BCR Latest News

Smaller companies confidence downbeat

Small- and medium-sized enterprises (SMEs) predicted poorer business conditions in August, according to a survey on the business outlook of…


Central Bank revokes bank’s licenses

The Central Bank has revoked the licenses of Promeximbank, the Commercial Savings Bank (KBC bank), and Moszhilstroibank, CB officials confirmed.…


Enterprise bid goes unconditional

Enterprise London declared its 107p a share hostile offer for Dynamic Commercial Finance unconditional after winning acceptances and buying more…


Basel II and Technology – Minimising Operational Risk

“One of the biggest challenges facing most European financial institutions is to ensure the implementation of fully Basel II compliant…


Legislation fails to curb late payment problems

The amount of time companies take to settle bills has risen to its highest level since 1998, when legislation was…


Sanpaolo IMI expands business loan scheme

Italian banking group Sanpaolo IMI is expanding its services to businesses with the recent introduction of a Ђ250m programme to…


Pakistan and Grenada on road to economic recovery – Euler…

Euler Hermes UK, part of the largest credit insurance group in the world, has revised its position on both Pakistan…


Venture capital in India – issues in regulation

“The venture capital industry in India has been undergoing a downward trend for the past two years. In the current…


ACMAR changes its name and launches new insurance policy

The world leader in credit insurance, Euler Hermes, is now the main shareholder of ACMAR, the leading credit insurance company…


Credit guarantee system to help Guangdong SMEs grow

Guangdong Province is accelerating the construction of a credit guarantee system to help privately-run small-and medium-sized enterprises (SMEs) expand their…


Credit insurers discuss future of factoring business

Discussions are taking place as a consequence of the take over of Credit Lyonnais by Credit Agricole, which has led…


Bank in invoice discounting arrangement with collapsed advertising agency obtains…

Receiver Tom Kavanagh is expected to apply to the High Court this week for permission to seek orders against the…


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)…


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