RB Factoring portfolio grew by 66% in 2019

    07 February

Debt portfolio on paid factoring funding of RB Factoring that is a part of Rosbank Group, showed growth by 66% in 2019 and it is now 23,2 billion rubles.

According to an interim rating of factoring companies as a result of 2019 that is published by Association of Factoring Companies (AFC), Rosbank Group is on the 6th place in portfolio volume that was 30,49 billion rubles as of 1 January 2020. At the same time, the number of active clients increased by 30% and now there are 242 companies as of the end of the year. Moreover, according to AFC rating, Rosbank Group became the largest international factor on the Russian market with a portfolio of 2,97 billion rubles as of 1 January 2020.

“RB Factoring within Rosbank Group demonstrated an impressive growth dynamics of the main business rates in 2019. It is a lot faster than average growth rate of Russian factoring market. It was made possible thanks to rolling out of new products and technologies as well as focusing of attention on two directions, namely on the development of international factoring deals as it is the most dynamic market segment and the expansion of regional business. Its portfolio grew by 86,5% and now it is 12,5 billion rubles”, Oleg Vindman, General Director of RB Factoring.

Follow the link to find an interim rating of factoring companies of AFC as a result of 2019.