Crédit Agricole’s factoring and lease
finance businesses showed “strong resilience” in the first quarter
of the year, the French company reported. Although the bank
reported a rise of 15 percent in net income in its lease finance
businesses, to €77 million, its factoring arm saw factored
receivables fall by just under 3 percent year-on-year.
Nevertheless, Eurofactor retained its top spot in France, with 23
percent market share, up one percentage point on December 2008.
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