BCR Latest News

Eurofactor initiative set to “revolutionise” trading across Europe

Leading business finance experts, Eurofactor, have launched a new pan-European factoring facility which may “revolutionise” the way multinational operating groups…


Banks expected to post record yearly net profit

South Korean banks will likely post a record high net income of more than 7trillion won (about US$6.1bn) this year…


Government red tape pledge on business aid

Ministers have pledged to cut back on the red tape damaging government assistance to smaller businesses. The move came as…


Spowart plans bank for SMEs

Jim Spowart, the bank start-up expert who brought Direct Line Financial Services, Standard Life Bank and Intelligent Finance (IF) to…


Small firm loans due for overhaul-Richard Tyler

A review of the government-backed small firms loan guarantee scheme has found it "expensive" and "bureaucratic" and recommends a bonfire…


IGF Invoice Finance Ltd pre-tax profit soars

IGF Invoice Finance Ltd (IGF), part of the Greater London Enterprise (GLE) Group of Companies, has announced a pre-tax profit…


Challenge Finance reports 2003 loss

Challenge Finance Ltd, the Sevenoaks-based invoice discounter, has reported a loss before tax of Ј568,599, compared to a loss of…


City Invoice Finance Ltd celebrates 5 years in business and…

City Invoice Finance Ltd, the Manchester-based cash flow solutions company, has announced a pre-tax profit of Ј514,645 for the financial…


Ex-Im Bank US$70m loan supports sale of US equipment to…

The Export-Import Bank of the United States (Ex-Im Bank) today approved a direct loan of up to US$70.2m to support…


Ex-Im Bank backs US exports to Mexico's PEMEX for new…

The Export-Import Bank of the United States (Ex-Im Bank) today approved a US$400 m long-term loan guarantee to support the…


Nafin back in black with US$10m profit in first half

Mexico's largest development bank Nacional Financiero (Nafin) reported first half net income of 113m pesos (US$9.9m), compared to losses of…


Commercial Financing and Management Firm teams up with US Global…

Ardaini & Associates has agreed to join the US Global Marketing Advisory Board, providing management consulting and commercial financing services.…


Banks channel Rp35.9 trillion in credits to SMEs

The banking sector channelled credits totalling Rp35.9 trillion to small-and medium- enterprises (SMEs) in the January-July period this year, Deputy…


Indian Sbi-Canara bank Jv begins operations in Moscow

The Commercial Bank of India LLC (CBI), a joint venture between public sector Canara Bank (BSE:CNBK) and State Bank of…


MicroFinancial secures US$30m line of credit from CIT

MicroFinancial Incorporated (NYSE:MFI) announced today that it has arranged for a three year, US$30mn senior secured revolving line of credit…


New panel to address woes of exporters

Reserve Bank of India (RBI) has constituted a separate Sub-Committee under the State Level Bankers Committee (SLBC) called the Sub-Committee…


EEFA in Vilnius – 4th annual conference report

On 14 September members of East European Factoring Association gathered in the Baltic town of Vilnius, capital of Lithuania, for…


Exporters must do their homework or they could face bad…

British exporters must do their homework before targeting new overseas markets or they could end up with slow paying customers…


S Kumars to raise US$150m to repay rupee debt

S Kumars Nationwide Ltd (SKNL) is planning to repay its rupee debt by raising US$150m (close to Rs 700 crore…


Ex-Im bank vice chair calls for increased financial ties with…

Export-Import Bank of the United States (Ex-Im Bank) vice chair April Foley called for expanded US-African trade and investment this…


Financial regulators tighten grip

Regulators have strengthened the crackdown on unfair trading and irregular accounting after Yoon Jeung-hyun took office as chairman of the…


EBRD allocates US$2m to support Tajik entrepreneurship

Under an agreement signed between the European Bank for Reconstruction and Development (EBRD) and the Tojiksodirotbank, the EBRD will help…


Leasing company shareholders approve move into debt factoring

At the extraordinary general meeting on 28 September 2004, the shareholders of Oman Orix Leasing approved the proposal of the…


India aims at doubling trade with Germany in 2005

The government said it is aiming to almost double the volume of trade between India and Germany to US$10 billion…


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