notably, finance or credit foncier companies that did not apply for a commercial banking license could continue to function as finance or credit foncier companies, or as mentioned earlier, return their licenses and continue to operate as a credit company. However, since authorities have already expanded the business scope of commercial banks to include factoring, leasing and hire purchase businesses-traditionally disallowed for commercial banks-remaining finance and credit foncier companies will be facing heightened competition from commercial banks that have lower cost of funding