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Factoring financing

Piraeus Bank offers Factoring for suppliers of goods / works / services, which ñonduct their business activities on terms of deferral payment.

Factoring lending - financing of each shipment of goods by providing a factoring tranche to the Supplier in exchange for cession of right (from the Supplier to the Bank) for monetary claim from the Debtor for the previously delivered batch of goods.

Advantages of factoring from JSC PIRAEUS BANK ICB for Suppliers:

  • Financing of current activity without collateral
  • Absence of term about buyer diversification
  • Facilitation for regular production cycle and sales
  • Increase of sales;
  • Repayment due to proceeds from the Debtors (Buyers)
Advantages of Factoring for Buyers:

  • Contributing in development of relations with Supplier
  • Increase of purchase volumes without additional capital raising

Terms of financing:

Currency of financing Hryvna
Limit tenor 365 calendar days from the date of concluding of factoring agreement
Amount and term of lending tranche Till to 90% assigned receivables on period of Contract delay in payment + additional waiting period on payment from debtor
Limit amount It is calculated as requirement in financing of suppliers for every debtor (which is transferred on factoring)
Fee for factoring

  • One-time fee for limit - 1% from the amount limit
  • Fee for financing - from 0.1% the amount of provided tranche for every 30 days of delay in payment
  • The interest rate is determined by the decision of the credit committee of the bank

Related services:

Learn more:

  • call the contact-centre: 0 800 30 888 0 (round-the-clock ree from mobile and stationary phones within Ukraine)
  • If calling from abroad: +38 044 495 88 88
  • complete the feedback form
  • Branches and outlets
You can order a call and our specialist will contact you at a convenient time for you
0 800 30 888 0
(calls from fixed line phones within Ukraine are free).
Did you know...
Piraeus Bank
was founded in 1916
Our achievements
Piraeus Bank Group was ranked 160 in TOP-500 of banking brands - the rating conducted by Financial Times, The Banker business edition
© 2014 Piraeus Bank
Bank license ¹91 as of 17.10.2011
0-800-30-888-0
calls from fixed line phones
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