Card Briefs: Associates to Add Offices In Cost Rica, Taiwan

Associates First Capital Corp. plans to open consumer lending offices in Costa Rica and Taiwan.

The moves will expand the Ford Motor Co. affiliate's international presence to more than 500 consumer and commercial offices in seven countries.

The Costa Rican office will offer personal loans and eventually expand into automobile and real estate lending.

The Taiwan office will purchase and sell receivables for various kinds of durable goods, such as appliances, furniture, personal computers, used vehicles, and motorcycles.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER