BCR Latest News

Arbuthnot Factors sees profits rise in 2003

Arbuthnot Commercial Finance Limited have reported a 10.5% increase in pre-tax profits in the year to 31 December 2003, up…


Cash offer for Dynamic Commercial Factors

Aim-listed Dynamic Commercial Finance has rejected a cash offer from Enterprise London plc at 107p a share. Traders have speculated…


HSBC names new factoring boss for Asia Pacific

The Hongkong and Shanghai Banking Corporation (HSBC) Limited has appointed Alistair Currie as head of trade services Asia Pacific, effective…


Malaysia’s banks toughen up thanks to rise in SME lending

Malaysia's banking system is expected to continue to remain strong and resilient on the back of a stronger capital base,…


Commercial finance firm sees squeeze in factoring ops

Potential Finance Group PLC has reported a drop in pre-tax profits, according to the commercial finance group’s interim results for…


UK firms use interest threat to speed up late payers

Businesses are embracing the late payment legislation by warning customers in advance that interest will be charged if they fail…


Bank PKO BP maintains its privatisation plans, SME focus

The privatisation of the largest domestic bank in Poland, PKO BP, might be delayed, but despite this, the fight to…


Trade credit insurer receives ratings boost

Fitch Ratings announced that it has affirmed the "A" insurer financial strength rating on Exporters Insurance Company Ltd (EIC), a…


One-stop shop factor posts 31pc hike in net profit

Canara Bank, the Indian finance house which provides overdraft finance, factoring, and mortgages, has posted a 31.3 per cent increase…


Help for SMEs mooted by trade body

The Confederation of Indian Industry (CII) plans to set up four industrial clusters for small- and medium-sized enterprises (SMEs) with…


Franz Michel of Allgemeine Kredit Coface Finanze shares his views…

An interview with BCR’s overseas correspondent for central Europe Franz Michel, is general manager of Allgemeine Kredit Coface Finanze (AKCF),…


Credit insurer refunds $6.5m to overcharged customers

Assurant Group companies have agreed to return about $6.5 million for charging what Maryland's insurance commissioner calls excessive rates for…


Legal suits against US factor gather pace

Three pastors and a church employee have joined a growing list of inland investors looking to the courts to recoup…


HK wants more investment from mainland SMEs

The Hong Kong Trade Development Council (TDC) has proposed relaxing restrictions to encourage more mainland private enterprises to invest in…


SMEs are the cornerstone of Philippine economic agenda

The trade secretary of the Philippines, Cesar V. Purisima, yesterday said more people should start up small- and medium-sized enterprises,…


SME’s export worth declines

Taiwan’s small and medium-sized enterprises (SMEs) have experienced a continuous annual decline in both export value and export ratio in…


Invoice finance firm strengthens management team

Independent Growth Finance (IGF), the UK invoice finance company, is strengthening its client management team in the south of England,…


Mid-sized firms not optimistic on growth

Mid-market firms in Wales are the least optimistic in the UK when it comes to business growth over the next…


Public company bankruptcies are at lowest number in six years

Approximately 110 public companies will file for bankruptcy in 2004, substantially fewer than in any of the past six years,…


Small businesses more vulnerable to bad debt – Atradius

The risk of bad debt is an inevitable fact of business life; however, the impact of a major irrecoverable loss,…


EFIC – (quietly) advancing Australia's exports

Most Australians won't have heard of the Export Finance and Insurance Corporation (EFIC), but they own it. If, in the…


Government creates new export insurance

Ecuador's government has created a new credit insurance to protect domestic exporters and to provide increased information about buyer's credit…


SMEs need stronger business proposals to win bank loans

Members of institutions supporting small- and medium-sized enterprises (SMEs) development set the record straight to the apparent ongoing perception among…


Syndicate in US$35m export finance facility

Brazilian Banco Santos has obtained a US$35m secured revolving export finance facility from a syndication of international financial institutions, according…


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