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.