BCR Latest News

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…


Late payments: the cheque is in the post

“If Europe is becoming as harmonised as it appears, we must ask ourselves why we still see a huge difference…


Companies Annual Report 2003 – 2004 published today

The Companies Annual Report (ISBN 0-11-515510-4 ) published by The Stationery Office contains facts and statistics on: Company Law Developments…


Atradius branch to offer credit insurance services

The world's second-largest credit insurer, Atradius Credit Insurance of the Netherlands, will soon begin selling insurance in Poland through a…


1,000 SMEs’ expansion to be supported by new loan agreement

Special bank credits totalling 10 billion yuan (US$1.2 bn) will be granted to small- and medium-sized enterprises (SMEs) in East…


SMEs owing mainly to banks

Small- and medium-sized enterprises (SMEs) have been found, on average, to owe debts to fewer than four financial institutions, the…


HSBC offers high-speed SME loan decisions

HSBC claims it can now decide loan facilities below Lm 25,000 within 60 minutes. The offer is part of the…


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