VTB Bank in factoring discussions with Embassy of the Republic of Belarus

In January, the Embassy of the Republic of Belarus and VTB Bank held a meeting on the use of factoring in export transactions. The event was held at the site of VTB Bank (Belarus). The meeting was attended by representatives of government and the National Bank of the Republic of Belarus, heads of the largest exporters of Belarusian products, and representatives of banks that provide factoring services

The next factoring growth market in eastern Europe?

Belarus has been tipped as the next eastern European market to experience significant growth in factoring in the near future. Here, Factorscan looks at why the market could hold such high potential for the industry.

TK Bank granted banking license

The National Bank of Belarus has registered and issued a banking license to Bank Torgovy Kapital ( TK Bank), a Belarusian-Iranian bank, allowing them to provide a full range of asset based lending services.