BCR Latest News

Demica research reveals demand for lower cost, asset-backed finance

Despite positive economic progress across Europe, new research published today by Demica highlights the polarity between the levels of financial…


Report on short-term credit options

Most bank credits in Saudi Arabia are short-term in nature; they are usually self-extinguishing overdraft facilities or loan terms of…


Top 10 factors assets total Ps 10,446

Following the 1994-95 peso crisis, factoring firms (empresas de factoraje financiero) struggled to restructure their own debt and faced portfolios…


Fortis Lease increases market share through real estate leasing acquisistion

Fortis Lease has signed an agreement under which Fortis Lease will acquire 100% of DIL France S.A., in Paris, from…


Factoring bank issues convertible bond

Italian factoring bank Banca IFIS is to launch a convertible bond issue of up to Ђ50m. The issue price of…


Carma Financial Services Corporation acquires debt recovery firm

Carma Financial Services Corporation (CFS), a provider of business-to-business accounts receivable management services, has announced that it has entered into…


Citibank looks to SME sector

Citibank Handlowy is looking to tap into the lucrative small- and medium-sized enterprise (SME) market with a new product targeted…


Bibby Financial Services presents the benefits of an enlarged EU…

The small business sector is being urging to wake up, smell the coffee and get ready to take advantage of…


Asia – ABN Amro signs new asset securitisation team members

Dutch bank ABN Amro has made three appointments to its Asian asset securitisation team it says are aimed at boosting…


Commercial late payment interest rate for July – December 2004

The interest rate for companies wishing to apply the late payment legislation will be 12.5% for the period 1 July…


Africa – EU funds ‘SME Credit Scoring Tool Project’

The Kenya and Tanzania Institute of Bankers and the Africa Project Development Facility (APDF) have teamed up to carry out…


Bibby signs up for anti fraud software

Liverpool-based factoring and invoice discounting company Bibby Financial Services has signed a deal with Chester's GB Group to use its…


ECGD announce new credit insurance scheme for software exports

The Export Credit Guarantee Corporation of India (ECGC) is finalising a special credit insurance package for software exports from India,…


Moody's report – China banking reform deepens

China's banking sector, aided by the nation's entry to the World Trade Organisation (WTO), is poised to press on with…


Company profitability falls to record low but signs of recovery…

UK corporate profitability has fallen for 18 consecutive quarters and is now barely one-third the level achieved in early 1999……


BFIA forecasts FDI to grow in 2004

The Bulgarian Foreign Investment Agency (BFIA) has forecast that foreign direct investments (FDI) volume will rise from US$1,600m to more…


EIB lends EUR 30 million to finance SME projects

The European Investment Bank will lend Ђ30 million to Vereinsbank Riga to finance SME infrastructure projects. According to Thomas Schuetze,…


Alliance Bank expects rise in volume of SME loans

Alliance Bank Malaysia Bhd expects an 8% rise in loans to small- and medium-sized enterprises (SMEs) this year from the…


Russian central bank decision on refinance rate

The Russian Central Bank is reducing its refinance rate from 14 per cent to 13 per cent from 15 June.…


Joint loan of EUR 45m for SMEs agreed

The European Investment Bank (EIB) and Serbia-Montenegro signed an agreement at the National Bank of Serbia (NBS) for a Ђ45…


DBP pioneering factoring programme get SBL exemption

Bangko Sentral ng Pilipinas (BSP) governor Rafael Buenaventura announced that the policy-making Monetary Board has approved a request from state-owned…


Polish banks eye SME market

The attention of Poland's banking sector has started to shift to small- and medium-sized firms (SMEs). Consisting of 1.8million active…


Atradius warns of looming construction sector risks

Cut-price tenders to win construction contracts could end up with companies incurring huge losses, according to latest risk analysis by…


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