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VTB Factoring

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+ VTB Factoring

To VTB Faktoring LLC - the subsidiary company JSC Bank VTB - provides factoring services since 2009. The geography of activity of the company covers 18 largest cities of Russia, customer acquisition on factoring service is conducted also through branch of bank of VTB. VTB Factoring is a member of the largest international factoring association IFGroup and Association of factoring companies.

Factoring business of the company started in 2009 in Moscow: On March 18 between VTB Factoring and one of the largest holdings of Russia working in the field of production and distribution of food the agreement on factoring service was signed that actually marked the beginning of active work of VTB Factoring in the market.

Performance Indicators

2010

At the end of 2010, rates of business development of VTB Factoring considerably outstripped the market: turnover of the company grew more than by 6 times and made already 43 billion rubles.

2013

In 5 years turnover of the conceded monetary claims VTB Factoring was about 1 trillion rubles that is equivalent to 1.5% from GDP Russia at the end of 2013. The company financed more than 3 million deliveries, on average specialists of VTB Factoring processed more than 1.5 thousand deliveries daily. Clients of VTB steel Factoring more than 2 thousand companies and 1 thousand 300 debtors.

The annual turnover of the conceded monetary claims of VTB Factoring exceeded 453 billion rubles, the factoring portfolio for the end of 2013 made about 90 billion rubles. Growth by 33% on turnover and 23% - on a portfolio. In the first half of 2013 turnover of the conceded monetary claims of VTB Factoring (including TransCreditFactoring Ltd) exceeded 207 billion rubles, a factoring portfolio – 70 billion rubles.

The annual turnover of the conceded monetary claims of VTB Factoring exceeded 453 billion rubles, the factoring portfolio for the end of 2013 made about 90 billion rubles. Growth by 33% on turnover and 23% - on a portfolio. In total, in total, during the first half of 2013, VTB Factoring financed more than 510 thousand deliveries, having provided factoring services to 553 Russian companies.

Among key progress, it should be noted implementation of integration of business of TransCreditFactoring company into business of VTB Group. For the first time in the history of the Russian factoring the unique and large-scale project on merge of two working large factoring companies – TransCreditFactoring and VTB Factoring was implemented.

During 2013 serious changes happened also in a service component of business of the company. Factoring was successfully completed by specialists of VTB the implementation project of the Client Office system which marked the beginning of an era of digital factoring.

In the spring of 2013 of VTB Factoring together with VTB Bank (Armenia) Ltd performed the first international factoring transaction between Armenia and Russia. Based on a year turnover of the company on the international factoring exceeded 1 billion rubles.

2014

The portfolio of the conceded monetary claims of VTB Factoring for the end of 2014 made 87.5 billion rubles, turnover of the conceded monetary claims for 2014 - 433 billion rubles. According to the Association of Factoring Companies (AFC), a factoring portfolio of VTB Factoring in volume of the accepted risk for the end of 2014 exceeds a total factoring portfolio of two closest competitors and is 33% of total portfolio of members of AFK.

Within execution of assigned tasks for 2014, VTB Factoring optimized a portfolio for 35 billion rubles of clients of an inappropriate segment, having reduced a total quantity of the serviced suppliers and debtors to 485 (610 in the 2013th) and 1,126 (1,336 in the 2013th). Respectively, the number of the financed deliveries was reduced to 872 thousand pieces (1.05 million pieces in the 2013th), the average turnover of a portfolio increased up to 67 days (51 days in the 2013th), reflecting orientation of work in segments with longer turnover.

In 2014 turnover of VTB Factoring on factoring without the right of regress was 194 billion rubles. The factoring share without the regress right of the paid financing for 2014 grew and stepped over a boundary of 50% - the most part of financing was paid on the products "factoring without the regress right", "purchasing factoring" and "sale of receivables for date".

VTB Factoring and Gazprom Energoholding performed the largest public transaction in the history of world factoring on the amount of one-time financing. A subject of the transaction was the debt of JSC Inter RAO UES to Mezhregionenergostroy Ltd (Gazprom Group). The transaction worth 13 billion rubles was financed by VTB Factoring in the amount of 100% of the conceded debt on factoring without the regress right.

In vanguard of technologies

In the left year of VTB Factoring for the first time sold the project on factoring financing on the basis of the electronic waybills signed by the supplier qualified by the electronic signature and the buyer that allowed to refuse completely paper document flow between all participants of the factoring transaction in the Russian market of factoring. Participants of group of JSC Sollers became the first users of the project.

For 2014 turnover of VTB Factoring on the international factoring grew by 55% by 2013 and was 1,555 million rubles. In the fall of 2014 of VTB Factoring entered the structure of the largest international factoring association Factors Chain International (FCI) integrating more than 270 factors from 75 countries - for expansion of a line of factoring solutions and provision of services on import and export factoring, among the countries of participants there is FCI.

History

2019: Purchase of 25% of GetFinance financial technical-company and start of a financial marketplace for small business

On July 1, 2019 it became known of sale of 25% of stocks of GetFinance financial technical-company of VTB Factoring company. Based on this platform of VTB started a financial marketplace for small business. Read more here.