BCR Latest News

Bank of Maharashtra eyes factoring business

The Bank of Maharashtra is set to enter the factoring and forfeiting segment, which is a new concept in India,…


Atradius in the black for 2003

Credit insurance and management group Atradius has reported a Ђ17.5m (US$21m) profit after tax for 2003, a clear turnaround after…


Business outlook improving – Ecostat

Large companies were a little more cautious about their economic outlook in June, but SMEs remained optimistic, according to a…


Measures to cool economy further restrict SME funding sources –…

The Chinese government's measures to cool the economy have further restricted the already limited financing channels for small- and medium-sized…


CBI questions government commitment to export credit support

CBI director-general, Digby Jones, has questioned the government's sustained commitment to globally competitive export credit support following Trade and Industry…


Rough justice for Dynamic’s shareholders

Shareholders in Dynamic Commercial Finance can be justly peeved by a ruling from the Takeover Panel that has effectively restricted…


St George Bank appoints head of Scottish Pacific Business Finance

St George Bank Ltd has appointed a new head of its Scottish Pacific Business Finance and Business Customers units. The…


RPP interest rate decision announced

The Monetary Policy Council (RPP) has increased interest rates by 50 basis points, which means that the prime indication rate…


BoE defends hawkish stance on interest rates

The deputy governor of the Bank of England yesterday sought to justify the Monetary Policy Committee's approach to raising interest…


Abbey sells Ј12m invoice discounting portfolio

Five Arrows Commercial Finance, the UK invoice finance firm, has bought the invoice discounting portfolio of Abbey Business, adding 50…


GE Commercial Finance completes leasing takeover

GE Commercial Finance (GECF) has completed the acquisition of office equipment finance group IKON Office Solutions, with the purchase of…


Fed raises rates for first time in four years; ECB…

The Federal Reserve raised interest rates by a quarter point to 1.25 per cent this week, the first increase in…


Coface to cover Ђ100m French-Russian credit line

Coface, the credit insurer, has said it will insure a Ђ100m credit line for the financing of French exports to…


Russian bank to start factoring service in China

Russian banking group, Promsvyazbank, will open an office in China at the beginning of this month, the bank's Vice President…


Karaoke machine maker to consider factoring

The Singing Machine Company, a maker of consumer-oriented karaoke machines in the US, has said it will look to selling…


Country’s third largest factor receives ratings boost

Grupo Security, the financial services conglomerate and owner of Factoring Security, the third largest factor by market share in Chile,…


Credit insurer and factor back to profitability

Atradius, the credit insurance and credit management firm, with an estimated 25 per cent world market share, has reported a…


Germany and France lead Europe…with insolvencies

Euro 2004 hosts, Portugal, have witnessed the highest increase in business insolvencies compared to the rest of Europe – according…


Value-added of SMEs grows 11.8 %

More productive labour in 2003 helped push growth of value-added of small- and medium-sized enterprises (SMEs) to surpass that of…


Bancomext loans up 10%; most to SMEs

Mexico's national foreign trade bank Bancomext issued US$2.1bn in loans to support export activities in the first five months of…


Hungary third in regional FDI inflows, first in outflows

The level of foreign direct investment (FDI) continued to fall in the OECD area in 2003, the Paris-based organization said.…


Increase of FDI expected

A better global economic environment and potentially higher investments from small- and medium-sized enterprises (SMEs) could lead to an increase…


Late payments cost business Ј20b a year

A survey carried out by credit management company Intrum Justicia has revealed the cost to British business of late payments…


Bankruptcies up despite cost of finance at 20yr low, credit…

The lowest interest rates in more than 20 years have not significantly curbed company liquidations in South Africa, which for…


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