BCR Latest News

Central bank approves share capital increase for National Factoring Company…

On October 27th the Central Bank of Russia approved the increase in the share capital of the National Factoring Company…


ECGC signs memorandum of understanding on co-operation with Exim bank…

The Export Credit Guarantee Corporation of India Ltd (ECGC) has signed a memorandum of understanding (MoU) with the Exim Bank…


Barclays assists SMEs traders

Among the products of Barclays’ business solutions are financial products designed to meet the diverse needs of small-and medium-sized enterprises…


OneSource announces content upgrade to improve quality; signs six new…

OneSource Information Services, Inc., a Donnelley Group company of info USA (Nasdaq:IUSA), today announced it has aggregated content from six…


CSOB Slovak branch nets SKK 540m in 9M

The Slovak branch of the Czech bank CSOB raised its net profit to SKK 539.35m in Jan-Sept 2004 from CZK…


Loans to SMEs up 5% in January-September

The banking industry gave out 5 per cent more loans to small- and medium- sized enterprises (SMEs) for the first…


EBRD to open US$10m credit line to Agio bank for…

The European Bank for Reconstruction and Development (EBRD) is to open a US$10 m direct credit line to AGIO Bank…


Structured finance lifts credit clouds over SMEs

German bankers may not like to admit it, but for the first time in post-war German history, the country's small-and…


SBA loans up in New Jersey from 2003

The US Small Business Administration (SBA) approved 18 per cent more loans in New Jersey in fiscal year 2004 than…


HVB announces plans to enter the factoring market and alliance…

Matthias Kunsch, managing director of HVB Bank Hungary announced that, contrary to earlier plans, HVB did not set up a…


EBRD to invest up to US$1.5bn in Russian SMEs

The European Bank for Reconstruction and Development (EBRD) is ready to invest up to US$1.5bn in Russian small- and medium-sized…


Insurance against credit risks

As lending develops, banks become increasingly interested in insurance against credit risks. Thanks to insurance, banks can secure additional guarantees…


Chamber speaks out on credit facilities for SSIs

The Tamil Nadu Chamber of Commerce and Industry, while appreciating the Reserve Bank of India's (RBI) firm decision against a…


New joint venture to offer unsecured loans

Chuo Mitsui Trust and Banking Co. and Nissin Co. agreed to form a joint venture focusing on loans for smaller…


Serfin opens US$87m SME credit line under new alliance

Mexico's thir- largest bank Santander Serfin has set aside 1bn pesos (US$86.8m) for loans to small- and medium-sized enterprises (SMEs)…


KUKE improves results, as more firms are eager to export…

KUKE, the Polish export credit insurance agency, has collected contributions worth nearly ZL64m over the first three quarters of the…


Centurion Bank to securitise loans to SMEs

Centurion Bank would look for securitisation of some of its lending portfolios to small- and medium- sized industries, including commercial…


Foreign investment to break US$5bn in 2004

Since the beginning of the year up to the end of September, 164 foreign entities announced, or actually carried out…


Accord posts higher third quarter and nine months’ earnings and…

Accord Financial Corp. (TSX – ACD), a leading North American provider of asset-based financial services to businesses, including factoring, financing,…


EXIM Bank Bonds rating assigned on government support and its…

Standard & Poor’s (S&P) on Wednesday assigned an ``A-‘’ senior unsecured foreign currency debt rating to the Export-Import Bank of…


Reserve Bank proposes prudential norms for FIs bad loans

The Reserve Bank of India (RBI) has proposed new norms for bad loans of financial institutions saying that their assets…


Invoices get executive title

Rates are bound to fall as invoices get executive title. On 19 October, Congress approved a law that grants invoices…


SME Bank and THAI join hands to give factoring support…

The Small and Medium Enterprise Development Bank of Thailand (SME BANK) has teamed up with Thai Airways International Public Company…


BBVA unit expects 25% SME loan growth this year

The Chilean unit of Spanish financial group BBVA (NYSE: BBV) expects to boost lending to SMEs by 25% this year…


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