BCR Latest News

CIT to acquire Education Lending Group for US$19.05 per share…

CIT Group Inc., a leading provider of commercial and consumer finance solutions, announced that it has signed a definitive agreement…


Krung Thai Bank aims to lend 40 billion baht to…

State-owned Krung Thai Bank PCL (KTB.TH) plans to increase loans to small- and medium-sized enterprises (SMEs), by 40 billion baht…


VEB, Roseximbank ink export-credit insurance deal with COFACE

Vnesheconombank (VEB) and Roseximbank singed a tripartite agreement with French export-credit insurer COFACE, VEB chief Vladimir Dmitriev told. "The agreement…


Nafin, Ex-Im Bank in SME credit hook-up

Mexican development bank, Nacional Financiera (Nafin) and the American export and import bank Ex-Im Bank signed an agreement to grant…


Barclays signs deal with Enterprise Uganda to boost SMEs

Barclays Bank has signed a partnership with Enterprise Uganda, to boost small- and medium-sized enterprises (SMEs). The deal was signed…


State-run financing institution offers equity financing for SMEs

For entrepreneurs bent on making their businesses grow but are hobbled by resource constraints, outside funding can be a much-needed…


Raiffeisenbank gets Ђ10m credit line to fund SMEs

Raiffeisenbank Bulgaria received a Ђ10m credit line to finance the small- and medium-sized enterprises (SMEs). The funds are provided by…


FIM Bank acquires 38.5 per cent stake in GTF

First International Merchant (FIM) Bank has acquired 38.5 per cent stake in Global Trade Finance (GTF)-26 per cent of the…


Reliance Infocomm signs US$750m debt financing deal

According to "Business Line", even as it is being buffeted by internal turmoil, Reliance Infocomm (RIC) announced the closure of…


ECGC credit to be slashed by 50 per cent for…

Export Credit Guarantee Corporation of India (ECGC) has decided to reduce the eligible credit limit by 50 per cent or…


Small Businesses to obtain larger working capital loans

US small business exporters are obtaining larger working capital loans under the new co-guarantee agreement of the Export-Import Bank of…


EBRD supports SMEs in Moldova with US$5m loan

Entrepreneurs across Moldova will gain more access to finance following a US$5m loan from the EBRD to Moldindconbank (MICB), one…


Eurofaktor to debut on Warsaw Stock Exchange

Eurofaktor, Poland's fifth-largest factoring firm plans to float over 2.4 million shares. At the same time the company's management, following…


Insurance expert predicts rise in company insolvencies in coming year

Experts at credit insurer Euler Hermes expect a 0.8 per cent rise in company insolvencies to 38,000 in 2005, following…


Eurofaktor increases 2004 forecast

Eurofaktor, Poland's biggest non-banking factoring company, has increased its net profit and turnover forecast for this year. Having taken into…


Philippine banks provide smaller loans to SMEs in q2

The entire banking system provided smaller amounts for loans to small- and medium-sized enterprises (SMEs) in the second quarter, but…


Invoice errors cost firms time and money

Thousands of British firms are not getting paid on time because they make basic mistakes on the bills they send…


Eurofactor changes hands

The French banking group Credit Agricole SA has finalised its acquisition of 49.09 per cent of French factoring company Eurofactor…


UK Business failures fall to record lows

According to experts at BDO Stoy Hayward, 2004 is expected to record the lowest number of business failures for six…


Exim bank to boost lending and guarantees by 41% in…

The Export-Import Bank of Korea, a state-run trade bank, said it will increase its lending by 41% to 24 trillion…


New Ex-Im Bank/SBA guarantee agreement means larger working capital loans…

US small business exporters are obtaining larger working capital loans under the new co-guarantee agreement of the Export-Import Bank of…


KFW Germany lends Ђ16m to support Russian SMEs

Germany's KfW signed credit agreements worth a total of Ђ16m with three Russian banks during the small and medium business…


EBRD opens US$20m credit line for Russia’s SMEs

The European Bank for Reconstruction and Development (EBRD) is opening Rosbank a credit line for US$20m for five years to…


ING, GE to restructure finance joint venture NMB-Heller

ING Group NV and General Electric Commercial Finance have agreed to restructure their working capital finance joint venture NMB-Heller. ING…


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