BCR Latest News

Moody's report – China banking reform deepens

China's banking sector, aided by the nation's entry to the World Trade Organisation (WTO), is poised to press on with…


Company profitability falls to record low but signs of recovery…

UK corporate profitability has fallen for 18 consecutive quarters and is now barely one-third the level achieved in early 1999……


BFIA forecasts FDI to grow in 2004

The Bulgarian Foreign Investment Agency (BFIA) has forecast that foreign direct investments (FDI) volume will rise from US$1,600m to more…


EIB lends EUR 30 million to finance SME projects

The European Investment Bank will lend Ђ30 million to Vereinsbank Riga to finance SME infrastructure projects. According to Thomas Schuetze,…


Alliance Bank expects rise in volume of SME loans

Alliance Bank Malaysia Bhd expects an 8% rise in loans to small- and medium-sized enterprises (SMEs) this year from the…


Russian central bank decision on refinance rate

The Russian Central Bank is reducing its refinance rate from 14 per cent to 13 per cent from 15 June.…


Joint loan of EUR 45m for SMEs agreed

The European Investment Bank (EIB) and Serbia-Montenegro signed an agreement at the National Bank of Serbia (NBS) for a Ђ45…


DBP pioneering factoring programme get SBL exemption

Bangko Sentral ng Pilipinas (BSP) governor Rafael Buenaventura announced that the policy-making Monetary Board has approved a request from state-owned…


Polish banks eye SME market

The attention of Poland's banking sector has started to shift to small- and medium-sized firms (SMEs). Consisting of 1.8million active…


Atradius warns of looming construction sector risks

Cut-price tenders to win construction contracts could end up with companies incurring huge losses, according to latest risk analysis by…


Finance ministry decree on application of VAT to factoring agreements

By Andrew Miles of Pricewaterhouse Coopers, Frankfurt The ministry of finance has issued a decree to the effect that factoring…


Factors merger project starts

In the scope of the rationalisation programme of the factoring activities of the UniCredit group, UniCredit Factoring has purchased the…


Regency Factors report on their 2003 performance

Bury-based Regency Factors plc has reported pre-tax profits of Ј223,382 for the year ended 31 January 2004, an increase of…


RHB to boost lending to SMEs

RHB Bank Bhd, Malaysia’s third-largest bank, is planning to increase its small- and medium-sized enterprise (SME) loan portfolio to 40…


Hanza Lizings offers financing supplies

Financing supplies is a short term (up to 180 days) financing instrument for current assets, applied on supplies of goods…


Credit insurance market under performing

Chile's first quarter credit insurance sales reached 928.5m pesos (US$1.4m), an 18.2% increase over the 785.6m pesos posted in the…


Lloyds TSB Scotland asset-based lending team moves to expanded corporate…

Lloyds TSB Scotland is expanding its new corporate offices in Glasgow just six months after moving in, leasing an additional…


Bank of England rates decision

The Bank of England raised the main interest rate by a quarter-point to 4.5 per cent today, in a move…


EBRD to invest $300m

The European Bank for Reconstruction and Development (EBRD) views Kazakhstan as a successful country and will invest about $300 million…


FDI rises in Q1

Foreign direct investment (FDI) in the Czech Republic reached CZK31.5 bn in 1Q 2004, up by CZK4.2 bn compared to…


Small business sentiment indicator results for May

According to a survey of around 450 small- and medium-sized companies (SMEs) by BNP Paribas Lease Group (BPLG) and Agence…


Lawyers for convicted trade financier want sentence cut

Lawyers for Carl Cushnie, the convicted trade finance fraudster, will today seek to have his six-year prison sentence reduced to…


Fortis president Maurice Lippens honoured

King Albert II of Belgium has conferred upon Count Maurice Lippens the honour of Grand Officer of the Order of…


Credit insurer Euler Hermes' outlook revised

Standard & Poor's Ratings Service has revised Euler Hermes’ outlook on the core operating entities of the Euler Hermes Group…


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