International Factoring Network

  4. International Factoring Network

Factoring is taking on an increasingly important role in international trade, as more and more buyers demand open account conditions rather than letters of credit. This is particularly relevant with regard to exports from emerging markets to the more developed countries and regions. The recent crisis has brought about more awareness about factoring and this product's ability to facilitate domestic and international trade while mitigating risks and improving cash flows. Our interest in Factoring also reflects our commitment to support SMEs, which are the backbone of international trade.

FIMBank is at the forefront of introducing and developing innovative receivable finance techniques and pursued a strategy of growing its international factoring franchise, with the setting up of factoring joint ventures with highly professional and leading institutions in selected emerging markets. FIMBank’s international factoring network currently consists of MENAFactors in Dubai, Egypt Factors in Egypt, India Factoring in India, LATAM Factors in Chile and BRASILFactors in Brazil. The Bank’s MEDFactors department in Malta as well as its Hellenic branch in Athens, Greece, also offer a comprehensive range of factoring services.

Our credentials in providing support to factoring joint-ventures are tried and tested. The international awards received, together with the achievement of ISO certification for our factoring back-office operations, are an important endorsement of the quality of these services as well as recognition of the professionalism of our in-house specialists.

For International Factoring contact list please click here