First Ukrainian International Bank (FUIB) over 2014 became the market leader by the amount of factoring portfolio reaching UAH 644.8 million. FUIB’s market share of factoring transactions has shown the best increase since the beginning of the year, having increased its share from 8.6% to 23.7%.
FUIB portfolio is highly diversified and 70% of it consists of small and medium size business (SME), which allowed the FUIB to strengthen its leading positions on the SME market.
Andrey Koval, the Head of Factoring Division of FUIB: “Given the worsening of economic situation in the country, it is vital for a business to have a reliable and flexible financial partner. We have reduced the time of factoring handling to 5 business days, we worked with clients proactively, providing consultancy and helping with document execution. We paid special attention to small and medium size business. As a result, we have significantly improved our positions in the market and increased our client base more than 3 times”.
Factoring is a convenient financial tool for companies working with enterprises on payment deferral basis. This tool is applicable to delivery of not only goods but also services (transportation, repair, etc.).
The factoring finance does not require any collateral and guarantees prompt fund provision within 5 business days from the moment of factoring application. Now you can order the factoring service at the FUIB website: http://pumb.ua/ru/small_business/factoring/.To receive a factoring service, it is enough to provide a minimal set of documents: contract with the debtor and accounting documents evidencing goods delivery or service provision.
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