BCR Latest News

Abbey National sells asset finance unit

Abbey National Plc has agreed to sell asset finance and leasing businesses to a unit of ING Groep NV, as…


Cases of suspected money laundering rise

The number of cases of suspected money laundering reported by financial service companies increased sharply this year, the Korea Financial…


Standard Chartered Bank focuses on SME sector

The Standard Chartered Bank (StanChart) plans to focus on the SME sector in the next couple of years after gaining…


Local bank receives EUR30 million EIB loan for SME finance

The European Investment Bank (EIB) has provided a Ђ30 million global loan to K&H Bank to finance small- and medium-sized…


Ernst & Young comments on the Enterprise Capital Funds

The UK government's Small Business Service (SBS) is not doing enough to help small businesses or the investors willing to…


Bank plans to expand network and open factoring operation

HVB Bank Hungary will expand its network to 100 branches at a cost of HUF10bn (Ђ39.5m), CEO Matthias Kunsch announced…


Arroyo seeks more lending for SMEs

The Arroyo administration wants to triple government and private sector lending to small- and medium-sized enterprises (SMEs) in order to…


Dynamic powers to first profit

Dynamic Commercial Finance plc, the factoring and invoice discounting company founded in 2000, has reported a pre-tax profit of Ј206,000…


Financial veterans launch new asset-based lending venture

A new asset-based lending firm has been founded by long-term Dallas lenders James E. Casper, Michael D. Haddad and Jim…


Finance expert to lead new Enterprise Finance Europe regional team

Enterprise Finance Europe (EFE), one of the UK's leading asset-based lenders, has appointed one of the region's best-known corporate finance…


Private sector close to finalising first SME loan-backed asset-backed securitisation

Inderjit Singh, chairman of the Action Crucible for Financing, said today Singapore is putting finishing touches to its first asset-backed…


Aid programmes revive export finance

Export credits are being revived through aid programmes recently established by Australia, EU members and Japan. Vietnam and the EU…


Factoring executive gets four-year sentence for fraud

An executive of National Century Financial Enterprises Inc. will spend four years in jail for her role in the alleged…


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…


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