BCR Latest News

Three-quarters of firms have no ratings, rely on bank finance

Three out of four firms listed on the Korea Stock Exchange (KSE) had no credit ratings from domestic credit rating…


Two-thirds of small firms shut within 5 years

Approximately two-thirds of small- and medium-sized enterprises (SMEs) go out of business within five years, the Korea Credit Guarantee Fund…


UK firms stay loyal to banks and their finance

More than six in ten UK businesses have stuck with the same bank over the last five years, according to…


Factoring fraud at Parmalat under investigation

The Bologna public prosecutor's office last week began an investigation into the possibility of factoring fraud at the failed Italian…


Overall leasing portfolio tops LTL 3bn

The aggregate portfolio of the members of the Lithuanian Leasing Association stood at LTL 3.028 billion in April. Since the…


FDI growth in Ukraine slows in Q1

Growth in foreign direct investment (FDI) in the Ukrainian economy in the first quarter 2004 amounted to $216.3 million, which…


Banks slowing down loans to small firms

Banks are slowing down loans to small- and medium-sized enterprises (SMEs) this year. According to eight commercial banks, including Kookmin…


Help promised to the bank-stricken SMEs

The Central Union of Chambers (KEE) has said that abusive bank practices have a serious socio-economic impact, mainly through their…


British and Austrian banks and insurers to open affiliates in…

Seven banks and insurance companies have expressed interest in opening an affiliate company in Latvia. The companies comprise three from…


Lack of trade financing technology hits Africa's competitiveness

Africa's finance, planning and economic development and trade ministers warned yesterday that lack of access to trade financing information and…


PwC says banks catching up to meet Basel II

Malaysia’s 10 anchor banks ”are catching up” despite being two to three years behind Singapore banks and nearly five years…


SIDBI focusing on direct finance for SSIs and SMEs

The creation of an exclusive fund for small- and medium-sized enterprises (SMEs) and the outsourcing opportunities available to small-scale industry…


Sale of investment stake signals possible merger of two factors

Peter Webb, the head of Unicorn Asset Management, has built up substantial stakes in a series of the UK's smaller…


New factor enters market

HVB Factoring Ltd., a daughter company of HVB Bank Slovakia, will launch its business activities in the Slovak Republic in…


New Regional Manager for EUROFACTOR Thames Valley

Reading-based EUROFACTOR has announced the appointment of its new regional manager to help serve its expanding client base in the…


VC funding prospects are picking up

Robert Venes, editor of Venturedome, looks at recent reports of a boom in confidence in the venture capital sector, which…


Directors and auditors may get protection against legal claims

The British government is close to proposing measures to give directors and auditors protection against potentially catastrophic legal claims. Patricia…


Factoring industry profits plunge on higher costs

Profits at Mexico's 16 factoring companies fell 21.5% to 157m pesos (US$13.5m) in 2003 due, in part, to higher administrative…


New Enterprise Finance Europe team signs deal in first week

Enterprise Finance Europe (EFE), one of the UK's leading asset-based lenders, has celebrated the opening of its new office in…


Intercontinental Hotel hosts FDA’s annual dinner

The Factors and Discounters Association’s annual dinner 2004 was held in the Grand Ballroom of London’s InterContinental Hotel, Hyde Park,…


New trade finance product to reduce working capital costs, claims…

The developers of a new trade finance product claim it could reduce the working capital costs of small-and mid-sized enterprises…


Chile’s factors reap bumper returns

The four factoring companies registered with the Chilean stock and exchange commission (SVS) yesterday posted a combined profit of Pesos…


Fuel distributors to get credit insurance functionality online

John Reynolds, a UK provider of credit insurance services to commercial fuel distributors, has teamed up with BigOil.net, a specialist…


Low-priced scheme for financing exports welcomed

Mirza Ikhtiar Baig, the chairman of banking, credit and finance at the Federation of Pakistan Chambers of Commerce & Industry…


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