It has been reported that Bank of Ireland could be merging with Anglo Irish Bank Corporation plc. The rumour has been reported on the business news service, Zephus.com.
Both companies have an interest in Ireland’s factoring and invoice discounting market. Bank of Ireland Commercial Finance is the factoring and invoice discounting subsidiary of Bank of Ireland and Anglo Irish Bank Corporation, which became a member of the FDA in 2001, set up an invoice discounting division (to offer the service direct to clients rather than through a specialist subsidiary) in May 1999.
Figures relating to the relative size of the major players in the Irish factoring and invoice discounting market by turnover are not readily available.
BCR
