BCR Latest News

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…


EIB delivers Ђ470m boost to SMEs in Italy and Slovakia

The European Investment Bank (EIB) has granted several loans, totalling Ђ470m, to support the development of innovative small-and medium-sized enterprises…


US$7.5bn subsidiary for exporters

State Minister Kursad Tuzmen announced that exporters will be subsidized in 2005 with a US$7.5bn fund from Eximbank. Tuzmen pointed…


Khula disbursements to SMEs totals R280m

Khula Enterprise Finance reported a 40 per cent increase in the value of disbursements to small- and medium-sized enterprises (SMEs)…


IFC to advise Export Development Bank of Egypt on SME…

The International Finance Corporation, the private sector arm of the World Bank signed an advisory services mandate to assist the…


Atradius announces head of sales appointment

Ian Bocca has been appointed as Head of Sales for Atradius, a UK leading credit insurer and credit management provider.…


Ultimate Finance Group – directorate change

Ultimate Finance Group PLC 12 November 2004 Ultimate Finance Group plc 12 November 2004 directorate change and result of Annual…


RBI panel proposes two-tier system for debt restructuring of SMEs

A Reserve Bank of India (RBI) panel constituted to evolve a debt restructuring system for small-and medium-sized enterprises (SMEs), has…


IFC to extend US$22m loan to Kotak Bank for SME…

The International Finance Corporation has agreed to extend a loan of US$22m (around Rs 101 crore) to Kotak Mahindra Bank…


GMAC Commercial Finance opens Polish office and secures deals worth…

GMAC Commercial Finance (GMAC CF) has today announced its success in securing six commercial finance deals in Poland, worth over…


Trade financing and credit insurance

“In Sweden commercial banks provide loans to larger companies and niche banks lend to smaller firms. Such credits have typically…


IFC launches project for developing leasing in the Ukraine

The International Finance Corporation (World Bank group) has launched a technical aid project to develop leasing in the Ukraine, Edward…


CAC Leasing takes over leasing business from HVB

CAC Leasing Slovakia, a.s. has taken over the leasing activities of HVB Leasing Slovakia, s.r.o. CAC's majority owner, Bank Austria…


Bulbank extends BGN 10m in to SME loans in first…

Bulbank extended loans totalling over for above BGN 10m to small companies during the first month of the promotional programme…


Bank granted Ђ20m EBRD loan to support SMEs in 2005

The European Bank for Reconstruction and Development (EBRD) lent Ђ20m (some Kc630m) to Czech bank Komercni banka to support small-and…


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