At the end of 2019, the average factoring portfolio amounted to RUB 8.2 bln, an increase of 50% y-o-y. It is diversified by sectors and regions with customers being present in most federal districts of Russia. The bank was ranked 11th by factoring portfolio among members of the Association of Factoring Companies.
Last year, the bank added two new factoring products:
- State-backed factoring
The bank agreed and launched a product for financing receivables of public procurement participants.
- Dual currency factoring
The bank agreed and prepared the launch of a factoring financing product as part of the currency transfer of customers whose contracts are denominated in conditional units.