BCR Latest News

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…


FDI inflow to CEE region drops by a third

Foreign direct investment (FDI) inflows into Central and Eastern Europe (CEE) dropped by one third from a record US$31bn in…


Government keeps tabs on SMEs’ financial woes

Minister of Finance and Economy Lee Hun-jai has ordered senior ministry officials to step up efforts to keep liquidity problems…


Specialist Article – China Report

This special report examines the difficulties facing treasurers in multi-national corporates in China. Their main challenge is the absence of…


Jewellery executives plead guilty to factored fraud charges

Three jewellery industry executives pleaded guilty yesterday to charges that they were part of a $20 million rip-off of a…


Nafin back in black

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


SBA launches online SME database

The Barbados Small Business Association (SBA) is launching an online business information system (BIS) to keep track of the sector's…


Factoring improves steelworks’ liquidity

After three quarters, Huta Ferrum steelworks is to present satisfactory results, says Jan Waszczak, the company's president. However, the company…


Coface UK launches new receivables finance factoring service

Coface UK, a leading provider of credit solutions for business, has added to its range of credit management products with…


BNP Paribas and Sinosure link up for export credit facility

Huawei Technology Co., Ltd., a large communication equipment supplier in China, announced in Beijing that it had obtained US$28 million…


Factoring fraudster faces 35 years in jail

The former head of the federal Superfund environmental cleanup program was found guilty on Monday of concocting a scheme to…


Deadline for FDA certificate registration approaches

The FDA Certificate course is an excellent way to help key staff build their knowledge and understanding of the industry…


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