Factoring

Piraeus Bank, with the support of Piraeus Factoring SA, offers you a wide range of services such as financing, administration and collection of your trade receivables from domestic or international debtors tailored to your specific needs.

Benefits

  • For managing your accounts receivables
    Factoring Services allow you to manage your accounts receivables efficiently, finance them upon issuance, minimize the use of post-dated cheques in business transactions and monitor your clientele through Piraeus Bank expert team which can also assess your buyer’s creditworthiness and assume the credit risk (case of factoring without recourse)
  • For expanding your business
    Give your business a comparative edge over competitors through increased liquidity, improvement of company’s performance in the financial reports and indices, 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
    • Benefit from up to 100% credit risk coverage
    • Additional collateral is avoided
    • Both factor and buyer speak the same language
The services / products are provided under the applicable restrictive provisions to the capital movement and according to the applicable procedure and credit policy of Piraeus Bank

To learn more please contact Transaction Banking Unit: transactionbanking@piraeubank.gr