CIB Factoring services

The advantages of factoring

• constant financing in line with sales
• competitive advantage by being able to offer longer payment deadlines
• instead of your company’s creditworthiness, the commercial relationship between you and your debtor, as well as your debtor’s payment record, is examined
• ability to generate a higher income due to the rapid turnover of cash
• the amount of your receivables is reduced
• no creditworthiness appraisal
• the collateral consists of the assignment of the revenue of factored trade debtors
• tangible assets are not required as collateral
• an advance equal to 80-95% of the gross invoice value
• immediate financing under preferential terms disbursement can be in either forint or foreign currency