BCR Latest News

Factor seeks partnership with bank giant

Turkey Economy Bank (TEB) Financial Investments Inc., the private banking, factoring, leasing and investment group, announced yesterday that it is…


ECGC mulls trade credit insurance launch for home

After insuring the receivables of India’s exporters in the global market, the state-run Export Credit Guarantee Corporation (ECGC) is planning…


French SMEs look towards China

Following the visit to China earlier this month of the French minister for trade, Francois Loos, the French government is…


Euler extends Greek credit insurance business

Euler Hermes, the French credit insurance company, has announced that it has raised its stake in its Greek joint-venture, Phoenix…


CNB stuns markets with interest rate rise

The Czech National Bank (CNB) bank board took the markets by surprise, raising interest rates by 0.25 percentage points. The…


China surpasses US as world’s biggest recipient of investment

China overtook the United States as a recipient of foreign direct investment (FDI) in 2003 as companies broadened their strategies…


A third of companies unable to pay interest on debts

Despite aggressive corporate restructuring efforts since the financial crisis, nearly three in 10 domestic firms were still unable to pay…


Corporate contemplates an expansion into factoring

Hairmax International, a beauty products group, is seeking to partner or invest with a company that provides financial services to…


Bank sees domestic factoring potential following stake increase in GTF

Exim Bank of India will raise its stake in Global Trade Finance (GTF) from 35 per cent to 40 per…


SMEs starved of working capital for IT expansion, says trade…

Small- and medium-sized enterprises (SMEs) wanting to finance their information and communications technology (ICT) implementation are currently faced with a…


BCR talks to the factoring industry about tackling competition in…

On BCR’s behalf, Emma Shotton speaks to senior factoring company executives to find out how they will continue to grow…


Lloyds TSB Commercial Finance delivers bumper profits in 2003; Ettershank…

Lloyds TSB Commercial Finance (Lloyds TSB CF) unveiled record results for the business with combined profit before tax of Ј52.534m,…


Dishman closes receivables-backed securitisation programme

Dishman Pharmaceuticals and Chemicals on June 22, 2004, announced closure of its estimated $22 million debt issue programme. This issue…


Regulator to gradually ease listing requirements for SMEs

China will gradually relax listing requirements for small and medium-sized enterprises on the new Shenzhen second board to provide more…


Credit ratings becoming central for business growth

Credit evaluation is becoming an integral part of business in Malaysia as companies begin backing their business decisions with credit…


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…


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