Romania: Romania’s largest lender BCR sees massive rise in factoring (...)

February 27, 2013

Romania’s largest lender BCR sees massive rise in factoring business in 2012
Feb 27, 2013

Romania’s largest lender BCR sees massive rise in factoring business in 2012.
Romania’s largest lender Banca Comercială Română (BCR) saw a big hike in its factoring business last year. BCR’s factoring transactions totaled almost EUR 530 million, representing an increase of 45 percent on 2011. Factoring is essentially cashing-in on invoices by selling them to a third party for (...)
[Read the article in Romania Business Insider]

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