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FactorRus, a factoring joint-venture of Transcapitalbank, Moscow, FIMBank , Malta, and International Finance Corporation (IFC - a member of the World Bank Group), has appointed Mr. Boris Melnikov as its CEO. (more…)
The European Bank for Reconstruction and Development is set to become a shareholder of Russia s Promsvyazbank (PSB), after today…
#bank#Boost#Commerzbank
FIM bank are to launch a 58 million factoring joint venture operation in Russia, in partnership with (more…)
Rating agency Expert RA has confirmed Promsvyazbank as market leader of Russia s factoring industry for the first half of…
#factoring industry#recession
Anna Komarova, Deputy Head of Factoring Unit at ZAO UniCredit Bank in Russia, talks to Factorscan about the process of…
#assignment of receivables#bank#invoice
Olga Gritsay, President of the Association of Factoring Companies in Russia, talks to Factorscan about the Russian industry's prospects for…
#bank#guarantees#management
Major strides have been made in recent years to clarify the role and status of factoring in Russia. Legislation passed…
In August, factorings.ru on the initiative of Promsvyazbank (PSB) - surveyed the Russian factoring market to assess the situation and…
VTB Factoring Ltd., an affiliate of VTB Group, is the latest factor to join International Factors Group (more…)
Promsvyazbank (PSB) has received the Factoring Company of the Year award at the annual Russia s Financial Elite 2009 award…
#bank#banks#leadership
A survey of Russian factors showed that a majority had seen a fall in business volume during the first quarter…
#banks#risk#trade
Last month, Moscow hosted the annual conference 'Factoring in Russia - 2009', bringing together 120 players from the industry. (more…)
#conference#international#international factoring
The volume of Promsvyazbank s (PSB) international factoring transactions with China increased by 55.7% to 52 million in 2008. (more…)