Association of Factoring Companies (AFC)

The Association of Factoring Companies (AFC) is created in 2007 in Moscow as professional public association of participants of the Russian market of factoring. Activity of AFK is directed to formation of the uniform principles and approaches to implementation of factoring operations in Russia, including methodological, normative and legal and ethical bases of factoring business.

AFK integrates the banks and factoring companies creating 80% of turnover of the market of factoring (data for 7/1/2013), members of AFK provide factoring services more than in 70 regions of Russia and also in the countries of the Customs union and the CIS. Among participants of AFK – NFK Bank Promsvyazbank Metallinvestbank, bank Petrocommerce, the company Rosbank Factoring SDM-Bank, the company Faktorrus Renaissance bank Russian factoring company Credit Europe Bank UniCredit Bank, the company Rosprombank Belinvestbank, the company VTB Factoring Alfa-Bank Life factoring company, the company OFK-Management, CLOVERGLOBEX FC ", Bank, " Bank "FC Otkritie" TKB, the company "R.E. Factoring". The company TransCreditFactoring is excluded in December, 2013 from the list of participants of association in connection with liquidation of this organization as a result of successful accession to VTB Faktoring LLC.

AFK is a member of Chamber of Commerce and Industry of the Russian Federation, the partner of the Association of Russian Banks, enters into public councils at public authorities and business associations in the field of finance and trade. The association of factoring companies is open for the introduction of new members and also for cooperation with industry associations, the unions and professional associations.

Factoring (market of Russia)

Основная статья: Factoring (market of Russia)