BCR Latest News

Banking reformer opens new commercial bank aimed at the Japanese…

Nippon Shinko - the first non-internet bank to be awarded a banking licence in Japan since 1954 - opened its…


Financial services extended to Taiwanese investors in China

Cathay United Bank, the flagship firm of the Cathay Financial Holding Co, recently signed a cooperative agreement with mainland China's…


Better Payment Practice Group updates free credit management guide for…

The Better Payment Practice Group (BPPG) has launched a new version of its popular credit management guide and wallchart. The…


Expansion may increase late payment problems – Lloyds TSB Commercial…

Late invoice payment from overseas businesses is causing problems for companies, according to Lloyds TSB Commercial Finance in Birmingham. With…


IBG NIKoil factoring turnover topped $380m in 2003

Nikoil Financial Corporation president Nikolai Tsvetkov said IBG Nikoil turnover on factoring operations topped $380 million last year. He added…


Bank of England raises rates – business groups urge caution

The Bank of England raised its main interest rate today to 4.25 per cent, in line with market expectations. Independent…


EUROFACTOR increases pre-tax profitability

EUROFACTOR UK has posted pre-tax profits of Ј1.3 million for 2003 in spite of some of the toughest trading conditions…


Factoring to emerge as key ingredient of financial supply chain

The global shift in traditional trade finance methods to a global financial supply chain (FSC) based on open source account…


ECGD supports Kazakhstan soya bean processing plant deal

A small Yorkshire-based company has won a multi-million dollar contract to supply and commission a soya bean processing plant in…


Fed statement on interest rates

The US Federal Reserve yesterday signalled a shift in its stance on monetary policy, leaving interest rates unchanged while saying…


New Export Insurance Corporation Boss

The government has announced the appointment of Kim Song-woong as head of the Korea Export Insurance Corporation (KEIC). Kim, incumbent…


Euler Hermes Q1 sales fall slightly

Assurances Generales de France credit assurance unit Euler Hermes said sales in the first quarter fell to Ђ466.7m from Ђ469.5m…


Benchmark interest rate decision

Australia's central bank left its benchmark interest rate unchanged at 5.25 percent. The Reserve Bank of Australia twice lifted its…


NIKoil at forefront of banking consolidation

Consolidation among Russia's biggest banking institutions is starting to take place as bankers realise that organic expansion will not provide…


Fortis opens Fortis Lease Italia in Milan

In June 2003, Fortis Lease Group announced its intention to have a branch of its own in every country in…


A Europe of 25: successful integration lies in the hands…

On 1 May, the European Union ushered in 10 new countries, increasing the number of member states to 25. The…


SMEs need more support

President Sam Nujoma has urged financial institutions to stop hiding behind outdated policies and facilitate small and medium enterprises' access…


Polish small business owners assess future in EU

Now that Poland is part of the European Union, small businesses are worried they could be crowded out by large…


Central Bank increases key interest rates

Cyprus Central Bank Governor announced that the Monetary Policy Committee (MPC) decided to increase the key interest rates by one…


FDI in Bulgaria down by 60 per cent

Foreign direct investments (FDI) in Bulgaria have gone down by nearly 60.5 per cent over the first two months of…


FBI arrests women on factoring fraud charges

Federal prosecutors say that a woman was arrested on Friday on a 15-count indictment alleging she sold fake invoices to…


Banorte Q1 profits climb but factoring profits slump

Profits at Mexico's fourth-largest banking group Grupo Financiero Banorte (GF Banorte) widened year-on-year 5.7% to 559m pesos (US$49m) in the…


Corfo earmarked US$80m for SMEs in 2003, outlines plans for…

Chile's state business development agency Corfo has reported that it issued more than 50bn pesos (US$80m) in loans last year…


Credit insurance and factoring in Germany – a report

After a wave of consolidation, only three major sources provide private export credit insurance cover in Germany… To read a…


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