Growth slows down, factors demand more state support
The Association of Factoring Companies (AFC) has published statistics on the Russian factoring market for Q1 2013.
The Association of Factoring Companies (AFC) has published statistics on the Russian factoring market for Q1 2013.
Marina Musiets is deputy head of credit institutions ratings, the ratings department at the leading Russian rating agency Expert RA. In this article she answers questions posed by IIya Pokamestov, himself an expert in the Russian factoring market.
Expert RA named POLITEKS the fastest-growing, most innovative and technologically advanced factor on the Russian market.
Rosbank Factoring and Nissan Manufacturing RUS signed RUB 12 billion (EUR297.2 million) non-recourse factoring agreement.
NFC and PSB work together on tailor-made deal. In late December, last year, two Russian factors entered into a partnership under which one factor provides invoice financing, while the other covers credit risk.
Finnvera plc, Finnish Export Credit Ltd. and ING BANK N.V. have signed a USD 160 million, 12 year export credit facility with Russian shipping company, OAO Sovcomflot (SCF Group).