Russia

After a slump in the market in 2008-2009, Russia s Urals Federal region is gradually recovering its positions on the country s factoring scene.

The EBRD has agreed to make a senior unsecured loan of 2.345 billion roubles (equivalent to $77 million) to Russia s Orient Express Bank to help expand the micro and small business lending of an institution

The Association of Factoring Companies (AFC) recently held a general meeting of its members, during which the association expanded the board, as well as approving a new

For the first 9 months of 2010, Russian factoring market turnover amounted to US$10.billion, with international factoring volumes remaining low.

Bank Petrocommerce a new member of the Association of Factoring Companies in Russia The Association of Factoring Companies (AFC) welcomes a new member - Bank Petrocommerce.

Association of Factoring Companies (AFC) reports that it has finalized the first stage of the All- Russia factors census.

Standard Poor's has announced its assessment of the development of the Russian banking sector in 2010.

Promsvyazbank (PSB), Russian commercial bank and a factoring market leader, reports today that its portfolio showed strong growth in H1,2010...

Moody's Investors Service yesterday changed to stable from negative the outlook on the B3 long-term foreign and local currency deposit ratings as well as ...

Sept. 4 th 2010: Promsvyazbank announced that its Board of Directors had elected Artem Konstandyan as a new President and a Chairman of the Management Board.