BCR Latest News

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…


SSI loans get 'core' tag, ceiling hiked to Rs 1…

The Reserve Bank is trying to boost credit flow to the small scale industries (SSIs) and farmers. The RBI, in…


Credit insurance comes to SMEs

Atradius is a global leader in credit insurance and credit management which has previously only been available to bigger companies,…


Hong Kong forms credit risk assessment agency for small, medium-size…

The Hong Kong Monetary Authority, the Hong Kong Association of Banks (HKAB) and two other organizations have jointly set up…


Aston Rothbury release financial results for year to March 2004

Aston Rothbury has published its financial results for the year to 31 March 2004, which show turnover of Ј1.48 million,…


SIDBI launches venture fund for SMEs

The Small Industries Development Bank of India (SIDBI) has launched the small- and medium- sized enterprise (SME) growth fund, a…


Indian Exim bank extends US$7m credit to Myanmar

Export-Import Bank of India (Exim Bank) has extended a line of credit (LOC) of US$7m to the state-owned Myanmar Foreign…


Texas-based insurance and finance group announces launch of equipment finance…

American International Group, Inc. (AIG) today announced the formation and launch of AIG Commercial Equipment Finance, Inc. (AIG CEF), a…


Factor is new player on Warsaw Stock Exchange

Eurofaktor, Poland's biggest non-banking factoring company, was one of six new companies to enter the Warsaw Stock Exchange on Friday.…


Grupo Security to increase capital

Chilean financial group Grupo Security will make a capital increase of between US$50m-60m on 11 November this year, local press…


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