View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Analysis
January 15, 2010updated 12 Apr 2017 4:28pm

IBM GF expands China operations (Free)

IBMs finance arm has signed a deal with the Chinese government to provide credit to companies working in the Tianjin economic development zone in China Late in 2009, the government of Tianjin gave IBM Global Financing an exclusive license to provide factoring products in the Tianjin Binhai New Area. One of the keys to economic recovery is the successful partnering of private and public sectors," said Mario Bernardis, general manager for worldwide commercial financing at IBM Global Financing

By Fred Crawley

IBM’s finance arm has signed a deal with the Chinese government to provide credit to companies working in the Tianjin economic development zone in China.

Late in 2009, the government of Tianjin gave IBM Global Financing an exclusive license to provide factoring products in the Tianjin Binhai New Area.

“One of the keys to economic recovery is the successful partnering of private and public sectors,” said Mario Bernardis, general manager for worldwide commercial financing at IBM Global Financing.

“This new partnership with IBM Global Financing and the Tianjin Government will bring great benefits to businesses looking to speed up the conversion of their invoices to cash. We are grateful to the Tianjin Administrative Bureau of Industry and Commerce for granting IBM this factoring license – a first of its kind in China.” 

Fred Crawley

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Thursday. The leasing industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Leasing Life