OREANDA-NEWS. September 13, 2010. Russian Transcapitalbank, Maltese FIMBank and the International Finance Corporation / IFC / established a new factoring company "FactorRus.

FactorRus is ready to offer a broad segment of enterprises of various forms and types of property of all industries, regardless the size of business, a full range of factoring services, including recourse and non-recourse funding in the domestic and international markets. Equity participation of the world's financial institutions in the creation of FactorRus allows to release to the Russian factoring market highly competitive proposals for the provision of necessary funding, including high level of service.

According to the general director of FactorRus Boris Melnikov, “the major players in the factoring service market pay little attention to accounts receivable in the segment of small and medium-sized business, considering it risky. Today, most of the factors are focused on major customers or chain retailers, seeking to minimize own risks. A realization of differentiated proposals for dealing with receivables for large companies and representatives of small and medium-sized business, leading its work on deferred payment, is the best option for business development in the Russian market of factoring services, this is the policy of FactorRus.

In 2010, FactorRus plans to build a portfolio of USD  15 million dollars and provide a turnover in the amount of 26 million dollars, as well as to support its official positions by entering into a domestic and international factoring associations / AFC, IFG, FCI /. FactorRus intends to actively develop its own branch network, not limited by the presence in the Central region of Russia. Today, the transactions in the regions are carried out through the branch network of TCB.