BCR Latest News

Coface UK strengthens client offering in preparation for expansion

Coface UK, a leading provider of credit solutions for business, has strengthened its client offering by merging the teams dealing…


ADB to help promote SME development

Through a loan package approved today for US$100 million, the Asian Development Bank (ADB) will help create a business environment…


Campaign launched to encourage young entrepreneurs in London

A campaign to help young entrepreneurs get their businesses off to a flying start has kicked off in London. The…


Cenbank looks to up SME credit

Re-establishing credit for small- and medium-sized enterprises (SMEs) will be one of the main objectives of Argentina's central bank president…


Study shows small businesses optimistic about trading conditions

The small business community is optimistic the strong national economy will continue into next year, despite being concerned about possible…


Retail financier moves to unsecured loans for SME owner managers

The consumer finance company Krungthai Card has launched a new personal instalment loan product aimed at small-business owners. The non-collateral…


Beware of money laundering scam

Businesses nationwide are being targeted by fraudsters using money laundering rules to frighten them into handing over money, according to…


New niche bank to compete with factors and others for…

The official unveiling of Mexico's newest bank, Banco Ve por Mas, on 11 October was welcome news indeed for a…


Prime Minister orders Export-Import Bank of Thailand to study loan…

More than 10bn baht (US$242m) in government loans could be at risk following the purge of Prime Minister Khin Nyunt…


Rural bankers get assistance to improve SME credit access

The Rural Bank Association of the Philippines has entered into an agreement with two government agencies and a Philippine-German group…


Absence of a clear legal framework hampers factoring industry

Total factoring turnover in India increased to US$1,427m in 2003, from US$1,367m the year before, according to the global industry…


CIT ranked top SBA volume lender in 2004

CIT Small Business was awarded Top Volume Lender status by the U.S. Small Business Administration (SBA) among lenders of SBA…


First M&F Corp. of Mississippi reports third quarter 2004 earnings

First M&F Corp. has reported that net income for the quarter ended September 30, 2004 was US$2.781 million, or US$.62…


Exim Bank acquires stake in African Bank, looks to further…

The Export-Import Bank of India (Exim Bank) has acquired 30 per cent stake in the Development Bank of Zambia for…


New export finance programme unveiled

A new trade finance initiative has been created to provide California-based small- and medium-sized companies (SMEs), their buyers, suppliers, and…


SIDBI to hike credit to Kerala SMEs

The Small Industries Development Bank of India (SIDBI) has adopted new instruments and avenues for deploying credit to the small-…


US$1.5 million factoring facility boosts Texas IT services company’s ‘aggressive…

Systems Evolution Inc.(SEVI), an information technology services company, announced today that it has closed a $1.5 million factoring facility with…


ADB pledges US$50 million for SME development programme

The Asian Development Bank (ADB) has agreed to provide about US$50 million to the Bangladeshi government-sponsored small- and medium-sized enterprise…


Chicago factor in agreed US$10.8 million settlement from fraud case

Capital Factors will receive a US$10.8m settlement from one defendant in a lawsuit in which it claims that customers defrauded…


Finance minister welcomes interest rate decision

Finance minister Tibor Draskovics welcomed the Monetary Council's 50 basis point rate cut on Monday, citing it as a sign…


China boosts export credit insurance for agricultural products

According to statistics, insurance premiums on the export of agricultural products increased by more than 70 per cent in the…


Wells Fargo reports Q3 double-digit net income growth

Wells Fargo & Company reported diluted earnings per common share of US$1.02 for third quarter 2004, compared with US$0.92 in…


Export insurance and credit

The Pakistan Insurance Corp (PIC) administers an export-credit-guarantee scheme that deals with all exports not covered by letters of credit.…


Bridge Capital Holdings appoints new director

Bridge Capital Holdings, whose sole subsidiary is Bridge Bank, N.A., Silicon Valley's newest business bank, has announced that Silicon Valley…


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