Rosbank Factoring organized the first international factoring deal for Nissan Russia

    15 April

Rosbank Factoring closed a factoring service agreement for export to Kazakhstan and Belarus with LLC “Nissan Manufacturing Rus” that produces Nissan cars, and JSC “Exar”.

It is the first international factoring deal for Nissan from the moment of establishment of the company in Russia. Export factoring lets the car manufacturer to get the payment right after supply action that improves the quality of the management of accounts receivable and the planning of money flows. International factoring includes the financing of supply actions with payment delay in case when a buyer and a supplier are residents of different states.

“We are glad to start the partnership relations with our strategic client Nissan within the new original product. We were flexible to the needs of our client by offering unique terms of financing to “Nissan Manufacturing Rus”. Rosbank Factoring is a part of Societe Generale Group that lets us support external economic business of our clients efficiently, taking into account the long-term expertise of the Group. We are leaders in the segment of international factoring in Russia and we are glad to provide the best service to Nissan”, Oleg Vindman, RB Factoring CEO.

Chief Financial Officer of Nissan Alexey Sulabe:” The agreement with RB Factoring is the first international factoring deal in our history and it is a landmark start of a new format of partnership. The opportunity to finance supply actions to our dealers in Kazakhstan and Belarus will improve the liquidity of the company, increase sales volume and optimize the costs for production”.

LLC Nissan Manufacturing Rus is one the key clients of JSC Exar and we are ready to provide current mechanisms of loan and investment support with maximum efficiency. We hope that we will continue to develop our partnership in other directions on other support mechanisms”, Nikita Gusakov, JSC Exar CEO.