BCR Latest News

Latest country risk trends from Coface

Continued robust growth in the US and Asia, including Japan, marked the second quarter, fostering dynamic world trade that also…


Group buys 60% stake in factor

On 19 July the Central Retail Corp and Central Department Store respectively sold their 50 per cent and ten per…


Receivables insurance guarding SMEs against serial bankruptcies

The long economic slowdown has increased sales of receivables insurance for small- and medium-sized businesses (SMEs). The Korea Credit Guarantee…


Banks co-operate in EUR15 million loan fund for SMEs

The German banking group of the state development bank Kreditanstalt fur Wiederaufbau (KfW), KfW Bankengruppe, has joined forces with public-sector…


Bank plans to introduce asset-based finance

During Stanbic Bank’s trade and finance seminar at Grand Imperial Hotel on Thursday, executive director, wholesale Anne Aliker said the…


Growing awareness leads to soaring demand for export insurance

Exporters' demand for sales credit insurance to Russia, China, Mexico and Romania soared in the first half of 2004. Israeli…


Euler Hermes acquires majority stake in Moroccan insurer

Euler Hermes, the French credit insurance firm, has become the majority shareholder of Acmar, Morocco's largest operator in the sector,…


Lloyds TSB Commercial Finance reports record performance in 2003

Lloyds TSB Commercial Finance (LTSBCF) has announced profits before tax for the year to 31 December 2003 of Ј52.53 million.…


SME bank reports spectacular profit increase, plans to expand

The Nord/LB Polska bank, which serves small- and medium-sized companies (SMEs), made a profit of almost zl.5 million (Ђ1.125m) during…


Deputy Finance Minister highlights drawbacks of SMEs

Lack of initiative to gather helpful information has been identified as one of the main drawbacks of Malaysia's small- and…


BCI to open Hong Kong office

Chile's third-largest private-sector bank BCI plans to open an office in Hong Kong at the end of the year, according…


New electronic marketplace to trade accounts payable

San Miguel Corp. and Shoemart Inc. have approved the trading of their accounts payable to small- and medium-sized enterprises (SMEs)…


Government to scrap SMEs’ ‘non-competitive contract system’

Despite resistance from small businesses, the government has decided to repeal a controversial protective measure for small- and medium-sized enterprises…


Karl-Joachim Lubitz, spokesman of the Deutsche Factoring Bank, talks to…

BCR talks to Deutsche Factoring Bank spokesman, Karl Joachim Lubitz about the most significant issues in the German factoring market…


UN hails Eastern European 'dynamos'

A new United Nations (UN) report, published on Tuesday, shows that average growth in new EU members like Poland, the…


Versailles’ investors plan to sue

City investors who lost millions in the trading fraud at collapsed finance group Versailles plan to sue chairman and founder…


Consolidated factoring and leasing company to be restructured

CFX Financial Services (CFXFS), the new owners of the Leasing Company of Zimbabwe (LCZ), an erstwhile Century Holdings Limited subsidiary,…


Growth of SME segment expected

Small- and medium-sized enterprises (SME) in Hungary are on course for serious competition in the free market. One of the…


ECGD reports Ј2.9bn support for UK exports in 2003/04

The Export Credits Guarantee Department (ECGD) has published its Annual Review and Resource Accounts 2003-04, showing that, despite another challenging…


CIT reports 38.7% increase in first half net income

CIT Group Inc. reported net income of $176.6 million for the second quarter, an increase from $136.9 million. Diluted earnings…


SME Bank recovers Rs2.5bn loans

SME Bank recovered Rs2.5 billion out of Rs15 billion during the last 18 months from those who had taken loans…


Government to enhance credit risk monitoring of SMEs

The government plans to enhance credit risk monitoring of companies with outstanding loans of 5 billion won (US$4.27 million) or…


Foreign banks in Shanghai more competitive – CBRC

Foreign capital banks in Shanghai are becoming increasingly competitive as shown by faster increases in deposits and loans than their…


Man pleads guilty in Espirito Santo factoring fraud

The former president of a computing company pleaded guilty yesterday to his role in a US$170 million scheme to defraud…


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