Banca Comerciala Romana achieve 180% increase in factoring volume for first six months 2003


Banca Comerciala Romana (BCR), the country’s largest state-owned bank and leader in the Romanian factoring market, recorded in the first six months of 2003 a stunning success in factoring business. The bank recorded a 180% increase to US$36 million, in factoring volumes compared with the same period in 2002. This figure is 70% of the total factoring volume for the whole of 2002 and a fifth of the total 2002 Romanian factoring volume.

The bank joined Factors Chain International (FCI) in 1999 and offers export factoring and domestic factoring.



All news and features older than 7 days are subscription only. This article is from the archive. Archived articles could only be accessed with the subscription. If you are a subscriber please log in, alternatively you need to purchase a subscription to view the full content for this page.
Posted on Jul 8, 2003
Region: Romania