BCR Latest News

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…


More support for asset capitalisation programme

The SME Development Bank and the Bank for Agriculture and Agricultural Co-operatives yesterday agreed to offer financial support under the…


Dynamic Commercial again advises shareholders not to accept Enterprise offer

Dynamic Commercial Finance PLC said it continues to unanimously recommend shareholders reject the offer by Enterprise London Ltd and not…


Export credit agency report shows Ј2.9 splurge in 2003

The Export Credits Guarantee Department (ECGD) has published its annual review and resource accounts 2003-04, showing that it provided UK…


Factoring software disposal ‘stopped the rot’ – Highams chief

The chairman of Highams Systems Services, the UK software group, said the sale of its factoring software subsidiary Highams Business…


Coface UK warns steel industry of looming credit risk

A warning of trade traps erupting from the surge in steel prices has come from Coface UK, a subsidiary of…


Factoring volumes rocket 186pc in H1

The factoring operations of Chilean banks have seen “explosive” growth in the first half of 2004. The factoring volumes for…


Factoring drives US bank’s income rise

Sterling Bancorp, the US finance house and parent company of Sterling National Bank, has reported a 14.7 per cent increase…


Latest report on the Spanish factoring industry

“Factoring activity in Spain continues to outpace the performance of the general economy, with factoring turnover in 2003 rising 18.12…


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