In order to diversify the working capital solutions provided to mid and large companies, Vista Bank extended its offer with factoring services. As a first step, the bank will focus on domestic factoring with and without recourse.
Commenting on the product launch, Mirela Popescu (pictured), Factoring Manager, Vista Bank, stated: "We are delighted that our clients can now benefit from factoring services as well. We believe that factoring can support businesses to accelerate growth as they provide a flexible and fast solution to access liquidity. At the same time, factoring improves the relationships of a company with both their debtors and suppliers. Romanian factoring market ended 2023 with a value of €8.66bn, by 10 per cent higher that the previous year, and has a high development potential. We are looking forward to bringing our contribution to this development and increase knowledge of the factoring benefits among Romanian companies”.
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