bank (PNB) and Union Bank of India are coming together to…


Coface seeks Indian join venture

Even as the government has been considering a hike in the foreign direct investment (FDI) ceiling in insurance to 49%,…


Better payment practice group updates advice for exporters

The Better Payment Practice Group (BPPG) has updated the exporting section of its website, www.payontime.co.uk to give businesses credit management…


EBRD to lend Ђ10 m to CAC Leasing

CAC Leasing will draw a loan from the European Bank for Reconstruction and Development (EBRD) of Ђ10 m. The contract…


NBS cuts key interest rates

National Bank of Slovakia (NBS) has cut key interest rates by 50 basis points. From Monday, 29 November, the one-day…


Equipment leasing event to showcase national industry associations

Equipment leasing has grown into a global industry producing nearly US$500bn in annual financings. Capital equipment markets, including healthcare, IT,…


Commerce Bank live with Surecomp’s NetIMEX

Surecomp, a leading provider of front and back office trade finance solutions is pleased to announce that NetIMEX, Surecomp’s Internet…


Fintel plans new strategy to capture Chinese SMEs and appoints…

Financial Telecom Limited Inc. (Fintel Group) www.fintel.com, announced today that its board of directors has appointed Mr. David Chen to…


SMEs write off nearly Ј6.5 billion a year in bad…

Small businesses in the UK are losing a staggering Ј6.5 billion every year due to unpaid invoices, according to new…


IGF appoints new regional sales Director

Independent Growth Finance (IGF), one of the country's fastest growing business finance providers, has promoted Mike Bailey to the position…


SMEs‘ access to formal finance needs to increase – says…

A survey on small-and medium- sized enterprises (SMEs) found the SMEs in food, leather, electronics and garment sectors to be…


Societe Generale buys extra BRD stake

France's Societe Generale, majority owner of BRD-Groupe Societe Generale, bought the state's remaining 7.3 per cent last week. AVAS said…


Private SMEs enter fast-growth period

China's private small-and medium-sized enterprises (SMEs) have entered a period of fast growth. From 2000 to 2004, the nation saw…


Atradius unveils new strategy

Revamp for increased, sustainable profitable growth Focus on core credit insurance business Divestment of business lines lacking mass and/or profitability…


Euler Hermes expects revenue of more than HUF 2bn in…

Hungarian subsidiaries of Euler Hermes, a big provider of credit insurance and manager of trade receivables, expects to end the…


ECGC signs agency agreement with Andhra bank

Export Credit Guarantee Corporation of India Ltd. (ECGC) and Andhra Bank signed a Corporate Agency Agreement for marketing of ECGC’s…


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