Moscow Credit Bank was among the leaders in the market for factoring magazine Financial Director
In the June issue of Russian edition of British magazine Financial Director issued the ratings leader in the Russian factoring market in 2006. Moscow Credit Bank has entered Top-10 factoring companies in terms of the number of clients, taking 8 th place ranking. In terms of monetary claims ceded ICD won 11 with a line rating of 2.55 billion rubles (excluding VAT).
Currently, IBC continues to actively develop services factoring financing. At the end of May, the Bank's factoring portfolio reached about 1.2 billion rubles, the total turnover from the beginning of the year reached 3.5 billion rubles. Recently, the Bank proposed a unique program - "factoring for small business, which includes affordable and convenient procedure for factoring services: Now, after the conclusion of the contract the factoring company can receive funding of $ 3 or 6 million rubles, even with a slight amount of current traffic. This system of financing is becoming easier and affordable for companies, which are at an early stage of development of their business or take up a small portion of the market.
Terms factoring in the IBC require financing made deliveries of up to 90% of the amount of supply for periods of up to 4-month period. Factoring services requires flexible conditions of payment and does not require opening a checking account at the Bank, guarantees of performance, the accumulation of stories before the start of payments financing, collateral and insurance products. Moscow Credit Bank provides funding to supply any customer in the whole territory of Russia, including deliveries made before the conclusion of the contract factoring. Additionally, for the Bank offers its clients a number of services such as electronic document circulation, non-factoring services to notify debtors and others
