BCR Latest News

FDI inflow rises

Foreign direct investments (FDI) in Bulgaria in the first quarter of 2004 totalled Ђ294.1 million, an increase of 13% compared…


Banks form equity funds to rescue SMEs

In an effort to rescue small- and medium-sized companies (SMEs) struggling with financial difficulties, banks are forming private equity funds…


EIU forecasts FDI to grow in 2004

The Czech Republic will receive foreign direct investment (FDI) worth $5 billion this year, according to the Economist Intelligence Unit…


Coface increases stake in political risk insurer

The shareholder structure of Unistrat Insurance has just changed. Coface, which already held a 50% interest, acquired SCOR's 50% share…


Credit Insurance – A Global or a Local Policy?

“For most companies in Europe, credit insurance is a well-known method to secure outstanding debts, whether for local sales or…


Bank denies inflating SME loan balances

The Nihon Keizai Shimbun reported earlier today, without citing sources, that the Financial Services Agency (FSA) is considering imposing some…


Cattles funded MBO turns division into family-run business

Cattles Invoice Finance has funded the management buy-out (MBO) of Wakefield-based Grosvenor Transformers from the Grosvenor Group. The deal will…


Slovak Guarantee and Development Bank to focus on SME guarantees…

The Slovak Guarantee and Development Bank (SZRB) will focus on the provision of an indirect form of guarantees with an…


Companies must make rapid structural changes to survive

Economists fear the world's sixth-largest economy, recently surpassed by China, appears hobbled by structural weaknesses that could make de-industrialisation more…


Why lend to small and medium enterprises?

Dr. Ishrat Husain, governor of the State Bank of Pakistan, shows why commercial banks should be lending to the small-…


Why lend to small and medium enterprises? – Ishrat Husain,…

Why should commercial banks lend to small- and medium-sized enterprises (SMEs)? They haven’t done this before. What has happened that…


Close Invoice Finance and Metropolitan Factors results announced

Close Invoice Finance Limited have released their financial results for the twelve months to 31 July 2003 showing a pre-tax…


Receivables finance industry volume up 15% in Q1 2004

The Factors and Discounters Association of the UK and Ireland (FDA) has published industry figures today showing a 15.03% increase…


Shenzhen Exchange Launches SME Board

A grand inauguration ceremony to launch Shenzhen Stock Exchange’s small- and medium-sized enterprise (SME) board was held yesterday. Zhejiang NHU,…


National Bank of Slovakia report on Q1 lending rates

The average interest rate on bank loans drawn in Slovakia decreased by 0.04 percentage points to 7.51 per cent from…


Versailles’ audit partners ignored audit manager’s warning – John Plender…

I commend the note on the website of the Accountants' Joint Disciplinary Scheme on the spectacular audit failure at Versailles…


JCCI trainees get priority for loans to set up SMEs

Entrepreneurs who completed a four-week course on establishing small- and medium- sized enterprises (SMEs) at the Jeddah Chamber of Commerce…


Joint debt plan for troubled small firms as delinquent debtors…

Domestic banks say they are individually evaluating the credit conditions of small- and medium-sized enterprises (SMEs) with outstanding loans from…


Exim Bank supports exports worth Skk 54.6 bn in 2003

The Export and Import Bank of the Slovak Republic (Exim Bank) reported a net profit of Skk95.7m in 2003. It…


Executive indicted after four-year factoring fraud investigation

A million-dollar executive has been indicted with five others by federal grand jurors in connection with businesses that collapsed amid…


Lloyds TSB divisions fund distribution MBO with asset-based finance

A Leeds-based firm, which distributes some of the UK's best-known consumer magazines, has been bought by its management. Macfarlane Transport…


Atradius enters into reinsurance treaty

Atradius, the world's second largest credit insurer, has entered into a reinsurance treaty with New India Assurance. Under the terms…


Ultimate Finance Group oversubscribed equity issue to fund expansion

The Board of Ultimate Finance Group PLC (UFG) is pleased to announce that its offer for subscription of up to…


Former FleetBoston leasing executive leaves Bank of America

Another top former FleetBoston Financial executive has left Bank of America Corp. to be replaced by a long-time BofA staffer,…


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