Piraeus Factoring offers you a wide range of services such as financing, administration and collection of your trade receivables from domestic or international debtors. In this way, you can improve the liquidity of your business, increase your negotiating power, and expand your turnover. In addition, our factoring services enable you to shield your business against credit risk.


For managing your accounts receivables

Piraeus Factoring’s specialized personnel and ERP system allow you to:

  • Manage your accounts receivables efficiently
  • Finance your Accounts Receivables upon issuance
  • Minimize the use of post-dated cheques in business transactions
  • Monitor your clientele through our expert team

Strict collection procedures and legal assistance if required

  • assessment of the buyers’ creditworthiness
  • assumption of the credit risk

For expanding your business

Give your business a comparative edge over competitors through:

  • Increased liquidity
  • Extended clientele and thus turnover
  • Improvement of company’s performance in the financial reports and indices
  • Reduced cost of staffing
  • Increased time available for company’s staff
  • Reduced collection costs
  • Lower cost and faster process compared to Letter of Credits and Letter of Guarantees
  • Increased negotiating power with suppliers allowing for payment discounts

For your imports or exports operations

  • If your company has imports or exports operations, you no longer need to be an expert in the country legislation your supplier or debtor is located. Piraeus Factoring allows you to benefit from: 100% credit risk coverage
  • Reduced costs in comparison to L/Cs
  • Financing of Accounts Receivables upon issuance
  • Additional collateral is avoided
  • Both factor and buyer speak the same language

Assessment of the buyers’ creditworthiness

Piraeus Factoring operates with a global network of leading companies around the world and can efficiently assess the buyers / suppliers creditworthiness for companies in Greece or abroad.

The reliability of Factors Chain International (FCI)

Piraeus Factoring is a member of Factors Chain International (FCI), the world’s largest and most highly respected factoring organisation. When providing international factoring services, the company cooperates with other members of FCI. The pre-mentioned cooperation is facilitated by the international trade rules and more specifically by the General Rules of International Factoring.

Factoring in Greece

Piraeus Factoring in Greece provides various forms of factoring upon the factoring services of your need:

Domestic factoring applies to businesses operating in the domestic market and is divided in:

  • Domestic Factoring With Recourse

    This product offers:
    • financing
    • management of A/Rs
    • collection of A/Rs and finally
    • assessment of the buyers’ creditworthiness

  • Domestic Factoring Without Recourse (or Domestic Non Recourse Factoring)

    This product offers:
    • financing
    • management of A/Rs
    • collection of A/Rs
    • assessment of the buyers’ creditworthiness and finally
    • assumption of the credit risk

Export Factoring

Export Factoring applies to exports-oriented businesses which sell abroad on open account terms. The Seller, in this case, profits from the full list of the factoring services:

  • Finance
  • Management
  • Collection
  • A100% credit risk coverage &
  • Assessment of the buyers’ creditworthiness

All of the above are taking place through F.C.I. (Factors Chain International), a global network of leading companies, whose common aim is to facilitate international trade through factoring.