OREANDA-NEWS. On 19 June 2008 was announced, that Ukrsotsbank dynamically increases the volume of International Factoring operations. Thus, over 5 months of 2008 the volume of such operations exceeded the equivalent of UAH 30 million and in the next two months is to cross the level of UAH 50 million. (this is more than 200 export-import deliveries).

The average volume of one delivery is the equivalent of UAH 220 thousand. Among the bank's clients that use the services of international factoring, particularly popular are such countries as Belgium, Italy, Lithuania, Poland, Romania, Russia and Turkey. In 2008, this list will be completed by several countries, among them Bulgaria, Croatia, Korea and the UAE. In the near future, the bank expects implementation of new factoring projects in India, Spain, Germany, Taiwan, Canada and Japan.

Ukrsotsbank international factoring achievements are recognized at the international level. In 2008, the Bank is participating in the Factor of the Year Awards rating which is held by the Factors Chain International (FCI), one of members of which is Ukrsotsbank and determines the best Faktor on 2007 indices with a turnover of not less than 100 000 euros on two-factor scheme. Results of the rating will be announced at the end of September 2008.