OREANDA-NEWS. April 01, 2013. EBRD and NFC, one of the Russian factoring market leaders, countersigned agreements on financing in scope of EBRD’s Trade Facilitation Programme (TFP).

On 15th March, EBRD and NFC, one of the Russian factoring market leaders, countersigned agreements on financing in scope of EBRD’s Trade Facilitation Programme (TFP). The programme contemplates guarantees and short term loans with respect to NFC’s clients’ domestic and international trading transaction. The maximum credit limit was granted at USD 20 mln.

Roman Ogonkov, NFC’s Chairman of the Management Board, comments on the agreed transaction with EBRD: “I would like to stress the importance of the transaction. EBRD is not just a lender. It’s an international institution for development with the exceptional reputation, strict requirements to borrower’s business quality and in-depth due diligence procedures. We are proud to start relationship with this esteemed institution and will do our best to its further development for the benefit of our clients”.

Since 2006, NFC Group, comprising NFC (bank), non-banking factoring company NFC Premium and NFC Moldfactor ( the first and only factoring company in the Republic of Moldova), has been represented in the public financial market by a few Russian ruble bond issues, a CLN issue, two syndicated loans and also by cooperation with banks for development.