BCR Latest News

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…


Sampo Bank to offer free consultation on EU structural funds

Sampo Bank in Lithuania will provide free consultation to private and public companies seeking assistance from EU structural funds. The…


GMAC Commercial Finance provides US$10m revolving credit facility to education…

GMAC Commercial Finance’s (GMAC CF’s) Retail Finance Group announced the closing of a US$10 million fully-secured revolving credit facility to…


Banco Espirito Santo sues over US$170 million factoring fraud

Banco Espirito Santo International Ltd (BES) sued accounting firm BDO Seidman on Tuesday, alleging it "rubber-stamped ... obviously false financial…


A code of practice for ratings agencies

Last month, the Association of Corporate Treasurers (ACT) and its US and French equivalents published an exposure draft putting forward…


EquiFin reports first quarter 2004 results

EquiFin, Inc. has reported revenues for the first quarter ended March 31, 2004 increased by 57.6% to US$643,000, compared to…


Reserve Bank of India interest rate decision

With political uncertainty still hovering over the country, the Reserve Bank of India (RBI) yesterday left the bank rate and…


Royal Bank of Scotland urges balance between new enterprise and…

The Royal Bank of Scotland (RBS) Group in conjunction with Company Reporting Limited have published a major new economic study…


Non-payment protection for Ecuador’s exporters

Equador's government is to introduce a new export loan insurance programme backed by French-based trade insurer Coface. State export promotion…


Stand-alone factoring a thing of the past – GECF Asia…

It’s a fact. The factoring industry here in Singapore is seeing fewer and larger players as the market for financing…


SBP designs new loan scheme for SMEs

The State Bank of Pakistan (SBP) has designed a new long-term loaning scheme for small-and medium-sized enterprises to facilitate the…


Commercial finance giant re-jigs asset finance ops in Europe

GMAC Commercial Finance (GMAC CF) has restructured its senior management team in Europe. Phil Lammas has been promoted to UK…


Coface snaps up Australian credit insurance business

Coface, the credit management and insurance group, has bought the credit insurance business of Australian underwriting agency, Dexta. Dexta Corporation…


Call for equity funding for SMEs intensifies

Small-and medium-sized enterprises (SMEs) with less than RM25m in annual turnover could soon have the option of raising money from…


UK factor expands London operations

Independent Growth Finance (IGF), the UK invoice discounter, is strengthening its sales team in London and the Southeast with the…


Basel II accord set to change Malaysia's banking landscape

“From the end of 2006, in Malaysia's case from 2008, bankers' elitist image will be pushed further into history, joining…


Asian Development Bank to lend US$40m to SMEs

The Asian Development Bank (ADB) is willing to granting US$40 million worth of loans to help develop the country's small-…


Small business optimism rising – 12% say cash flow a…

Many of the nation’s small-business owners apparently aren’t letting interest rate concerns and geopolitical uncertainty get them down. Their optimism…


India, China discuss credit facilities to boost bilateral trade

For the first time, the Export-Import (Exim) banks of India and China are discussing the exchange of reciprocal lines of…


CBI survey shows first increase in orders for smaller manufacturers…

Smaller manufacturers have seen orders rise for the first time in over three years, with confidence climbing at the fastest…


SME Act sets turnover limits below EC guidelines

Bulgaria has defined small enterprises as companies with annual turnover of up to BGN 5m (Ђ2.5m). Companies with annual turnover…


Polish leasing firm EFL reports record increase in leased assets

Poland's leading leasing company Europejski Fundusz Leasingowy (EFL), the local unit of French banking giant Credit Agricole, had a stellar…


Small- and medium-sized businesses shunning overdrafts for invoice finance.

Leading business finance providers, Bibby Financial Services today reports record rises in the number of small and medium sized businesses…


Lebanon targets money laundering

Central bank governor Riad Salameh announced Lebanon has become a role model for other countries in the region, following the…


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