BCR Latest News

Nearly 14 per cent growth in Lithuania's factoring market

The aggregate factoring portfolio of Lithuanian banks and leasing firms at the end of September was LTL 590.3 m, up…


India and Germany look at SME synergies

With Indian companies queuing up to set up base in Europe, several government agencies are doing their bit to attract…


Small Business calls for long-term tax reductions

Today Catherine Swift, president of the Canadian Federation of Independent Business (CFIB) along with Garth Whyte, executive vice-president presented to…


Aegon sells TFC maritime container ops to TAL for US$1.2bn

Aegon NV said it sold Transamerica Finance Corp's (TFC) maritime container leasing activities to TAL International Group Inc for US$1.2bn.…


India's EXIM bank picks up stake in west African DEVT…

Export and Import Bank of India (EXIM Bank) has picked up less than 1 per cent stake in West African…


Government to write off bad loans owed by SMEs

The Ministry of Finance is preparing a government regulation that will enable state-owned banks to write off bad loans owed…


Bancomer to issue US$526m in small business loans through 2005

Mexico's largest financial group BBVA Bancomer at a Wednesday press conference unveiled a program to issue 6bn pesos (US$526m) in…


Credit rating for small firms units likely to be introduced…

To boost credit flow to the small-scale sector, the government is likely to introduce a credit rating scheme for small-scale…


CIT added to the S&P 500 Index

CIT Group Inc., a leading provider of commercial and consumer finance solutions, reported that Standard & Poor's has now included…


Central bank guidelines for consumer & SME financing

The Bangladesh Bank (BB) has issued prudential guidelines for consumer financing and small enterprise financing to protect the interest of…


RBI steps in to improve credit flow to SSIs

According to the World Intellectual Property Organisation (WIPO) small- and medium- sized enterprises (SMEs) are the driving force behind a…


Amlin Credit appoints new underwriting director

Amlin Credit, the specialist trade credit insurer of Amlin plc, is delighted to announce the appointment of Damien Dawson as…


StanChart focuses on SME lending as Central Bank removes interest…

Since the 1970s, the government had imposed various regulations to give an edge to local lenders. But this is expected…


Overseas investment backed with favoured loans

Despite the central bank's recent hike in interest rates, Chinese companies will continue to enjoy low-interest loans when they invest…


EXIM Thailand posts 39.32% on year fall in q3 net…

The Export-Import Bank of Thailand (EXIM) registered a net profit of 125m baht (US$3m) for the third quarter of 2004,…


Euler Hermes 9-months revenue slips

Credit insurer Euler Hermes, a unit of Assurances Generales de France SA (12592.FR), said nine-month revenue slipped 0.7% following the…


Small business fund created

The state-run Small Business Corp. will establish a 20 billion won (US$17.9m) fund to help create jobs for small- and…


Late payments, defaults fall

In a further sign of the continued recovery of the economy, late payments and defaults by Hong Kong businesses have…


Grupo Security looks to boost factoring division

Chilean financial group Grupo Security's factoring division holds a 12% market share and pulls in about 26% of the group's…


Can CFOs control cash flow?

An article by Doug Roberts, Chief Executive Officer, Avolent. Cash is the lifeblood of every company. Cash flow, particularly incoming…


Agio bank to develop factoring business

Over five years AGIO Bank (Kyev) plans to increase its share in the basic segments of the banking market of…


Late payment is still a chronic problem for Midlands businesses.…

Over half of Midlands owner-managers feel their business is being held back because of late payment by their customers. At…


Exim Bank records 1bn quarterly profit

Exim Bank (Tanzania) Ltd announced that it has recorded a net income after tax of TZS1.009bn (US$975,000) in the financial…


SBI Factors aiming for 20% quarter-on-quarter growth and to offer…

State Bank of India (SBI) formed its factoring company, SBI Factors (SBIF) in collaboration with UBI and SIDBI in 1991.…


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