BCR Latest News

SMEs fail to notice taxation changes

Just 7 per cent of SMEs claim to have benefited from this year's Budget, according to a survey of 500…


Bank eases export finance rates by 25bps

Syndicate Bank, the Indian finance group, has announced a series of ‘softer’ loan terms to exporters with good track records.…


Tax breaks for corporates approved

The Thai government announced this week three tax amendments aimed at improving competitiveness within mid- to large-sized companies. The first…


World’s largest factor names new boss

CIT Group, the global leader in working capital finance with $50bn in assets under management, has appointed Rick Wolfert as…


Base rate cut by 50bps

The Monetary Council of the National Bank of Hungary Rt (MNB) has cut the central bank base rate by 50…


Risky Business – Protecting your company from fraud

Law firm Hammonds is to present a ‘Fraud in the workplace’ seminar on September 7 in London. The focus of…


Credit ‘blacklist’ to be scrapped

The Korean government is planning to end the blacklisting of credit delinquents by the end of the year, the Ministry…


Bank to offer SMEs wider credit options

BRD - Groupe Societe Generale, the Romanian-French banking group, said it would grant small and medium-sized enterprises (SMEs) leu and…


SMEs upbeat on output, exports

The Finnish Confederation of Industry and Employers, TT, said its index measuring the business cycle outlook for small- and medium-sized…


Factor sees fall in income for Q2 2004

Siam General Factoring Plc (SGF), the Thai factor, has reported a net profit of Bht 86.33m for second quarter 2004.…


Factors lose out on Parmalat creditor list

Factoring companies that supplied working capital finance to subsidiaries of Parmalat will receive nothing in compensation, according to Enrico Bondi,…


Dutch grant for Mozambique SMEs through PSOM

According to the national news agency, AIM, Holland has pledged a grant of Ђ2 million to finance projects involving small-…


Government to formulate programme and financing for SMEs

The International Trade and Industry Ministry (Miti) has identified new services areas to be promoted through its agencies. These areas…


SME profitability hit by rising costs – CBI

The Bank of England's attempts to cool the economy is hampering the recovery of smaller manufacturers, according to a survey…


Over SKK1.7bn distributed to support SMEs

The Labor, Social Affairs and Family Center (UPSVR) distributed altogether SKK1.738 bn last year as a non refundable subsidy for…


Small businesses get major banking boost from EU Guarantee Fund

State bank Bank Gospodarstwa Krajowego (BGK) is launching the EU Guarantee Fund (FPU) which will eventually have a capital of…


Key interest rate lowered

The Bank of Korea unexpectedly cut the key interest rate by a quarter of a percentage point. It is the…


Company doubles its funding capability in deal with EUROFACTOR

The Giffen Group, a highly successful and versatile electrical contracting company operating largely in the railway industry, has more than…


FCI announces Factor of the Year 2004

Factors Chain International (FCI) announced the winners of its three coveted annual awards during the 36th FCI Annual General Meeting…


Newcomers to move into factoring market

There are 16 factoring companies in the Mexican factoring market, the largest of them being Factor Banorte, Heller Financial and…


NBU forecasts FDI to exceed $2bn in 2004

According to the Finance Ministry's calculations, payments to reimburse foreign state debt of Ukraine will be covered from new borrowings…


PhilEXIM lending soars

Philippine Export-Import Credit Agency's (PhilEXIM) total loan releases grew more than three times during the first half at P159.08 million,…


Trade regulations

The export-import policy (EXIM policy) governs the import of goods into and export of goods out of India. The EXIM…


Tour operator in administration cites credit factoring

Shares in the Italian tour operator Compagnia Italiana Turismo (CIT) plunged 10.36 per cent yesterday in Milan on the news…


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