OREANDA-NEWS. March 26, 2012. Factoring Company Life has regained the leadership for the second year running among factoring companies by the number of new clients (according to the Association of Factoring Companies), reported the press-centre of Probusinessbank.

In 2011 the Company entered into new 913 factoring contracts, including 529 new factoring clients. Since January 2011, 922 companies, operating in the SME segment, obtained the financing from the Factoring Company Life for the total amount exceeding RUR 17 billion.

The total portfolio of advanced payments provided by the Factoring Company Life to the SME segment exceeded RUR 3.2 billion. 

According to the forecasts of Alexander Karelin, General Director of the Factoring Company Life: “In 2012 the Company plans to actively expand the clients’ base and the portfolio of advanced factoring payments to the SME clients. The Company will continue to get support from the VneshEconomBank State Corporation and MSP-Bank”. 

The Factoring Company Life offers its clients a wide range of services, including the financing, administration of accounts receivable, insurance against risks in the framework of two major products – factoring operations with recourse and without recourse.  

Today offices of the Factoring Company Life are opened in such cities as Moscow, saint-Petersburg, Ekaterinburg, Ufa, Chelyabinsk, Tyumen, Novosibirsk, Saratov, Volgograd, Penza, Kaluga, Krasnodar.

Additional Information:
In 2009 the Factoring Company Life was the first company in the Russian Federation to get the state support from the Russian Bank for Development (today "MSP-Bank"). In 2010 the Factoring Company Life was recognized by the OJSC “MSP-Bank” as the "Factoring Company of the Year" for the most active support of the small and medium-sized business. The company was also named a laureate of the International Economic project in the "Modernization Leader-2011" nomination for the high quality standards of factoring services promotion, facilitating the development of the Russian economy in the small business segment. In June 2011 the Factoring Company Life was named the best by its customer service standards and received the prestigious "Financial Elite of Russia" award in the "Customer Service" nomination.