Dutch giant adds factoring to its services
In a bid to add debt purchasing and surveillance to its local service portfolio, Dutch debt collecting giant Intrum Justitia B.V. last week launched its second Hungarian subsidiary, Intrum Justitia Rt.
In a bid to add debt purchasing and surveillance to its local service portfolio, Dutch debt collecting giant Intrum Justitia B.V. last week launched its second Hungarian subsidiary, Intrum Justitia Rt.
Poland’s listed BRE Bank wants to purchase 50 percent of Hungary’s Magyar Factor Rt., worth HUF550m, or ZL9m.
The proposed merger reported last month between Kereskedelmi es Hitelbank (a subsidiary of Belgium’s KBC Bank) and Magyar Bank (owned by the Dutch group ABN Amro) was confirmed yesterday.
Rumours are currently circulating that Budapest Bank are planning to withdraw from the Hungarian factoring market. This would leave only two major industry players in Hungary: Magyar Factors and the Hungarian Foreign Trade Bank.
Key figures from Magyar Annual Report(HUF million) 1999
Adossag Borze Kft on Wednesday announced that it will launch an internet debt exchange platform for factoring companies from June.