Promsvyazbank significantly expanded the factoring portfolio in the segment of small and medium-sized businesses, according to a press release from the credit institution. The offer was increased thanks to a decrease in the bank in 2017 requirements to the volume of receivables from customers under factoring from 2 billion to 500 million rubles. As a result, for 8 months of 2017 the total volume of the factoring portfolio of Promsvyazbank in this segment grew by 33 percent and exceeded 12 billion rubles. "Factoring for SME clients is actively developing in the regions. For example, in the Ulyanovsk region, customers who have signed a factoring agreement receive uninterrupted financing, and the volume of new applications is constantly growing, "commented Alexander Karelin, vice-president - managing director for factoring Promsvyazbank. -Promsvyazbank takes 1st place in terms of factoring in the SME segment.

The bank has developed a program whereby after the transfer of monetary claims to the factor, the client receives financing in the amount of up to 99% of the invoice amount within 1 working day. The remaining part is paid after the buyer's payment. Factoring services are represented in all offices of Promsvyazbank for legal entities in 54 regions of Russia. You can get detailed information about the product by calling the PPB Factoring hotline: 8-800-333-25-50 or on the website of the credit institution.

Original article: Promsvyazbank expands factoring offers in regions.