VTB entering Russian factoring market

VTB Group announced their expansion into yet another financial field, saying it will begin buying up struggling firms' accounts receivable as payment arrears across the country skyrocket.

Fitch cuts Russian Factoring No 1 To C

Fitch Ratings has today downgraded the rating on the senior notes issued by Russian Factoring No. 1 S.A. (the issuer) to 'C' from 'B', removed the Rating Watch Negative (RWN), and assigned a Recovery Rating of 'RR6'.

Factoring in the grey areas

Complications in the issuing of factoring licenses in Russia are presenting obstacles to local factors looking to develop financial services in the country.

When the bear found bees in the honey

Ilya Pokamestov, General Manager of Factoring Pro, provides his views on the state of the Russian factoring industry and reveals what his expectations are for Russia's future.  

Russian factoring celebrates 10th anniversary

The National Factoring Company, founder of the Russian factoring market, celebrates its 10th year of business on Thursday, effectively marking the 10th anniversary of the Russian factoring industry

EuroKommerz in Deep Trouble

According to a Russian factoring information website, factoring company Eurokommerz, until recently the Russian factoring market leader, held a meeting with it’s main creditors as a part of a programme for restructuring the ailing company’s debts