OREANDA-NEWS. August 17, 2011. From the start of 2011 the company concluded 458 agreements for the factoring services with new clients, including 220 new clients, who received the financing. Today the Factoring Company Life demonstrates the best results, based on the growth of the client base in the factoring industry. 614 companies, operating in the SME segment received the financing from the Factoring Company Life in the framework of factoring operations for the total amount exceeding RUR 7.7 billion.

Most part of the new clients were financed in the framework of the government “Factoring-Company” program, focused on the support of the small business and medium-sized enterprises by the Russian Development Bank (MSP-Bank), which is being implemented through the Factoring Company Life since 2009 and today reached RUR 1.5 billion.

The total portfolio of advanced factoring payments, made by the Factoring Company Life in the segment of the small and medium-sized business, more than doubled as compared with the same period in 2010 to reach RUR 2,669 million.

The company’s plans for 2011 include the following objective: to double the portfolio, attract 1000 new clients, owing to the development of the regional network, a unique customer proposition "Factoring Light" and active development of the RosBr (MSP-Bank) government program “Factoring-Company” for the support of the small and medium-sized business through the factoring operations.

The Factoring Company Life is the first and unique Russian factoring company, focusing on the express-factoring operations for the small and medium-sized business. The company is a member of the largest Russian Financial Group Life.

In 2010 the RosBR (MSP-Bank) recognized the Factoring Company Life as the "Factoring Company of the Year" for the most active participation in the program for the SME support. The company also became the prize-winner of the International Economic project in the “Modernization 2011 Leader" nomination for the high-quality promotion of factoring services, contributing to the development of the Russian economy in the segment of the small and medium-sized business. In June 2011 the company was named the best in the category of high customer service standards, and the Factoring Company Life received a prestige “Financial Elite of Russia” award in the “High Standards of the Customer Service” nomination.