Rosbank Factoring enlarged its portfolio by 214%

    09 August

As a result of the first half of 2018, Rosbank Factoring demonstrated the growth of the debt portfolio for the paid factoring financing by 214%, in comparison with the result for the first half of 2017. RB Factoring significantly strengthened its positions on the Russian factoring market.

According to the rating of factoring companies following the results of the first half of 2018, published by Association of Factoring Companies, RB Factoring rose up to the fifth place according to portfolio volume that reached 21,65 billion rubles. Moreover, the number of clients under service for six months of 2018 is now 158.

During the second quarter of 2018, a new product line in international factoring was commercialized. Thanks to their promotion, the debt portfolio in international factoring exceeded 1,2 billion rubles as of the end of the half of a year. An active business development continued in the regions as well, the financing portfolio of regional factoring clients was 5,3 billion rubles as of July 1, 2018, increasing by 90% during the year.

Oleg Vindman

Executive Director of Rosbank Factoring

We make great effort and direct them to the full-scale business development in all the key segments of factoring market. This year, apart from organic growth in large business, we work in regions using a potential of Rosbank regional network. The development of international factoring also is a priority for us due to natural advantages that our company has like being a part of an international Societe Generale Group. I would like to highlight the issues of the development of service quality based on client-oriented approach and new digital solutions as guiding as the main guidelines for the future.

You can look through the full rating of factoring companies following the results of the first half of 2018 by following the link.