Accord Financial Declares Quarterly Dividend

Accord Financial Corp. announced yesterday that the Board of Directors of the Corporation declared a quarterly dividend of $0.035 per share, payable 1 March 2002 to shareholders of record at the close of business 15 February 2002.

OFEK Forms New Factoring Company

OFEK Capital Corp has announced the formation of a new American factoring company to be known as AFC, and will be headed up by Mr Tibor Lowy as president.