PS Bank: a factoring ‘big brother’


Acting as big brother institutions, a number of multinational banks are playing an invaluable role in the development of factoring globally. In the first of a two part look at factoring ‘big brothers’, Factorscan speaks with Oksana Nekhvorosnaya, Head of Import Factoring Division, at Promsvyazbank in Russia, about the role that PS Bank has played in developing factoring into its ‘near abroad’, the key motivators behind these moves and why the bank applies a similar approach to its operations in all the countries of the CIS


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