West LB Bank Plan Indian Operation

The German based bank West LB are planning the launch of a new export factoring service in India, where they believe there is a great deal of market potential. The business will be run from Bombay and at present the preparations are on schedule for a launch in January 2001. The new service has recently submitted an application for FCI membership. Further details on these developments are expected in November 2000.

BCR Publishing

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