BCR Latest News

Exim Bank supports exports worth Skk 54.6 bn in 2003

The Export and Import Bank of the Slovak Republic (Exim Bank) reported a net profit of Skk95.7m in 2003. It…


Executive indicted after four-year factoring fraud investigation

A million-dollar executive has been indicted with five others by federal grand jurors in connection with businesses that collapsed amid…


Lloyds TSB divisions fund distribution MBO with asset-based finance

A Leeds-based firm, which distributes some of the UK's best-known consumer magazines, has been bought by its management. Macfarlane Transport…


Atradius enters into reinsurance treaty

Atradius, the world's second largest credit insurer, has entered into a reinsurance treaty with New India Assurance. Under the terms…


Ultimate Finance Group oversubscribed equity issue to fund expansion

The Board of Ultimate Finance Group PLC (UFG) is pleased to announce that its offer for subscription of up to…


Former FleetBoston leasing executive leaves Bank of America

Another top former FleetBoston Financial executive has left Bank of America Corp. to be replaced by a long-time BofA staffer,…


Export recovery boosts manufacturers orders to a six-year high –…

The UK manufacturing recovery gathered momentum in May as demand from home and abroad pushed total order books up to…


RBI proposes uniform SSI lending target

The Reserve Bank of India (RBI) is examining a proposal for a uniform target in priority-sector lending for all domestic…


EBRD publishes its strategy for Poland

The European Bank for Reconstruction and Development (EBRD) economic report gives Poland high marks, but warns there is still much…


Stuart Holloway, MD of RBS Commercial Services, announces record performance

The Royal Bank of Scotland Commercial Services (Holdings) Limited (RBS Commercial Services) announced a record performance for the year ending…


Euro Sales Finance bounces back with record pre-tax profits

Euro Sales Finance plc announced a return to profitability with record pre-tax profits of Ј6.0m for the year to 31…


Venture Finance speaks the language of finance

A seven-strong team of directors have paid an undisclosed sum for the UK and European operations of Manchester language-training firm,…


Intrum Justicia reports on poor payment habits in Europe

European companies continue to face problems with late payments, which in just six years have increased in length by an…


Versailles jury returns verdict

Carl Cushnie, once Britain's most successful black businessman, was yesterday convicted for his part in one of the country's biggest…


Late payment legislation favoured by SMEs over other credit control…

Despite DTI figures which show that UK insolvencies due to late or non-payment are increasing, the majority of small- and…


Export-Import Bank finances planes for Kenya Airways

The US Export-Import Bank said it would provide more than $100m in financing to Kenya Airways to purchase a passenger…


Coface unit forecasts 30 per cent increase in profits

The Chilean unit of French commercial insurer Coface expects profits to grow 30 per cent this year, company executive Louis…


Upturn in foreign direct investment

Foreign direct investment (FDI) in central and eastern Europe should top Ђ20bn in 2004 and 2005, according to Bank Austria…


Overdue SME loans soaring

The number of overdue loans to small- and medium-sized enterprises (SMEs) jumped by nearly 50 per cent in the first…


Acquisition of factor announced

The CIB group has bought the factoring firm Aginvest-Faktor Rt, Hungary’s second largest factor. CIB Group’s commercial finance units, CIB…


Fortis report strong operating performance in first quarter of 2004

Fortis have reported first quarter results 2004 with a best-ever quarterly net profit of Ђ1,275 million, an increase of Ђ1,728…


New government enjoys economic windfall

The new Congress-led government in India under Manmohan Singh got a boost with exports surging up by almost 20 per…


Bibby Factors Northwest appoints new manager and head of operations

Bibby Factors Northwest, a specialist provider of business cash flow solutions, has announced the appointment of Paul Mountain as regional…


SMEs confident in enlarged EU market

Small- and mid-sized enterprises (SMEs) in Central Europe are confident they can cope with the competitive pressures of the enlarged…


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