Six new companies have been created in the past year in the BCRgroup, which has at its centre the biggest bank in terms of assets,with the highest investments being directed to a debt collectioncompany, a cash processing company, and a real estate assetsmanagement company.
Suport Colect, set up in June 2009, took over BCR balance sheetliabilities both from the portfolio of retail loans, and fromcorporate loans, with the bank providing the company with an over 2million-euro share capital to help sustain its development.
BCR Procesare, a company mainly dedicated to processing the banknetwork's cash (transportation and storage), was scheduled to startoperations in the first quarter of this year.
Another new firm in the group is BCR Real Estate Management,specialising in managing the bank's real estate contracts.
In order to better cater to demand for leasing services, BCR setup an operational leasing company (for cars and light vehicles) -BCR Fleet Management - held by BCR Leasing, the group's financialleasing company.
In the autumn of 2008, BCR had also registered a companyspecialising in consumer loans, BCR Partener, but the onset of thecrisis postponed the start of operations, with the company yet tobecome operational.
The bank set up BCR Finance in the Netherlands to conduct itsexternal and internal financing programme. The vehicle is dedicatedto raising cash, mainly from the Luxembourg stock exchange, with a2 million-euro share capital.
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